In this episode, Argus explores the forces behind the dramatic surge in global tungsten prices. What began with Chinese export controls has deepened into a structural supply squeeze, leaving both domestic and international consumers struggling with tight availability. Our experts discuss how mining constraints, shifting demand dynamics and limited substitution options are shaping one of the most volatile critical mineral markets of 2026.

Covered in this episode:

• How ageing mines, limited upstream investment and reduced output have created a structural shortage in Chinese tungsten supply
• The impact of China’s export controls on global availability — and why its domestic market is now feeling the squeeze as intensely as overseas buyers
• Whether substitution with molybdenum, niobium, titanium or ceramics can meaningfully reduce demand for tungsten carbide and mill products
• The limits of recycling in Europe and North America — and the scope for China and Japan to expand recycling to ease supply constraints
• When global tungsten prices might peak, how long historically high levels may persist, and how new mine capacity from South Korea, Kazakhstan and Europe could reshape the market from 2027 onward

A focused discussion on India’s stainless steel sector covering industry challenges, government policies, raw‑material dependence, trade agreements, CBAM implications, U.S. tariff barriers, and ISSDA’s priorities for 2026–27.

Key topics covered in the podcast:

• Structural challenges in India’s stainless steel
• Impact of 2026-27 union budget on stainless steel
• Raw‑material security & import dependence
• Trade pressures: EU FTA, CBAM & U.S. Tariffs

As exportações brasileiras de sebo bovino para os EUA despencaram com alterações em políticas de incentivos. No entanto, novos mandatos na Europa e no Brasil prometem realocar volumes e mexer com os preços desse insumo, que é usado na produção de combustíveis, ração animal e itens de higiene e limpeza. Saiba mais acompanhando essa conversa entre Lucas Boacnin, gerente de desenvolvimento de negócios em transição energética da Argus, e João Marinho, responsável por precificação de óleos e gorduras e um dos colaboradores do relatório Argus Brasil Combustíveis.

Alguns dos tópicos debatidos neste episódio:

• Dados sobre a oferta de sebo bovino no Brasil

• Fatores redutores da demanda pelos EUA

• Potencial de crescimento da demanda pela Europa

• Demanda doméstica pela indústria de biodiesel