Global Tensions in the Tackle Shop: The Great Tungsten Demand, Limits, and Price Increase
Most often when we think of the sinkers and weights we use in fishing, the discourse rarely includes topics of international markets and geopolitical relations. For over three decades now, tungsten, has made a place for itself in the arsenal of tackle equipment for its properties. Tungsten is dense, making it smaller and more sensitive than lead or other metals. It can be found in tiny ice fishing jigs that sink faster, flippin weights that pack a punch while not being too bulky, drop shot weights for deep water where the angler can feel bottom contents better, and more.
Photo Courtesy of Epic Baits
There are a few things about tungsten people must consider. Out of the periodic table of elements, it has the highest melting point of all metallic elements. The melting point of Tungsten is over 6100 degrees fahrenheit (3422 C), compared to lead that melts around 621 degrees (327 C). That being said, this material is not poured in the garage from equipment that is easily ordered. So where does Tungsten come from? Asia. China has an estimated 85% of the market when supplying the globe, also holding the largest known reserves of this metal. Vietnam is the second-largest producer with one of the largest mines outside of China. It is believed that Russia and North Korea both produce significant amounts, but international sanctions and military investment displace market reach. There is a scramble for non-chinese Tungsten as a source due to export restrictions and high demand across different sectors. In South Korea, the Sangdong Mine recently returned to production in March of 2026. At full capacity, it is expected to supply a significant portion of roughly 40% of the world's demand for tungsten.
The Chinese government has placed export controls with strict limits on how much can leave the country by 40-70%. They also have lowered internal quotes to preserve their own supply for the domestic tech and defense industry.
The truth behind demand in the market is that while Tungsten is not only challenging to move across borders, there is also so much more demand for it outside of fishing. Micro-chips, x-ray machines, smartphone vibrators, medical implants, tools- all examples of products that use this metal. With ongoing conflict in the Middle East and Ukraine, demand for tungsten has surged as governments accelerate defense production and secure supply chains for critical military purposes with ammunition, missiles, and armor.
“It is going to double for everybody- not just in fishing weights, but all things that Tungsten is used for.”
With all of these factors, tungsten prices have skyrocketed over the past two years, making our already special pieces of tackle more expensive at the checkout counter. As of March 17, 2026, a metric ton of refined Tungsten has a price tag of over $225,000 USD, compared to roughly $40,000 one year ago. Currently, a one ounce flippin weight costs $8.50 just in the material before you factor in shipping, retail mark up, and shipping. Prices are expected to increase dramatically as new shipments of jigs and weights arrive to your local tackle shop and warehouse.
Click Image for reel explaining the market from a company owner perspective
If you need some or see a deal on it, it may be wise to include them in your next purchase. Stock up while you can.
“We are trying to hold our prices as true as possible, but it is going up. It is not us trying to make more money.”-Brian knighten owner of Epic Baits, had this to say on Instagram.
The ripple effects of things happening on the other side of the world have made their way into the local tackle shop. Epic Baits has a great variety of baits and supplies to choose from. Check out their website at www.epicbaitsfishing.com