Tungsten Prices Surge and Policies Support Drive New Industry Cycle

Analysis of Latest Tungsten Market from Chinatungsten Online 

The tungsten market has been running strongly this year, and the prices of products in the entire industry chain have generally risen, forming a cost deferral and transmission pattern from "tungsten concentrate-tungsten smelting-deep processing of tungsten products". 

Major resource-based enterprises and important smelting enterprises in the industry chain have basically reached a consensus, and their external quotations have demonstrated their tacit understanding of high prices to the industry.

At the national level, in terms of macroeconomic policies, in order to ensure strategic resources and national security and actively respond to the trade war, China has strictly controlled mining and exports, further widening the price gap between domestic and foreign markets, establishing a reference for domestic prices and building a solid bottom of confidence, and the sentiment of rising prices of scarce resources has heated up; in terms of macroeconomics, China has named the Medog Hydropower Station, which has been planned for many years, as the Yarlung Zangbo River Lower Reaches Hydropower Project, and officially started construction. Such a major infrastructure project has expanded the market imagination space for the tungsten industry in a larger and longer time and space dimension, and laid a full and solid foundation for the future long-term tungsten product market and price.

Overall, with the strategic mineral status continuously strengthened and upgraded, the huge incremental release of major projects, and the continuous expansion of demand in emerging fields, the long-term upward movement of tungsten prices has become a foregone conclusion. Of course, the industry also needs to be vigilant against the short-term fluctuations caused by the friction and resistance caused by the low profits in the middle and lower reaches of the industrial chain and the lagging acceptance of terminal consumers.

As of press time,

65% wolframite concentrate is quoted at RMB 184,000/ton, up 28.7% from the beginning of the year.

65% scheelite concentrate is quoted at RMB 183,000/ton, up 28.8% from the beginning of the year.

Ammonium paratungstate (APT) is quoted at RMB 268,000/ton, up 27.0% from the beginning of the year.

Tungsten powder is quoted at RMB 400/kg, up 26.6% from the beginning of the year.

Tungsten carbide powder is quoted at RMB 390/kg, up 25.4% from the beginning of the year.

70 ferrotungsten is quoted at RMB 268,000/ton, up 24.7% from the beginning of the year.

Waste tungsten rods are quoted at RMB 310/kg, up 40.9% from the beginning of the year.

The European APT price is USD 460-485/mtu (equivalent to RMB 292,000-308,000/ton), up 43.2% from the beginning of the year.

The European ferrotungsten price is USD 52.5-53.8/kg W (equivalent to RMB 264,000-270,000/ton), up 20.8% from the beginning of the year.

Prices of Tungsten Products on July 22, 2025

Tungsten Price Trend from January to July 22, 2025

• < Prev
• Next >