CME to launch tungsten futures to meet rising demand for critical minerals

What happened: CME said it will launch tungsten futures, with trading expected to begin in early 2027 pending regulatory approvals. The contracts will be financially settled against the Fastmarkets assessment for tungsten ammonium paratungstate on a duty-unpaid, CIF basis in Rotterdam and Baltimore. Key numbers: Global tungsten production is 85,000 to 95,000 metric tons annually, Why it matters: CME said tungsten has an active spot market but currently lacks a futures market. Tungsten has been designated a critical mineral by the US, the European Union, Japan, India and other countries. Coverage: 3 outlets in 24h

CME said it will launch tungsten futures, with trading expected to begin in early 2027 pending regulatory approvals. The contracts will be financially settled against the Fastmarkets assessment for tungsten ammonium paratungstate on a duty-unpaid, CIF basis in Rotterdam and Baltimore.

CME said tungsten has an active spot market but currently lacks a futures market. Tungsten has been designated a critical mineral by the US, the European Union, Japan, India and other countries.