Possible scenario
Strategic Competition Intensifies
25% Chance
China’s prior export restrictions keep pressure on Western governments and defense suppliers to lock up non-China tungsten. Elmet’s Masan stake is treated as an early move in a larger race for secure critical-mineral supply.
Secondary impacts
- Non-Energy Materials +1.3%
- Industrials -0.1%
Tickers
- ELMT+6.1%
- KMT-1.2%
Portfolio impact
S&P 500+0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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