national security / supply chain
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CNBC · United States · Antimony supply shortages persist after a 2,600% price spike; tungsten APT surged 557% as Almonty commissioned South Korea's Sangdong mine
CNBC investigation on tungsten's price surge: up 557% since China added tungsten products to its export control list in February 2025. China allows only 15 firms to export tungsten in 2026-2027. The US bans Chinese, Russian, Iranian, and North Korean tungsten from defence procurement effective January 1, 2027. APT (ammonium paratungstate) prices broke $450/MTU.
“Tungsten is up 557% since China's February 2025 controls and the US banned Chinese tungsten from defence procurement from January 2027.”