What has been the price change of tungsten raw materials since October 2026?
As a strategic rare metal known as "industrial teeth", tungsten raw materials experienced extreme fluctuations in 2026. They rose all the way from the beginning of the year, reached a historical peak in March, and then began to decline in the second and third quarters.
By October, the decline speed of core raw materials such as tungsten concentrate and ammonium paratungstate (APT) slowed significantly. The spot market began to show sporadic price support signals, but the downstream demand remained weak. The recovery in the peak season fell short of expectations. The industry is currently in a stage of oscillation and negotiation after a high-level correction.
It is worth noting that, especially now in late October, the tungsten market has shown marginal changes, with the decline pace slowing down. Moreover, on October 21st, the spot market saw a small rebound, and the daily prices of tungsten concentrate and APT were raised.
From a long-term perspective, the tungsten industry has bid farewell to the era of long-term low prices, and the price center has generally risen. The development focus has gradually shifted from simple resource extraction to recycling of tungsten, high-end hard alloys, semiconductor target materials, precision cutting tools and other high-value-added processing sectors. For purchasing customers, in the future, they need to adapt to the new normal of high tungsten price volatility and use long-term contracts for pricing and product high-endization to hedge against raw material price risks.
If there are customers who have purchasing needs or plans for tungsten-related products, especially tungsten electrodes and tungsten wires, please contact us.
We will provide you with some purchasing suggestions based on our relevant experience and market changes.
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