Tungsten Prices Fall, Cobalt Prices Double - September 22, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued their weak and stable trend on Monday, with the overall market showing a rational adjustment pattern.

Tungsten raw material suppliers are avoiding excessive profit-taking that could cause market panic, releasing only moderate quantities to maintain liquidity. Tungsten product prices remain supported. Downstream buyers remain cautious, with little initiative in accepting goods. Market inquiries are generally accompanied by price-cutting. Sentiment in the scrap tungsten market is divided, with both low-sell and bottom-fishing activity coexisting, posing a significant risk of supply chain volatility. Overall, the tungsten market remains in a cautious supply-demand balance phase, with limited actual trading volume.

As of press time,

The price of 65% wolframite concentrate was reported at RMB 276,000/ton, down 4.2% from its high and up 93% from the beginning of the year.

The price of 65% scheelite concentrate was reported at RMB 275,000/ton, down 4.2% from its high and up 93.7% from the beginning of the year.

The price of ammonium paratungstate (APT) was reported at RMB 402,000/ton, down 3.8% from its high and up 90.5% from the beginning of the year.

European APT prices are reported at USD 550-645/mtu (RMB 346,000-406,000/ton), up 81.1% from the beginning of the year.

Tungsten powder prices are reported at RMB 635/kg, down 1.6% from their peak and up 101% from the beginning of the year.

Tungsten carbide powder prices are reported at RMB 620/kg, down 1.6% from their peak and up 99.4% from the beginning of the year.

70 ferrotungsten prices are reported at RMB 400,000/ton, down 2.4% from their peak and up 86.1% from the beginning of the year.

European ferrotungsten prices are reported at USD 80-84/kg W (RMB 398,000-418,000/ton), down 2.2% from their peak and up 86.4% from the beginning of the year.

Tungsten scrap bar prices are reported at RMB 385/kg, down 13.5% from their peak and up 75% from the beginning of the year.

In the cobalt market, the Democratic Republic of the Congo (DRC) plans to extend its cobalt export ban until October 15, 2025, and implement an export quota policy starting October 16. The export quota for October-December 2025 is 18,125 tons (3,625 tons in October, 7,250 tons in November, and 7,250 tons in December, respectively). The annual maximum export volume in 2026 and 2027 is 96,600 tons (including a basic quota of 7,250 tons per month and a strategic quota of 9,600 tons per year). According to Chinatungsten Online, since the DRC announced the suspension of cobalt exports on February 22, the price of cobalt powder has risen approximately 97% to RMB 325/kg.

Prices of Tungsten Products on September 22, 2025

Tungsten Price Trend from January to September 22, 2025

• < Prev
• Next >