CME Group to Launch Tungsten Futures in Response to Growing Demand for Critical Minerals
CME Group, the world's leading derivatives marketplace, announced plans to launch a new futures contract for tungsten by early Q1 2027. The move aims to address rising demand and provide market participants with tools to hedge against price volatility and improve transparency in this critical mineral sector. Tungsten is essential across advanced manufacturing and semiconductor technologies and has been designated as a strategic resource by several major economies, including the U.S., E.U., Japan, and India. The futures contract will be financially settled based on Fastmarkets' assessment for tungsten APT (Ammonium Paratungstate) duty unpaid basis CIF Rotterdam and Baltimore. Industry leaders have praised the initiative as a vital step toward stabilizing supply chains and enabling better financial planning in an increasingly volatile market with concentrated global production. CME Group's metals business saw record trading volumes of 1.2 million contracts daily across precious and industrial metals activity during the first nine months of 2026, up 41% year-on-year.
Topics: commodities critical minerals derivatives metals
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