CME Plans Tungsten Futures For A $20 Billion Market
By Rick Steves
AI summary of the source article
CME Group plans to launch financially settled tungsten futures by early 2027, subject to regulatory review. The contract will settle against Fastmarkets' ammonium paratungstate price assessments to provide forward price discovery and hedging.
Why it matters
CME said the contract is intended to support participants in managing risk as supply chains restructure.
Key facts
- CME Group plans to introduce cash-settled tungsten futures by early 2027, subject to regulatory review.
- The contract will settle against Fastmarkets' ammonium paratungstate price assessment on a duty-unpaid basis at CIF Rotterdam and Baltimore.
- CME's metals complex averaged 1.2 million contracts per day in the first nine months of 2026, a 41% increase year over year.
Source excerpt · FinanceFeeds
CME Group plans to launch financially settled tungsten futures by early 2027, adding a benchmark for a metal with an estimated annual market value above $20 billion and no established futures contract. The CME announcement says the contract will settle against Fastmarkets’ price assessment for ammonium paratungstate, or APT, on a duty-unpaid basis at CIF Rotterdam and Baltimore. The product is des…