Six Holes, 3,050 Feet and a Federal Deadline: Nevada Tungsten Moves Toward the Drill

Market Updates News Commentary - The global tungsten market is valued at approximately $6.66 billion in 2026 and is projected to reach about $9.62 billion by 2030, a compound annual growth rate of roughly 9.6%, according to The Business Research Company. In the United States, the bigger story is where that tungsten will come from. Beginning January 1, 2027, U.S. defense procurement rules restrict tungsten sourced from China, Russia, Iran and North Korea, and Washington has spent the past month f