Tungsten's price doubles, essential for defense, tech, and other critical industries

Liz Claman presents a sample of wolframite, a form of tungsten, noting its remarkable density. Lewis Black, Chairman and CEO of Almonty Industries, details the metal's price surge, which has increased from $80,000 to $180,000 a ton. He explains that tungsten is highly sought after by US consumers for its critical role in wear-resistant metals for jet engines, ammunition, mining, and cutting equipment, as well as in semiconductors, due to its need for a homogeneous product.