Authored by Lemuel Daher.
The tungsten market is at historic highs.
Rotterdam
APT pricing of tungsten is US$3,185 per metric tonne unit, representing
an increase of roughly 350% year-to-date, and surging around 900% over
the last twelve months (Stockhead, 2026).
And if you want to know
why tungsten is such an appealing metal right now – here at
MarketSmart, we’d sum the answer up in two words:
Secured Demand.
Tungsten
is essential. It is uniquely hard, uniquely dense, and has the highest
metaling point of any metal. It has key industrial and manufacturing
uses: it’s used in cutting tools, drilling equipment, mining machinery,
etc.
That combination of high density, hardness, and heat
resistance is also what lends the metal toward military defence and
aerospace applications.
In other words, major defense and
aerospace companies like Lockheed Martin, SpaceX, Northrop Grumman, RTX,
General Dynamics, and Boeing are constantly on the lookout for more
tungsten.
But this metal is further secured by the fact that, right now, the West is experiencing a major supply shortage.
As
things stand, China produces over 80% of the world’s tungsten supply.
Now, in light of China’s new export controls on the critical metal, many
Western nations dependent on tungsten imports are having to look
elsewhere for the critical metal.
These geopolitical tensions,
combined with rising defense budgets and the secured demand of tungsten,
play a significant role in the elevation of tungsten on critical
minerals lists.
Despite this, there are currently no operating tungsten mines in North America.
Fox Tungsten Ltd. is perfectly positioned to seize this once-in-a-lifetime opportunity.
FOXT
is focused on making new discoveries and building resources in
proximity to infrastructure on the Company’s 100-percent-owned portfolio
of diversified metals projects in British Columbia. Their ongoing
20,000-meter drill program is fully funded, and is set to both grow and
explore the Fox Project. We can expect this campaign to form the
foundation of an updated resource estimate and a planned PEA in the
first half of 2027.
Fox Tungsten Ltd.
TSXV: FOXT – OTC: FOXTF
Click here for more information.
***
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Works Cited
Batten, K.
(2026, April 23). Stronger for longer pricing sets up tungsten juniors
for development. Stockhead. Stronger for longer pricing sets up tungsten
juniors for development | https://stockhead.com.au/resources/stronger-for-longer-pricing-sets-up-tungsten-juniors-for-development/
Attwood,
J., Lee, A., & Lorinc, J. (2026, March 15). Munitions metal
tungsten outshines gold, copper in 557% rally. Mining.com. https://www.mining.com/web/munitions-metal-tungsten-outshines-gold-copper-in-557-rally
