CME Group on Monday said it will launch tungsten futures to meet rising demand for its metals complex, which registered record volume this year.* The contracts are expected to begin trading in early 2027, pending relevant regulatory approvals, CME said in a statementUS MarketsPowered ByAs on 17 Oct 2026, 01:30 AM ISTS&P 500 Top GainersTarga Resources294.90(4.37%)Diamondback Energy203.95(4.27%)EOG Resources158.01(4.20%)Kinder Morgan34.20(4.20%)Gainers»S&P 500 Top LosersSuper Micro Computer31.63(-9.86%)Coterra Energy32.56(-8.62%)Moderna218.01(-7.82%)Palo Alto Networks342.00(-7.63%)Losers»* With annual production of 85,000 to 95,000 metric tons, the global tungsten market is worth more than $20 billion at current spot prices and has been designated a critical mineral by the US, the European Union, Japan, India and other countries* While tungsten has an active spot market, it currently lacks a futures market, CME said* The contract will be financially settled against the Fastmarkets assessment for tungsten ammonium paratungstate on a duty-unpaid, cost, insurance and freight basis in Rotterdam and Baltimore, CME saidLive Events* Trading in CME Group's metals business set a new record in the first nine months of 2026, with a total of 1.2 million contracts traded daily across precious and industrial metals activity, up 41% year-on-year, the group added.(You can now subscribe to our ETMarkets WhatsApp channel)