Chinese tungsten concentrate, APT and ferrotungsten all climbed by more than 200% during 2025. We unpack the supply, policy and demand forces behind one of the sharpest moves in the metals market this decade.
After the 2025 spike, mid-2026 saw tungsten and carbide prices retreat more than 55% from their peaks. Here is what the latest data says about the causes — and whether the slide will hold.
Licence requirements introduced in early 2025 did more than move prices — they redirected the entire tungsten value chain. We look at what changes for buyers and toolmakers worldwide.
Tungsten is often called a "hard metal," but its growth story is anything but hard. Three fast-moving industries are quietly rewriting demand for the element.
With primary supply constrained and prices volatile, recycled tungsten is moving from a niche practice to a core supply strategy. Here is why carbide users should care.
Two tools can look identical and perform very differently. The answer usually lies in the carbide grade — grain size, cobalt content and whether the powder is virgin or recycled.