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US seeks to break China's tungsten grip via Central Asia investments

The United States is seeking to reduce China's dominance in the global tungsten market by investing in mining projects in Kazakhstan. This effort aims to establish a new supply chain for the critical metal, which is essential for industries like oilfield equipment manufacturing. However, analysts believe that overcoming China's established lead in tungsten production and investment will be a significant challenge. AI

RANK_REASON Significant geopolitical and economic effort to diversify supply chains for a critical mineral. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

US seeks to break China's tungsten grip via Central Asia investments

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Significant geopolitical and economic effort to diversify supply chains for a critical mineral. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Mia Nurmamat ·

    China has dominated tungsten for decades. Can US cash in Central Asia loosen its grip?

    The race to loosen China’s grip on tungsten is moving to Kazakhstan, where United States-backed mining projects are attempting to compete in an industry where Chinese investment already has an operating foothold. Global tungsten prices have surged more than 200 per cent since May…