7/107 sources · 7 publishersUpdated Oct 19, 11:01 UTC
CME Group to launch financially settled tungsten futures in early Q1 2027
CME Group announced that it will introduce a tungsten futures contract, with trading slated for early Q1 2027, subject to regulatory approval. The contract will be financially settled using Fastmarkets’ APT assessment for CIF Rotterdam and Baltimore. CME cited the $20 billion‑plus global tungsten market and record metals‑business volumes in 2026 as drivers for the new product.
Why it matters
The launch adds a new revenue stream for CME and gives market participants a hedging tool for a critical mineral that currently lacks a futures market (the company says).
Key facts
- 1Trading is expected to start by early Q1 2027, pending all relevant regulatory reviews. prnewswire.com
- 2The contract will be listed on COMEX and financially settled based on Fastmarkets’ tungsten APT assessment for CIF Rotterdam and Baltimore. securities.io
- 3The global tungsten market produces 85,000‑95,000 metric tons annually and is valued at over $20 billion based on current spot prices. prnewswire.com
- 4CME’s metals business recorded 1.2 million contracts traded daily in the first nine months of 2026, up 41% year‑on‑year. prnewswire.com
- 5Each contract represents 88.5 metric‑tonne units of WO3, priced in U.S. dollars per mtu with a $0.50 minimum price increment. securities.io
- 6The contract will be cleared through CME ClearPort and available for block trading with a minimum of two contracts. securities.io
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.