CME Group announced it will launch tungsten futures to meet rising demand in its
metals suite; the contract is expected to begin trading no later than Q1 2027,
subject to regulatory review. Global tungsten output is roughly 85,000–95,000
tonnes annually; at current spot prices the market exceeds $20 bln. The US, EU,
Japan and India have designated tungsten a critical mineral. An active spot
market exists but there is currently no tungsten futures market.
