# CME to launch tungsten futures to meet rising demand for critical minerals — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-19 12:05 ingested 2026-10-20 02:51

[original source ↗](https://economictimes.indiatimes.com/markets/us-stocks/news/cme-to-launch-tungsten-futures-to-meet-rising-demand-for-critical-minerals/articleshow/135048438.cms)

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* The contracts are expected to begin trading in early 2027, pending relevant regulatory approvals, CME said in a statement
* With annual production of 85,000 to 95,000 metric tons, the global tungsten market is worth more than $20 billion at current spot prices and has been designated a critical mineral by the US, the European Union, Japan, India and other countries
* While tungsten has an active spot market, it currently lacks a futures market, CME said
* The contract will be financially settled against the Fastmarkets assessment for tungsten ammonium paratungstate on a duty-unpaid, cost, insurance and freight basis in Rotterdam and Baltimore, CME said
* Trading in CME Group's metals business set a new record in the first nine months of 2026, with a total of 1.2 million contracts traded daily across precious and industrial metals activity, up 41% year-on-year, the group added.
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document fetched 2026-10-20 02:51
