This Metal Can Deter China’s Military Dominance
Bloomberg 2026-06-30 19:50:02
Context: China's dominance in the global tungsten market, which supplies critical components for military equipment such as bullets and armor plating, is poised to be challenged. Bloomberg Opinion columnist David Fickling visited a remote mine in Australia to explore the factors contributing to this shift. The change is driven by an increase in tungsten production outside of China.
Key Facts
- China currently produces around 80% of the world's tungsten, a metal used in the production of bullets and armor plating, critical components for military equipment.
- Bloomberg Opinion columnist David Fickling visited a remote mine in Australia to investigate the reasons behind the impending change in the global tungsten market dynamics.
- The increase in tungsten production outside of China, including in Australia, is expected to deter China's military dominance by reducing its control over the global supply of this strategic metal.