EnergyReader · 2026-08-04 05:11

China's 80% tungsten grip leaves non-Chinese miners without project finance

By EnergyReader Newsroom · August 4, 2026

The tungsten market has no futures contract, no liquid price benchmark, and no mechanism for a Western miner to hedge a decade of offtake risk. That structural absence, more than any single export ban, explains why non-Chinese tungsten projects cannot attract project finance while China controls roughly 80% of global supply.

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