The War 'Nobody Is Talking About'- Why Tungsten Has Entered A Permanent Shortage

Tungsten, a critical strategic metal with the highest melting point of any metal, is facing a permanent structural shortage as China controls over half of global production while tightening export restrictions. Chinese buyers are aggressively acquiring U.S. tungsten scrap at prices up to five times market rates, sparking debate in Washington over export bans. Western companies are racing to develop alternative domestic sources, with projects in Nevada and Kazakhstan positioning themselves as potential major suppliers.