Views: 0 Author: Site Editor Publish Time: 2026-03-05 Origin: Site
The tungsten market has seen a sharp rally in early 2026, with major products breaking key price levels amid tight supply and rising strategic metal demand.
65% wolframite concentrate: 900,000 RMB/tonne, up 95.7% since early 2026
65% scheelite concentrate: 899,000 RMB/tonne, up 95.9%
APT: 1,330,000 RMB/tonne, up 98.5%
Tungsten powder: 2,100 RMB/kg, up 94.4%
Tungsten carbide powder: 2,040 RMB/kg, up 96.2%
Ferrotungsten 70%: 1,280,000 RMB/tonne, up 96.9%
Supply constraints: Strict mining quotas, environmental inspections, declining ore grades, limited new mines, and tax regulation in major producing regions have tightened raw material supply.
Geopolitical risks: Middle East tensions have boosted risk premiums for strategic metals like tungsten.
Demand structure: Strong resilience in high-end sectors (aerospace, electronics, medical equipment), while traditional manufacturing is constrained by high costs. International scarcity remains supportive despite dual-use export controls.
