Paris, France, Oct 21, 2026 (AFP) - China export ban hits tungsten, crucial metal for defence, industry

NAMPA / AFP

2026-10-21

Prices for tungsten, an ultra-hard metal that is key for the defence industry, have soared to record highs since China restricted exports in mid-2025. The restrictions by the world's top producer of the metal have become a major cause for concern among manufacturers now forced to diversify their supply sources. The Chicago Mercantile Exchange (CME Group), one of the world's leading derivatives exchanges, said Monday it will launch a dedicated fut......

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