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Tungsten concentrate soars to 350,000.
A Look at Tungsten Prices as of December 4, 2025
Tungsten Market Trends as of December 4, 2025
Tungsten prices continue to rise, standing tall and vigorous like a resilient pine in the snow; downstream end-users, meanwhile, are under pressure—much like the string of a powerful crossbow, easily stretched yet prone to breaking. At present, market participants find it difficult to predict when prices will reach their peak, making procurement and operational decisions increasingly challenging. Industry insiders believe that in the short term, supply-side constraints and sentiment-driven factors will continue to dominate the market, making tungsten prices more likely to rise than to fall. In the medium to long term, whether prices can sustain their high levels will depend on the ability of downstream sectors to absorb demand and on how the broader macroeconomic and political environment evolves. Moreover, as we approach year-end, companies’ stockpiling activities, demand for cashing in on assets, and financial settlement arrangements could all become potential triggers of market volatility.
As of press time,
The price of 65% black tungsten concentrate was reported at 350,000 yuan per metric ton, up 144.8% from the beginning of the year.
The price of 65% scheelite concentrate was reported at 349,000 yuan per metric ton, up 145.8% from the beginning of the year.
The price of ammonium paratungstate (APT) was reported at 515,000 yuan per ton, up 144.1% from the beginning of the year.
The European APT price is quoted at USD 735–780 per tonne (equivalent to RMB 460,000–488,000 per tonne), up 129.6% from the beginning of the year.
The price of tungsten powder is reported at 815 yuan per kilogram, up 157.9% from the beginning of the year.
The price of tungsten carbide powder is reported at 785 yuan per kilogram, an increase of 152.4% compared to the beginning of the year.
The price of cobalt powder is reported at 510 yuan per kilogram, a 200% increase from the beginning of the year.
The price of 70 tungsten iron was reported at 475,000 yuan per ton, up 120.9% from the beginning of the year.
European ferrotungsten prices are reported at US$94–96 per kilogram of tungsten (equivalent to RMB 465,000–475,000 per ton), up 115.9% from the beginning of the year.
The price of waste tungsten rods is reported at 500 yuan per kilogram, up 127.3% from the beginning of the year.
The price of waste tungsten drill bits is reported at 475 yuan per kilogram, an increase of 108.3% compared to the beginning of the year.
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