Tungsten Prices Explode as Several Forces Combine to Squeeze Supply
Tungsten, also commonly known as wolfram, has seen a recent rally that has pushed prices to record levels. This has raised concerns within the defense, aerospace, electronics and industrial gas turbine industries that largely require this critical metal. A confluence of factors has helped to fuel this price rally. First, China imposed export restrictions on the metal last year. China is the primary extractor and processor of tungsten, so when it imposed these restrictions, the supply of the metal contracted around the world. This has caused buyers to compete for the limited supplies and this is exerting upward pressure on…
