COMMODITY IN FOCUS: TUNGSTEN

Tungsten (W) is a grey-white, strategically critical metal defined not just by its physical extremes, but by its role within tightly constrained global systems. With the highest melting point of any metal (3,422°C) and exceptional density and hardness, it is most commonly deployed as tungsten carbide, an industrial cornerstone material used in cutting tools, drilling equipment, and wear-resistant applications where failure is not an option. Its performance characteristics approach those of diamond, making it indispensable to modern manufacturing, energy extraction, and defence supply chains.

Viewed through The Art of Markets framework, tungsten is not merely a material, it is a pressure point.

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