The elevated cost associated with tungsten stems from a confluence of factors affecting its supply chain, processing, and inherent properties. This metallic element, prized for its exceptional hardness, high melting point, and density, is subject to market dynamics that contribute to its pricing structure. Understanding these factors provides insight into the economic forces at play.
Its significance in various industrial applications, including lighting filaments, cutting tools, and military hardware, fuels consistent demand. This demand, coupled with the limited geographical concentration of its ore deposits and the complexities involved in its extraction and refinement, creates inherent cost pressures. Historically, geopolitical considerations and strategic stockpiling have also influenced its market value.
