General · China
US Attempts to Challenge China's Dominance in Tungsten Supply through Central Asia
Owlester AI · from 1 source ·
The US is making strides to challenge China's dominance in the tungsten market by funding mining projects in Kazakhstan. However, experts suggest that surpassing China's established position in the industry will be challenging. The global tungsten market has seen a dramatic price increase, driven by China's export controls and a supply-demand imbalance.
Key facts
- US invests in Kazakhstan to challenge China's tungsten dominance.
- Global tungsten prices have surged over 200% since May 2025.
- China's export controls on tungsten products, introduced in February 2025, have exacerbated the supply squeeze.
- US oilfield equipment makers are redesigning products due to rising tungsten costs.