U.S. Government and Industry Collaborate to Diversify Tungsten Supply Chains Beyond China
The U.S. government and industry are actively working to build resilience in tungsten supply chains, focusing on diversifying sources beyond China. This effort extends beyond mine development to include refining, processing, and downstream capacity. Cove Kaz Capital Group, a U.S.-backed critical minerals development company, is playing a significant role by developing strategic resource projects in Kazakhstan. Their Severniy Katpar projects, which could contain approximately 20% of global tungsten reserves, have garnered substantial interest and potential financing support from the U.S. Export-Import Bank (EXIM) and the U.S. International Development Finance Corporation (DFC), totaling up to $1.6 billion. This initiative is part of a broader U.S. strategy to decouple critical mineral supplies from China, which has historically dominated the tungsten market. The goal is to establish an end-to-end resilient supply chain that remains economically competitive without indefinite reliance on government subsidies...
