Tungsten Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Tungsten Price Trend, Index and Forecast
Track the latest insights on tungsten price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
Tungsten Prices Outlook Q3 2025
- USA: USD 78415/MT
- China: USD 80080/MT
- Netherlands: USD 53500/MT
- South Korea: USD 41755/MT
- Germany: USD 64350/MT
Tungsten Price Chart
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During the third quarter of 2025, the tungsten prices in the USA reached 78415 USD/MT in September. The decline in prices during this quarter stemmed from softer procurement activity among downstream alloy and tool manufacturers. Domestic production registered stable availability, while import flows increased due to favorable arbitrage conditions, exerting downward pressure on spot values. Demand from the automotive and energy sectors moved at a measured pace, reducing the urgency for replenishment.
During the third quarter of 2025, the tungsten prices in China reached 80080 USD/MT in September. The marked rise in prices reflected tightened concentrate supply as mining operations faced periodic constraints. Stronger procurement by domestic metallurgy and electronics industries supported sustained buying interest. Producers adopted firmer offers in response to restricted feedstock availability, lifting market sentiment. Export demand strengthened as overseas buyers attempted to hedge against anticipated supply risks, further reinforcing the upward trend.
During the third quarter of 2025, the tungsten prices in the Netherlands reached 53500 USD/MT in September. Upward movement was primarily driven by active procurement from regional automotive and specialty alloy producers. Although import volumes showed steady inflows, buyers expressed increased interest in securing cargoes early due to supply tightening in select global hubs. Market confidence improved as European manufacturing indicators displayed a mild recovery, encouraging forward bookings. Traders maintained firmer quotations in line with heightened replacement costs.
During the third quarter of 2025, the tungsten prices in South Korea reached 41755 USD/MT in September. Prices registered a moderate decline as downstream demand from the electronics and machining industries softened. Import availability increased due to favorable regional market conditions, placing competitive pressure on domestic suppliers. Inventories at trading firms remained adequate, reducing urgency for restocking. Stable raw material inputs limited any significant support from the cost side.
During the third quarter of 2025, the tungsten prices in Germany reached 64350 USD/MT in September. The downward trend reflected cautious purchasing behavior from industrial consumers amid moderate production schedules. Availability of imported material remained sufficient, encouraging distributors to offer competitive pricing to maintain volumes. Cost components related to processing and logistics did not exert upward pressure, keeping market fundamentals relatively soft. Although demand from precision engineering and tool manufacturing persisted, it lacked the momentum required to support firmer offers.
Tungsten Prices Outlook Q2 2025
- USA: USD 88805/MT
- China: USD 52510/MT
- Netherlands: USD 45455/MT
- South Korea: USD 43767/MT
- United Kingdom: USD 53395/MT
During the second quarter of 2025, the tungsten prices in the USA reached 88805 USD/MT in June. In the United States, tungsten prices in Q2 2025 were primarily influenced by fluctuations in mining output from domestic secondary producers and increased procurement by the defense and aerospace sectors. Elevated energy and processing costs also played a role, particularly in states with stricter environmental regulations. Additionally, import dependence on Asia created pricing pressure amid elongated shipping times and elevated freight charges.
During the second quarter of 2025, tungsten prices in China reached 52510 USD/MT in June. Tungsten prices in China were impacted by production constraints due to stricter environmental compliance measures in major mining provinces. Demand from the manufacturing and electronics sectors remained stable, while export volumes were influenced by shifting global trade preferences and quota regulations. Rising electricity prices in mining-intensive regions also contributed to higher processing costs for tungsten concentrate and APT.
During the second quarter of 2025, the tungsten prices in the Netherlands reached 45455 USD/MT in June. In the Netherlands, tungsten prices were shaped by elevated demand from the precision tooling and semiconductor sectors. The country’s reliance on imported tungsten intermediates from Asia subjected local prices to currency fluctuations and extended lead times. Importers also faced increased warehousing and handling charges due to tighter European Union regulations on critical raw materials.
During the second quarter of 2025, the tungsten prices in South Korea reached 43767 USD/MT in June. South Korean tungsten prices were driven by heightened demand from the automotive and electronics sectors, particularly for superalloy and hard metal applications. Raw material imports from China and Vietnam were affected by port congestion and regulatory delays. Additionally, limited recycling volumes and increased energy tariffs impacted domestic processing costs for tungsten carbide powders.
During the second quarter of 2025, the tungsten prices in the United Kingdom reached 53395 USD/MT in June. Tungsten pricing in the United Kingdom was influenced by supply constraints from key European and Asian exporters, combined with higher customs clearance costs post-Brexit. Demand from the defense, aerospace, and advanced engineering sectors remained steady. Domestic recyclers faced challenges in securing consistent scrap flow, and higher operational expenses added to overall supply chain cost structures.
Tungsten Prices Outlook Q1 2025
- USA: US$ 87321/MT
- Vietnam: US$ 46170/MT
- Germany: US$ 77356/MT
- South Korea: US$ 45035/MT
- United Kingdom: US$ 52190/MT
During the first quarter of 2025, the tungsten prices in the USA reached 87321 USD/MT in March. As per the tungsten price chart, prices increased due to tight logistics and export limitations imposed by major exporters. Due to industrial growth, which was bolstered by elevated manufacturing production and a robust labor market, prices escalated in the first quarter of this year. Problems with the supply chain, like delays in freight, kept costs rising.
During the first quarter of 2025, tungsten prices in Vietnam reached 46170 USD/MT in March. Supply difficulties, especially as a result of slower Chinese imports and higher demand from the electronics and battery industries, were the main cause of the price hike. As demand increased from the electronics and renewable energy sectors, prices continued to rise toward the middle of the quarter.
