TREE NEWS reports: China’s A-share tungsten sector traded actively on September 15, with Xianglu Tungsten and China Tungsten and Hightech Materials each up more than 100% year to date. Huatai Securities analyst Xu Yongqi attributed the rally to AI computing demand, geopolitical-driven stockpiling of critical minerals and tight supply. Guojin Securities forecasts domestic tungsten supply of 50,000-52,000 metal tonnes in 2026-2028 against demand of 81,700-93,100 tonnes.
China Tungsten Stocks Surge Over 100% as Tight Supply Persists
AI take
The striking element is the demand mix: AI computing and geopolitical stockpiling are now framed as core drivers of a critical-minerals trade, not just traditional industrial cycles. That shifts tungsten's audience from metals specialists to anyone tracking AI infrastructure supply chains, where the binding constraint may sit upstream of chips. The open question is whether the projected supply-demand gap persists or draws new supply and substitution responses.
Generated by AI for reference only.
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