Analysis of the potential effects of Uzbekistan’s mineral endowment on the critical mineral supply of tungsten

Abstract

Tungsten appears on the 2018 and 2022 U.S. Geological Survey critical mineral lists in part because of a very high global production concentration in China, which produces almost 83 percent of the world’s mined tungsten. Using known parameters and values from other tungsten mining operations, we created hypothetical scenarios in which three tungsten deposits in Uzbekistan are considered for development. Our results show that all three deposits are likely to be economically viable to develop under 2024 market conditions. If the three studied tungsten deposits were put into production, Uzbekistan could become the third-leading tungsten-producing country in the world and increase world output of tungsten by 2.7 percent. Putting these tungsten deposits in Uzbekistan into production could slightly reduce the tungsten global market concentration, therefore reducing the supply disruption potential for tungsten.