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Tungsten faces a permanent shortage as Chinese buyers outbid U.S. recyclers, driving prices up 350%.

Market News
09 Jun 2026
Stjepan Kalinic
View Source
Bearish
pluang ai news

Tungsten, a critical metal for military and industrial uses, is experiencing a structural shortage due to China's export restrictions and aging mines. Chinese buyers are paying up to five times market prices to secure U.S. scrap tungsten, disrupting domestic supply chains and sparking debate over export bans. The U.S. lacks refining capacity to fully utilize recovered tungsten, prompting efforts to develop alternative sources and increase domestic production. Major projects in Kazakhstan and Nevada aim to reduce dependence on Chinese supply.

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