Bloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can determine the fate of nations.” While the commercial market for tungsten is fairly small, it can be crucial in war manufacturing, due to its high density and melting point. He learned more about tungsten mining and its increasing geopolitical necessity, during a visit to Australia’s Dolphin Mine, w
Stocks & Investing·Aug 3, 2026
Odd Lots: Tungsten Market Is Warning of Upcoming War (Podcast)
Bloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can determine the fate of nations.” While the commercial market for tungsten is fairly small, it can be crucial in war manufacturing, due to its high density and melting point. He learned more about tungsten mining and its increasing geopolitical necessity, during a visit to Australia’s Dolphin Mine, w
Bloomberg Markets1 min readPrimary source
The gist
1-point summary · 1 minBloomberg Opinion columnist David Fickling tells us you can think of tungsten mining as “a century old prediction market for war.” As he writes in a recent piece, tungsten is “a super-element that can determine the fate of nations.” While the commercial market for tungsten is fairly small, it can be crucial in war manufacturing, due to its high density and melting point. He learned more about tungsten mining and its increasing geopolitical necessity, during a visit to Australia’s Dolphin Mine, w
- He learned more about tungsten mining and its increasing geopolitical necessity, during a visit to Australia’s Dolphin Mine, w
Integrity note · The source publication didn't make the full article available — Xela wrote this version from what could be gathered (headline, public summary, and signals). Facts and attributions are preserved; for the original piece in the publisher's own words, read it at Bloomberg Markets.
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