Analysis of Latest Tungsten Market from Chinatungsten Online
On August 15, 2025, Chinatungsten Online published an article pointing out that the tungsten industry had ushered in a "milestone moment that will be recorded in history," when the price of tungsten concentrate broke through RMB 200,000/ton, the price of APT reached RMB 300,000/ton, and the price of tungsten powder soared to RMB 450,000/ton. At that time, in the comments section of the article, some followers of Chinatungsten Online had already boldly predicted that the price of tungsten powder would reach RMB 800/kg.
Today, in just three and a half months, this prediction has come true! Tungsten prices have surged, with tungsten concentrate reaching RMB 340,000/ton! APT reaching RMB 500,000/ton! Tungsten powder reaching RMB 800,000/ton!
From RMB 450,000/ton to RMB 800,000/ton, the price of tungsten powder increased by nearly 78% in less than 120 days! And if we extend the period to RMB 316,000/ton at the beginning of the year, the cumulative increase in 2025 has exceeded 153%. This surge in price has been phenomenal in its intensity, stability, and continuity: since its start in late March, despite brief minor pullbacks, each round of price increases has almost invariably surpassed previous highs, exhibiting a rare one-sided bullish trend.
Reviewing this year's super-market trend, its driving force has transcended the characteristics of ordinary commodities, reflecting more of a revaluation of the strategic resource's value. Industry insiders believe that if supply increases remain limited, and with capital and expectations resonating, tungsten prices will likely maintain their strength.
Currently, tungsten powder at RMB 800/kg is a reality, but will RMB 1,000/kg be the next target? When do you think this will occur? Or where exactly is the peak of this cycle? We sincerely invite you to leave your insightful comments in the comment section!
Latest Tungsten Market Prices:
65% wolframite concentrate is priced at RMB 342,000/ton, up 139.2% from the beginning of the year.
65% scheelite concentrate is priced at RMB 341,000/ton, up 140.1% from the beginning of the year.
Ammonium paratungstate (APT) is priced at RMB 500,000/ton, up 137% from the beginning of the year.
European APT is priced at USD 735-780/mtu (equivalent to RMB 460,000-489,000/ton), up 129.6% from the beginning of the year.
Tungsten powder is priced at RMB 800/kg, up 153.2% from the beginning of the year.
Tungsten carbide powder is priced at RMB 770/kg, up 147.6% from the beginning of the year.
Cobalt powder is priced at RMB 510/kg, up 200% from the beginning of the year.
70% ferrotungsten is priced at RMB 460,000/ton, up 114% from the beginning of the year.
European ferrotungsten is priced at USD 94-96/kg W (equivalent to RMB 466,000-476,000/ton), up 115.9% from the beginning of the year.
Scrap tungsten rods are priced at RMB 485/kg, up 120.5% from the beginning of the year.
Scrap tungsten drill bits are reported at RMB 458/kg, up 100.9% from the beginning of the year.
Prices of Tungsten Products on December 1, 2025
Tungsten Price Trend from January to December 1, 2025
