Rising tungsten prices worsen oil drillers' inflation worries

Core Insights - U.S. shale drillers are experiencing increased costs for tungsten, a critical material for industrial tools such as drill bits, due to Chinese export controls that have limited supply [1] Industry Impact - The rise in tungsten prices poses a challenge to U.S. fossil fuel production goals set by President Donald Trump, as higher input costs can affect overall production efficiency and profitability [1]