European Tungsten Prices Surge: APT Up 5.7%, Ferrotungsten Up 11.3% WoW

[SMM Tungsten Express] The U.S. International Development Finance Corporation is considering financing the Severniy Katpar tungsten project in Kazakhstan. One of the world's largest undeveloped tungsten deposits, it holds over 10% of global reserves and is a JV between Cove Kaz Capital and Kazakh state miner Tau-Ken Samruk. U.S. officials called it a landmark investment in Kazakhstan's mining sector, aiming to diversify critical mineral supply chains and implement the U.S.-Kazakhstan critical minerals MOU signed in November 2025.

[SMM Titanium Express] Boeing is exploring Saudi Arabia as an alternative titanium supplier to reduce reliance on traditional sources like Russia. Under Vision 2030, Saudi Arabia has built titanium sponge capacity, with some Boeing suppliers already using Saudi-produced sponge processed to aviation grade. Boeing focuses on downstream titanium, requiring significant processing, certification and investment—adoption depends on business case feasibility. Saudi Arabia aims to become a global titanium supply chain participant and specialized aviation-grade titanium supplier.

[SMM Titanium Express] LB Group announced it plans to acquire a 5.46% stake in Yunnan National Titanium Metal from its subsidiary LB Longfeng Titanium for RMB 234 million. Upon completion, LB Longfeng will no longer hold shares in Yunnan National Titanium. The move marks a key step in integrating titanium industry resources and optimizing ownership structure, strengthening its competitiveness in the titanium metal sector.