In November 2025, China's tungsten market overall showed a firm upward trend. In November, the average price of 65-degree wolframite concentrate was RMB 322,100/ton, increased by 124.50% year-on-year; ammonium paratungstate averaged RMB 4,475,400/ton, increased by 124.95% year-on-year; tungsten powder averaged RMB 750.50/kg, increased by 137.46% year-on-year; tungsten carbide powder averaged RMB 725.00/kg, increased by 133.08% year-on-year; waste tungsten bar averaged RMB 472.75/kg, increased by 117.67% year-on-year.
