business π‘οΈ US restricts tungsten and battery metal exports
The U.S. Department of Commerce is implementing a one-year restriction on exporting black mass and tungsten waste without a license. This action follows a Presidential Determination declaring recoverable critical minerals essential for national defense. The rule targets black mass from recycled lithium-ion batteries and tungsten scrap, mandating domestic sales. This move aims to secure critical mineral supplies amid fragmented global trade and Chinese export controls. The restriction comes as tungsten prices have jumped over 500% in the last year. πΊπΈ