China's metals export controls send price of tungsten higher

Vietnam sees rising interest from Europe as alterative supplier

20250312N Tungsten China

A tungsten mining facility in Zhongshan, China. The country holds an 81% global share in the resource. © Reuters

SHUGO YAMADA

TOKYO -- Prices of tungsten and other industrial metals have risen sharply since China, a vital supplier, tightened export restrictions.

Ammonium paratungstate (APT) is a common source of tungsten and a price benchmark for the metal, which has uses that include ultrahard tools for machining automotive engines.

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