Trump administration's ban on tungsten scrap exports officially takes effect! U.S. tungsten mining stocks soar this month

【Trump Administration’s Tungsten Scrap Export Ban Officially Comes into Effect! US Tungsten Mining Stocks Surge This Month】On Thursday local time, the Trump administration’s export ban on tungsten scrap and battery scrap officially took effect, marking the latest move by the US to retain key strategic resources domestically. In the US stock market, some tungsten mining stocks have seen a sharp rise this month. Market data shows that the share price of tungsten miner Almonty Industries jumped another 3.6% on Thursday and is on track for its best monthly performance since June 2025, with gains so far reaching as high as 70%. Another tungsten miner, American Tungsten, has also seen its share price rise significantly so far this month.