
In today’s deeply interconnected global supply chain, the escalating China-US trade friction is having a profound impact on the critical minerals sector. China, which holds the world’s largest tungsten reserves (52.17% of the global total) and production (81.48% of the global total), is facing unprecedented policy and market challenges in its tungsten industry. 1. Complete Blockade of US Tungsten Products’ Access to China According to the announcement by the Customs Tariff Commission of the State Council on April 11, 2025,…