Metal Movers: Inside the Global Tungsten Squeeze

Metal Movers: Inside the Global Tungsten Squeeze

In this episode, Argus explores the forces behind the dramatic surge in global tungsten prices. What began with Chinese export controls has deepened into a structural supply squeeze, leaving both domestic and international consumers struggling with tight availability. Our experts discuss how mining constraints, shifting demand dynamics and limited substitution options are shaping one of the most volatile critical mineral markets of 2026.

Covered in this episode:

  • How ageing mines, limited upstream investment and reduced output have created a structural shortage in Chinese tungsten supply
  • The impact of China’s export controls on global availability — and why its domestic market is now feeling the squeeze as intensely as overseas buyers
  • Whether substitution with molybdenum, niobium, titanium or ceramics can meaningfully reduce demand for tungsten carbide and mill products
  • The limits of recycling in Europe and North America — and the scope for China and Japan to expand recycling to ease supply constraints
  • When global tungsten prices might peak, how long historically high levels may persist, and how new mine capacity from South Korea, Kazakhstan and Europe could reshape the market from 2027 onward

Avsnitt(1000)

Chemical Conversations: BTX Market Pressures Amid Middle East Conflict

Chemical Conversations: BTX Market Pressures Amid Middle East Conflict

Santosh Navada speaks with Ashish Kulkarni, Argus’ lead aromatics consultant, to examine how rising conflict in the Middle East is reshaping global BTX flows.   They discuss:   How the conflict has ...

2 Apr 19min

Metal Movers: How the Iran Conflict is Impacting Steel Markets

Metal Movers: How the Iran Conflict is Impacting Steel Markets

In this episode, Argus analysts examine the implications of Iran‑related geopolitical tensions for ferrous metals markets. The discussion focuses on how regional developments could influence steel pro...

1 Apr 19min

Falando de Mercado: Potencial do biometano no Sul

Falando de Mercado: Potencial do biometano no Sul

O biometano entra em 2026 sob novas forças de demanda regulatória e com ofertas em expansão, enquanto o mercado ainda define referências de preço e modelos de contratação. É neste contexto que a cidad...

1 Apr 18min

Fertilizer Matters EP45: Middle East Conflict - Impact on Sulphur & Ammonia Markets

Fertilizer Matters EP45: Middle East Conflict - Impact on Sulphur & Ammonia Markets

Hear Argus’ essential analysis of the impact the Middle East conflict on sulphur and ammonia markets, focusing on production, logistical constraints, price surges across both daily and weekly price as...

1 Apr 32min

Fertilizer Matters EP44: Chinese Ammonia Market

Fertilizer Matters EP44: Chinese Ammonia Market

Hear Argus’ essential analysis of what’s driving China’s ammonia production expansion and exports surge, where this new Chinese supply is coming from, key export destinations, as well as the impact of...

31 Mars 10min

Strait Talk: Crisis in the Gulf

Strait Talk: Crisis in the Gulf

At week 5 of the US-Iran war, disruption in the Strait of Hormuz has removed more than 10 million b/d from global supply and pushed oil markets into extreme volatility. In this special edition update,...

31 Mars 28min

Crude Report: Hormuz disruptions put Canadian export crude in the global spotlight

Crude Report: Hormuz disruptions put Canadian export crude in the global spotlight

John's LI profile: https://www.linkedin.com/in/john-cordner-538059219/ Jeff's LI profile: https://www.linkedin.com/in/jeff-kralowetz-7823299/  In this Crude Report episode, Argus VP of Business Develo...

30 Mars 16min

Metal Movers: How the Iran Conflict Is Impacting Global Non‑Ferrous Metals Markets

Metal Movers: How the Iran Conflict Is Impacting Global Non‑Ferrous Metals Markets

30 Mars 34min

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