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Western Tungsten Scramble Heats Up as China Locks Down 80% of Global Supply

Newswire.ca - Wed Feb 11, 7:25AM CST

Issued on behalf of GoldHaven Resources Corp.

USANewsGroup.comNews Commentary 

VANCOUVER, BC, Feb. 11, 2026 /CNW/ -- Tungsten prices have tripled since early 2024, with ammonium paratungstate hitting a record $1,125 to $1,150 per metric tonne unit in China and $1,100 in Rotterdam as Beijing's 2026 Catalogue of Dual-Use Items throttled exports to allied nations[1]. The supply shock has accelerated a broader policy response, with Secretary of State Marco Rubio hosting delegations from over 50 countries at the inaugural Critical Minerals Ministerial at the beginning of the month, where Washington signed eleven new bilateral frameworks and committed more than $30 billion in strategic mineral financing[2]. Against that backdrop, GoldHaven Resources (CSE: GOH), American Tungsten (CSE: TUNG), NGEx Minerals (TSX: NGEX), Eldorado Gold (NYSE: EGO) and Foran Mining (TSX: FOM) are advancing critical mineral assets across North and South America.

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