Business · China
US Attempts to Challenge China's Dominance in Tungsten Supply Through Central Asia
Owlester AI · from 1 source ·
The US is investing in Kazakhstan to challenge China's tungsten dominance, but experts believe it will be difficult to overcome China's established lead. Global tungsten prices have surged due to increased demand and supply constraints, affecting industries like oilfield equipment manufacturing.
Key facts
- US investing in Kazakhstan to challenge China's tungsten dominance.
- Global tungsten prices have surged by over 200% since May 2025.
- China's export controls on tungsten products introduced in February 2025.
- US oilfield equipment makers are redesigning tools due to rising tungsten costs.