Monthly Tungsten Market Report May 2025
2025-06-13 17:49:31 【Print】
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Content
1. Market Highlights 2
2. Economy and Policy 2
2.1 China and U.S. reach deal to scale back tariffs 2
2.2 China strengthens control over export of strategic minerals 2
2.3 China adjusts tariffs on US imports 2
2.4 The EU needs to allocate funds of over EUR10 billion for key minerals 2
2.5 China acts to curb excessive competition, support private economy 2
2.6 Guinea designates revoked mining license areas as strategic reserve zones 2
2.7 China launches fourth batch of third round of environmental inspections 2
2.8 Congo expected to reach a mineral agreement with the United States by the end of June 3
2.9 China's non-oil and gas exploration spending rises for fourth straight year 3
3. Market Movements 3
3.1 Market Movements in China 3
3.1.1 EXW prices for Chinese tungsten concentrate 65%min 3
3.1.2 EXW prices for Chinese APT 88.5%min 3
3.1.3 EXW prices for Chinese tungsten oxide 99.95%min 3
3.1.4 EXW prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm 4
3.1.5 EXW prices for Chinese tungsten powder 99.95%min 2.5-7.0μm 4
3.1.6 EXW prices for Chinese ferrotungsten 75%min 4
3.1.7 EXW prices for Chinese ferrotungsten 70%min 4
3.1.8 EXW prices for Chinese tungsten bar 99.9%min 4
3.1.9 EXW prices for Chinese sodium tungstate 68%min 5
3.1.10 Prices for Chinese tungsten grinding sward scrap W70%min Co5%min (Ex-VAT delivered) 5
3.1.11 Prices for Chinese tungsten scrap CNC cutting blade W70%min (Ex-VAT delivered) 5
3.1.12 Prices for Chinese tungsten scrap anvil 90%min (Ex-VAT delivered) 5
3.1.13 Prices for Chinese tungsten scrap drill 70%min (Ex-VAT delivered) 5
3.2 Export Market Movements 6
3.2.1 FOB prices for Chinese APT 88.5%min 6
3.2.2 FOB prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm 6
3.2.3 FOB prices for Chinese tungsten oxide WO3 99.95%min 6
3.2.4 FOB prices for Chinese ferrotungsten 75%min 6
3.2.5 FOB prices for Chinese tungsten bar W-4 99.9%min 6
3.3 Market Movements Abroad 7
3.3.1 FOB prices for African tungsten concentrate 50%min 7
3.3.2 Prices for European APT 88.5%min in warehouse Rotterdam 7
3.3.3 Prices for European ferrotungsten 75%min in warehouse Rotterdam 7
4. Company News 7
4.1 Changling Mining acquires majority stake in nonferrous mining firm 7
4.2 Samsung suspends use of Russian metal manufacturing technology display screens 7
4.3 US Tungsten launches construction of Idaho Imam Tungsten Project construction 8
5. Producers Statistics 8
5.1 Data on APT 8
5.1.1 Chinese APT producers' operating rate up by 20.17% YoY in May 8
5.1.2 Chinese APT producers' output down by 6.99% YoY in April 8
5.1.3 Chinese APT producers' stocks down by 86% YoY in May 9
5.2 Data on tungsten carbide 9
5.2.1 Chinese tungsten carbide producers' operating rate down by 6.47% MoM in May 9
5.2.2 Chinese tungsten carbide producers' output down by 2.19% MoM in May 9
5.2.3 Chinese tungsten carbide producers' stocks basically stable MoM in May 10
6. Import and export statistics 10
6.1 China's APT export market sees zero export volume in April 2025 10
5.2 China exports 8t of tungsten carbide in April 2025 10
6.3 China's tungsten powder export volume up by 117.14% MoM in April 2025 10
6.4 China's blue tungsten oxide export market sees zero export volume in April 2025 11
6.5 China's yellow tungsten oxide export market sees zero export volume in April 2025 11
1. Market Highlights 2
2. Economy and Policy 2
2.1 China and U.S. reach deal to scale back tariffs 2
2.2 China strengthens control over export of strategic minerals 2
2.3 China adjusts tariffs on US imports 2
2.4 The EU needs to allocate funds of over EUR10 billion for key minerals 2
2.5 China acts to curb excessive competition, support private economy 2
2.6 Guinea designates revoked mining license areas as strategic reserve zones 2
2.7 China launches fourth batch of third round of environmental inspections 2
2.8 Congo expected to reach a mineral agreement with the United States by the end of June 3
2.9 China's non-oil and gas exploration spending rises for fourth straight year 3
3. Market Movements 3
3.1 Market Movements in China 3
3.1.1 EXW prices for Chinese tungsten concentrate 65%min 3
3.1.2 EXW prices for Chinese APT 88.5%min 3
3.1.3 EXW prices for Chinese tungsten oxide 99.95%min 3
3.1.4 EXW prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm 4
3.1.5 EXW prices for Chinese tungsten powder 99.95%min 2.5-7.0μm 4
3.1.6 EXW prices for Chinese ferrotungsten 75%min 4
3.1.7 EXW prices for Chinese ferrotungsten 70%min 4
3.1.8 EXW prices for Chinese tungsten bar 99.9%min 4
3.1.9 EXW prices for Chinese sodium tungstate 68%min 5
3.1.10 Prices for Chinese tungsten grinding sward scrap W70%min Co5%min (Ex-VAT delivered) 5
3.1.11 Prices for Chinese tungsten scrap CNC cutting blade W70%min (Ex-VAT delivered) 5
3.1.12 Prices for Chinese tungsten scrap anvil 90%min (Ex-VAT delivered) 5
3.1.13 Prices for Chinese tungsten scrap drill 70%min (Ex-VAT delivered) 5
3.2 Export Market Movements 6
3.2.1 FOB prices for Chinese APT 88.5%min 6
3.2.2 FOB prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm 6
3.2.3 FOB prices for Chinese tungsten oxide WO3 99.95%min 6
3.2.4 FOB prices for Chinese ferrotungsten 75%min 6
3.2.5 FOB prices for Chinese tungsten bar W-4 99.9%min 6
3.3 Market Movements Abroad 7
3.3.1 FOB prices for African tungsten concentrate 50%min 7
3.3.2 Prices for European APT 88.5%min in warehouse Rotterdam 7
3.3.3 Prices for European ferrotungsten 75%min in warehouse Rotterdam 7
4. Company News 7
4.1 Changling Mining acquires majority stake in nonferrous mining firm 7
4.2 Samsung suspends use of Russian metal manufacturing technology display screens 7
4.3 US Tungsten launches construction of Idaho Imam Tungsten Project construction 8
5. Producers Statistics 8
5.1 Data on APT 8
5.1.1 Chinese APT producers' operating rate up by 20.17% YoY in May 8
5.1.2 Chinese APT producers' output down by 6.99% YoY in April 8
5.1.3 Chinese APT producers' stocks down by 86% YoY in May 9
5.2 Data on tungsten carbide 9
5.2.1 Chinese tungsten carbide producers' operating rate down by 6.47% MoM in May 9
5.2.2 Chinese tungsten carbide producers' output down by 2.19% MoM in May 9
5.2.3 Chinese tungsten carbide producers' stocks basically stable MoM in May 10
6. Import and export statistics 10
6.1 China's APT export market sees zero export volume in April 2025 10
5.2 China exports 8t of tungsten carbide in April 2025 10
6.3 China's tungsten powder export volume up by 117.14% MoM in April 2025 10
6.4 China's blue tungsten oxide export market sees zero export volume in April 2025 11
6.5 China's yellow tungsten oxide export market sees zero export volume in April 2025 11
