Prices of tungsten has climbed sharply in recent weeks, hitting a record high of over $3,000 late last week, marking a surge of well over 50% for the month and more than tripling in price since late December. With over 80% of production concentrated in China, the Iran war is squeezing a global commodities market already pressured by China’s export controls and stockpiling efforts. The surge indicates how ripple effects from the Middle East conflict could end up restricting pr