Tungsten Tightens: China's Grip on US Shale
Update: 2025-10-08
Description
U.S. shale drillers are getting hammered by soaring tungsten prices, thanks to Chinese export controls, threatening America's energy ambitions. With prices nearly doubling, drill bit costs are skyrocketing, squeezing profits for oilfield service giants like SLB and Halliburton. As OPEC+ ramps up production and oil prices slump, can U.S. energy firms survive this perfect storm of rising costs and shrinking margins?
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