Reported about 5 hours ago
Shares of major Chinese tungsten producers surged following Beijing's announcement of new export controls on critical minerals, including tungsten, in response to U.S. tariffs. Companies like Xiamen Tungsten and Chongyi Zhangyuan saw over a 3% increase as the market speculates on rising prices for tungsten, a key material in defense and energy industries. Analysts note that these controls may significantly impact industries reliant on tungsten, particularly in aerospace and defense, where alternatives are limited.
Source: YAHOO