Intelligence analyses covering industrial across geopolitics, cybersecurity, finance, and technology domains.
3 analyses
Executive Summary
China controls 61% of rare earth mining and 91% of refining — and is now using that dominance as strategic leverage. A 557% tungsten price spike since 2025 is hitting military procurement with no fast substitutes.
The global tungsten market has entered 2026 in extreme volatility, driven by China's implementation of export controls on tungsten products following US trade disputes .