CME Group to Launch Tungsten Futures to Meet Rising Demand for Critical Minerals

Jin Hennig, Managing Director and Global Head of Metals at CME Group

“Tungsten sits at the intersection of advanced manufacturing, semiconductor technologies and geopolitics, and our clients are increasingly seeking to hedge their exposure and improve price transparency.”

Jin Hennig, Managing Director and Global Head of Metals at CME Group

“CME Group Tungsten futures will join our growing suite of critical minerals and energy transition metal products, providing clients more opportunities to manage risk as global supply chains restructure.”

Quentin Lamarche, CEO, TechMet SCM

“This contract is an important new tool to manage the commercial risks involved in the physical trading and logistics of tungsten.”

Quentin Lamarche, CEO, TechMet SCM

“As critical mineral supply is at the forefront of every major economy, having transparent forward pricing will support reliable, long-term western supply chains.”

Maarten Gassmann, Managing Director, Grondmet

“For our manufacturing clients, tungsten is essential to production but has been difficult to budget for without a forward market.”

Maarten Gassmann, Managing Director, Grondmet

“This contract fills that gap, allowing them to plan their operations with greater cost certainty.”

Raju Daswani, CEO, Fastmarkets

“Growing volatility and concentrated supply are increasing the need for transparent, trusted price benchmarks in the tungsten market.”

Raju Daswani, CEO, Fastmarkets

“The launch of this contract, based on Fastmarkets' tungsten APT assessment, is a significant step in the market's development, connecting physical-market price discovery with new opportunities to manage price risk.”