America has a tungsten problem

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America has a tungsten problem

The US will need a lot more tungsten in the future. Where will it come from?

Ned O'Leary

CAGR

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

Cutting and drilling5.0%60%63%66%69%73%77%80%84%89%93%98%
Munitions5.0%10%11%11%12%12%13%13%14%15%16%16%
Semiconductors15.0%5%6%7%8%9%10%12%13%15%18%20%
Photovoltaic15.0%1%1%1%2%2%2%2%3%3%4%4%
Other5.0%24%25%26%28%29%31%32%34%35%37%39%
TOTAL5.9%100%106%112%118%125%132%140%148%157%167%177%
Modeled tungsten demand by application, annual figures indexed to 2025 = 100%. Shaded cells are inputs.

Global tungsten production, by year

Figures in metric tons

Source: USGS Mineral Commodity Summaries.

US tungsten imports for consumption, by year

Figures in metric tons

Source: USGS Mineral Commodity Summaries.