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Tungsten Demand Surges as China Prices Outpace West, Almonty CEO Reveals

Almonty Industries CEO Lewis Black discusses surging tungsten demand driven by defense, semiconductors & automotive sectors. China prices now exceed Western rates for 7 months.

This news matters because tungsten is a critical mineral essential for national defense, semiconductor manufacturing, and automotive production—sectors fundamental to both economic stability and technological progress. The unprecedented price inversion between China and the West signals a major shift in global supply chains and resource allocation, potentially affecting everything from military equipment to consumer electronics. For investors and industry observers, understanding these dynamics is crucial as they may influence everything from manufacturing costs to geopolitical strategies. The sustained seven-month trend suggests this isn't a temporary anomaly but rather a structural change in a market for a material with few substitutes, making its availability and pricing increasingly important for multiple high-stakes industries.