Tungsten prices reached unprecedented highs on January 29 as export restrictions and strong industrial demand tightened availability across global markets. The metal, widely used in aerospace, defense, and advanced manufacturing, has seen increasing strategic importance in recent years.
Supply limitations from key producing countries combined with rising orders from technology and construction sectors intensified price pressures. Industry groups said manufacturers are reassessing sourcing strategies to manage rising costs and potential shortages.
Market observers noted that tungsten’s role in critical industries has drawn greater policy attention, with governments monitoring supply security closely. Prices are expected to remain elevated if export controls persist.
Leave a comment