Jul 20, 2026 – 9.45amMining billionaire Andrew Forrest has taken a $190 million stake in little-known Australian tungsten miner EQ Resources, one of the world’s biggest producers of the critical mineral outside of China.The personal investment from the iron ore magnate comes after prices for the metal have risen almost tenfold over the past 18 months, driven by unrelenting demand from the defence, renewable energy, and artificial intelligence sectors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles