Sponsored by MarketSmart Communications Inc. on Behalf of Fox Tungsten Ltd.
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 | Stockhead
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
