Published on 4 Jun 2023 on Insider Monkey via Yahoo Finance

11 Largest Tungsten Producing Countries

In this article, we'll talk about the 11 largest tungsten producing countries. If you want to skim through the details and find the main tungsten titans, read 5 Largest Tungsten Producing Countries. 

Amongst the largest tungsten producing countries, China is the undisputed titan, as its annual tungsten production accounts for 84% of the world's supply. Despite numerous international concerns regarding this significant concentration, China's hold over the market, combined with the country's extensive reserves, continues to cement its position as a primary contributor to the global tungsten industry. Having the largest tungsten deposits in the world resulted in the metal's overproduction in China, which eventually caused a fall in its prices. To mitigate this pricing downfall, the Chinese government has implemented a production ceiling of 91,300 metric tons per year. 

Other top tungsten producing countries are Vietnam and Russia, amounting to 5.7% and 2.7% of 2022 tungsten production, respectively. Tungsten mining is fraught with significant limitations with the pricing not aligning with rising capital mining costs.