Tungsten Prices Double Compared to 2024 Average - September 3, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continue to climb, with prices for major tungsten products roughly doubling from the 2024 average. Meanwhile, market risks are accumulating. Market participants are fluctuating between the allure of high prices and uncertainty, leading to poor overall liquidity in the supply chain. 

Some factories have announced today's holiday, partly to allow for the highly anticipated September 3rd military parade, and partly due to the accumulating risks of high tungsten prices, which have left businesses facing the dual challenges of locking in raw material prices and securing downstream orders. The current tungsten market is characterized by a cautious attitude, with limited buying and selling activity. Market participants are awaiting new price quotes from industry organizations and major tungsten companies, as well as changes in domestic and international political and economic news.

As of press time,

The price of 65% wolframite concentrate was reported at RMB 278,000/ton, a 94.4% increase from the beginning of the year.

The price of 65% scheelite concentrate was reported at RMB 277,000/ton, a 95.1% increase from the beginning of the year.

The price of ammonium paratungstate (APT) was reported at RMB 405,000/ton, a 91.9% increase from the beginning of the year.

Tungsten powder prices were reported at RMB 625/kg, up 97.8% from the beginning of the year.

Tungsten carbide powder prices were reported at RMB 610/kg, up 96.1% from the beginning of the year.

70 ferrotungsten prices were reported at RMB 395,000/ton, up 83.7% from the beginning of the year.

Tungsten scrap rod prices were reported at RMB 440/kg, up 100% from the beginning of the year.

Prices of Tungsten Products on September 3, 2025

Tungsten Price Trend from January to September 3, 2025

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