Interventions by China and the US Make Sought-After Metal Tungsten Scarce, Europe Pays the Top Price

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The price of the extremely hard metal tungsten is going through the roof. Tungsten is used to drill into other metals, to armor machines, and the metal is found in bullets and missiles. In times of global unrest, there is increased demand for the metal, particularly from the defense sector. In a year and a half, the price in Europe has increased ninefold. Because China and the United States are keeping their tungsten domestically, the metal is …