U.S. Considers Financing Major Tungsten Project in Kazakhstan to Diversify Mineral Supply Chains

Published: Feb 13, 2026 10:58

Save

[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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

European Tungsten Scrap Prices Rise, Indian FOB Prices Stable

[SMM Tungsten Express] As of Feb 19, European tungsten scrap prices rose: scrap drill tips at €80-100/kg, avg €90/kg, up 12.5% WoW; scrap carbide blades at €89/kg. Indian FOB prices stable: drill tips $106-110/kg, blades $102-106/kg.

Common.Time.minsAgo

European Tungsten Prices Continue Upward Trend, APT CIF Rotterdam Up 13.6% WoW

[SMM Tungsten Express] As of Feb 19, European tungsten prices continued their upward trend. APT CIF Rotterdam port is quoted at $1,750-1,850/mtu, averaging $1,800/mtu, up 13.6% WoW. Ferrotungsten Rotterdam warehouse is quoted at $195-205/kg W, averaging $200/kg W, up 1.5% WoW.

Common.Time.minsAgo

European Tungsten Market Surged Significantly This Week, APT Rose Over 13%, Scrap Strengthened Simultaneously [SMM Overseas Tungsten Weekly Review]

[SMM Overseas Tungsten Weekly Review: European Tungsten Market Surged This Week with APT Up Over 13% and Scrap Also Strengthened] As of February 19, prices for tungsten raw materials and scrap in the European market climbed across the board. SMM data showed that the average CIF Rotterdam price for ammonium paratungstate (APT) was $1,800/mtu, up 13.56% WoW; the average price for ferrotungsten was $200/kg W, up 1.5% WoW. The scrap market also strengthened, with the average price for European scrap tungsten drill bits at €90/kg, up 12.5% WoW; offers for scrap tungsten alloy blades rose to €89/kg. In the Indian scrap tungsten market, offers held steady, with FOB prices basically flat WoW.

Common.Time.minsAgo