CX Daily: How the Iran War Set Off a Global Scramble for Strategic Metals
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In Depth: How the Iran War Set Off a Global Scramble for Strategic Metals
The war in the Middle East is accelerating a long-simmering global struggle over critical minerals.
The price of tungsten, a metal used in armor-piercing gear and missile counterweights, has surged, with its European benchmark hitting a record $2,250 per ton, up 557% over the past year. Fueled by wartime demand, the metal’s gains have far outpaced those of gold and silver.
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