Surge in Tungsten Prices Sparks Global Shortage Warning
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Source: Newsfilter
- Tungsten Price Surge: Tungsten prices have surged fivefold over the past year, now trading at approximately $1,775 per metric tonne due to a near-zero export rate from China, raising severe global shortage warnings that could disrupt supply chains.
- Copper Price Forecasts Rise: According to a Reuters poll, copper prices have jumped above $11,000 per tonne for the first time, with analysts wary of speculative excess as supply deficits widen across base metals markets, potentially impacting company profitability.
- Advancement of Critical Mineral Projects: GoldHaven Resources has appointed Raymond Wladichuk as Technical Advisor, focusing on advancing the Magno Project, where his 15 years of experience in mineral exploration and engineering is expected to enhance drilling permits and strategic planning capabilities.
- Financing Support for Expansion: GoldHaven has secured $2 million in critical mineral flow-through financing aimed at 3D geological modeling and drill planning through 2026, further advancing the development of its Magno polymetallic project in British Columbia.
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Analyst Views on WPM
Wall Street analysts forecast WPM stock price to fall
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 150.830
Low
118.00
Averages
137.91
High
160.00
Current: 150.830
Low
118.00
Averages
137.91
High
160.00
About WPM
Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. The Company has approximately 35 streaming agreements. It also has approximately five royalty agreements. Its portfolio includes a diverse mix of gold, silver, palladium, platinum and cobalt streams from 18 operating mines and 28 development projects. Its operating portfolio includes Antamina, Blackwater, Constancia, Cozamin, Los Filos, Marmato, Neves-Corvo, Penasquito, Salobo, San Dimas, Stillwater & East Boulder, Sudbury, Voisey's Bay, and Zinkgruvan. The Company has also entered into a definitive agreement to acquire the Spring Valley Project located in Nevada, United States of America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Limitations of Gold: While gold has a long history as a store of wealth, its inability to appreciate means it should only represent a small portion of an investment portfolio, especially amid increasing economic and geopolitical uncertainties that challenge gold's appeal.
- Advantages of Royalty Companies: Companies like Franco-Nevada, Royal Gold, and Wheaton Precious Metals provide upfront cash to miners for the right to purchase precious metals at favorable prices in the future, enabling miners to expand without debt while locking in profits for themselves.
- Growth Potential: These companies not only pay dividends but can also grow their businesses by securing new streaming agreements with miners, offering a more direct financial benefit compared to cryptocurrencies and gold, making them suitable for long-term investors.
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See More
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- Resource Estimate Increase: The latest mineral resource estimate shows a 30% increase in indicated resources at the Swanson project, totaling 2.96 million tonnes at 1.69 grams per tonne gold, equating to approximately 160,300 ounces of gold, which enhances the project's feasibility and attractiveness.
- Production Restart Progress: LaFleur is advancing the restart of its Beacon Gold Mill, with production expected to resume in Q2 2026, having already spent about 30% of the total restart budget, indicating proactive management of costs while pushing forward with production plans.
- Improved Financing Position: The company successfully closed C$7.8 million in funding at the end of last year, providing financial backing for the restart of production, which strengthens LaFleur's position in the competitive gold mining market and enhances its project financing capabilities.
See More
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- UiPath Earnings Expectations: UiPath is set to report after Wednesday’s close, with analysts expecting earnings of 26 cents per share on revenue of $464.49 million, as investors will focus on the durability of growth and profitability stabilization and the impact of AI on net new ARR.
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- Investment Strategy: Managed by Tidal Investments LLC, the ETF employs a portfolio option-income strategy to collect option premiums across critical minerals, base metals, and precious metals segments, with the first distribution expected in March.
- Market Context: The launch comes amid a resurgence in the mining sector, with copper prices buoyed by expectations of structural supply deficits linked to electrification and data center expansion, while rare earths and uranium are also in focus as governments push for localized critical mineral supply chains.
- Risks and Opportunities: While MINY offers yield-hungry investors a way to capitalize on metals and mining volatility, the strategy carries typical risks associated with derivatives, commodity cycles, and sector concentration, making it suitable for investors willing to endure fluctuations.
See More
Wheaton Precious Metals Stock Price Volatility Analysis
- Significant Annual Returns: Wheaton Precious Metals has achieved a total return of approximately 109% over the past year, with a year-to-date increase of about 28%, indicating strong market performance despite recent volatility.
- Short-term Price Fluctuations: Although the stock rose 15.3% in the past 30 days, it experienced an 8.7% drop in one day and a 4.1% decline over the past week, reflecting short-term market sentiment instability.
- Future Growth Potential: The company anticipates approximately 40% organic production growth by 2029, driven by expansions at Salobo III and commercial production at Blackwater, which will directly support future revenue and earnings growth.
- Market Valuation Discrepancy: Wheaton Precious Metals closed at CA$206.91, while the market widely considers its fair value to be around CA$190, indicating that optimistic assumptions about future growth may be overly aggressive.
See More
