Australian tungsten miner gets billionaire backing as prices soar

CommoditiesChina curbs fuel concerns over supply for industry, defense and semiconductorsPrices of tungsten, which has a vast range of industrial uses, have surged since last year. (Nikkei montage/Source photos by Reuters)SHAUN TURTONJuly 23, 2026 14:28 JSTCANBERRA -- China's continued squeeze of tungsten supplies is fueling a scramble in Australia and elsewhere to boost output as prices of the strategically vital critical metal soar.