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Story summary
- Tungsten prices rose above $2,250 per metric ton due to Chinese export restrictions and rising military demand.
- Prices have doubled this year, a 557% rise since February 2025 when China added tungsten to its export control list.
- China accounted for 79% of the 85,000 metric tons mined last year, underscoring its global production dominance.
- Almonty Industries resumed production in South Korea.
- Almonty Industries is exploring new US mines.
