2025-08-29
Since 2025, tungsten market has experienced a historic surge. Data shows that the price of tungsten-gold ore has soared from 143,000 CNY/ton at the beginning of the year to 245,000 CNY/ton. The price of ammonium paratungstate (APT) has exceeded 365,000 CNY/ton, and the price of tungsten powder has reached 570,000 CNY/ton. The overall price increase for the entire supply chain is approximately 80%, setting new historical highs in both price and increase. This surge is by no means accidental, but rather a "resource storm" created by the combined forces of supply chain contraction, surging demand, policy adjustments, and market hoarding.
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