EQ Resources (ASX:EQR), a tungsten producer, is favoured by fund managers as Chinese export controls tighten supply. In June 2026, Cadence Capital highlighted tungsten as a commodity where China's 2025 export restrictions drove a roughly tenfold price increase. Terra Capital named EQ Resources its preferred tungsten exposure, noting two producing open-cut mines in Australia and Spain, while Paradice holds an overweight position in niche commodities. Perennial and Ellerston noted falls of 15% to 16% amid rain impacts on its Spanish operations despite rising tungsten prices. EQ Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 12 comments from 7 fund managers, including Cadence, Terra, Paradice, Perennial and Ellerston. Established in 2005 and headquartered in Mt Carbine, Queensland, EQ Resources produces tungsten concentrate from the Mt Carbine mine in Queensland and the Saloro operations in Spain.