During the first quarter of 2025, the tungsten prices in Germany reached 77356 USD/MT in March. The market saw a hike in the price of tungsten in Germany, mostly as a result of supply chain interruptions and pressures on energy costs. Spot prices increased considerably due to labor difficulties and growing energy expenses. Despite these difficulties, the industrial sector remained cautiously optimistic due to the robust demand from the manufacturing and high-tech sectors.
During the first quarter of 2025, the tungsten prices in South Korea reached 45035 USD/MT in March. Price rises were backed by a tight worldwide supply and growing demand from high-tech industries, especially electronics and defense. Throughout Q1, the upward pricing trend was maintained by the economic recovery and increased demand from technology-driven industries.
During the first quarter of 2025, the tungsten prices in the United Kingdom reached 52190 USD/MT in March. Due in significant part to tight market circumstances and rising energy costs, tungsten prices in the UK increased steadily. Supply chain limitations and robust demand from the electronics and high-tech sectors drove up prices. Supply was further constrained by labor issues and the volatility of the energy market, which reduced manufacturing capacity.
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Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing tungsten prices.
Europe Tungsten Price Trend
Q3 2025:
During the third quarter of 2025, the tungsten price index in Europe reflected mixed market sentiment supported by steady industrial consumption across engineering and alloy manufacturing segments. Supply conditions remained moderately tight as regional producers balanced output with demand. Import activity from Asian suppliers displayed periodic constraints, leading buyers to secure material earlier in the quarter. Distributors maintained controlled inventory strategies, contributing to firmer offers. Although manufacturing growth indicators improved, procurement remained disciplined, preventing excessive volatility.
Q2 2025:
As per the tungsten price index, in Europe, tungsten prices in Q2 2025 were influenced by sustained demand from the automotive, aerospace, and precision tooling sectors. Supply chain pressures arose due to limited intra-regional refining capacity and high reliance on imports from Asia. The enforcement of the European Union’s critical raw materials regulations led to increased compliance costs. Additionally, elevated energy prices and labor shortages in key processing hubs contributed to higher manufacturing and distribution expenses.
Q1 2025:
As per the tungsten price index, the market saw a hike in prices. Higher energy costs, limited supply, and robust demand from sectors like electronics and high-tech manufacturing were the main causes of the price hike. Rising energy prices and labor constraints, as well as the ongoing high demand in important industries, drove another hike in tungsten prices. These pressures were reflected in the strong quarterly increase in the spot price of tungsten in Germany.
Detailed price information for tungsten can also be provided for an extensive list of European countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Tungsten Price Trend
Q3 2025:
During the third quarter of 2025, the tungsten price index in North America displayed bearish dynamics influenced by fluctuating procurement patterns in industrial sectors. Demand from aerospace, automotive, and tooling applications remained steady but did not exhibit sharp acceleration. Import volumes increased, providing competitive alternatives to domestic material and softening upward momentum. Inventories among distributors remained sufficient, allowing buyers greater flexibility in sourcing decisions. Cost fundamentals, including energy and freight, held stable, keeping overall input pressures moderate.
Q2 2025:
As per the tungsten price index, in North America, tungsten prices in Q2 2025 were influenced by limited primary production capacity and increased strategic procurement from the defense and aerospace sectors. Importers faced elevated costs due to longer lead times and higher freight charges from Asian suppliers. The industrial machinery and tooling sectors experienced strong demand, while logistical bottlenecks at key ports further strained supply chain consistency.
Q1 2025:
The price index held steady. The quarter-long logistical delays, strategic demand from important industries, and the continuous tightness in global supply were the main causes of this. Due to supply shortages from large exporters and steady demand from the semiconductor and defense industries, tungsten spot prices escalated. Besides, prices were influenced by the industrial recovery, increased manufacturing output, and strong labor market conditions.
Specific tungsten historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Tungsten Price Trend
Q3 2025:
The report explores the tungsten trends and tungsten price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
Q2 2025:
As per the tungsten price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.
Region-wise data and information on specific countries within these regions can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Tungsten Price Trend
Q3 2025:
During the third quarter of 2025, the Asia Pacific tungsten market showed mixed pricing momentum, primarily influenced by supply variations across major producing hubs. Industrial activity improved in several economies, supporting sustained procurement from electronics, machining, and alloy industries. Import behavior varied as buyers adjusted strategies based on regional supply constraints. Stable freight conditions helped maintain predictable landed costs. Distributors managed inventory carefully, ensuring balanced market participation. Although demand remained steady, the presence of fluctuating availability in select areas contributed to occasional firmness in offers.
Q2 2025:
Tungsten prices in the Asia Pacific region were affected by mining policy adjustments in China, which led to production curtailments in key provinces. Robust consumption from the electronics, automotive, and construction sectors in South Korea, Japan, and India placed additional pressure on regional supply. Rising energy prices and stricter environmental enforcement across the region contributed to higher upstream processing expenses.
Q1 2025:
Due to a limited worldwide supply and growing demand from technology-driven industries, tungsten prices grew steadily. At the end of March, the price of tungsten in Vietnam improved dramatically, indicating a major quarterly hike. Due to supply chain disruptions, logistical difficulties, and shortages of raw materials, prices increased in the first quarter. The market was further supported at the end of the quarter by robust demand from the electronics and renewable energy sectors.
This tungsten price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Tungsten Price Trend
Q3 2025
Latin America's tungsten market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in tungsten prices.
Q2 2025:
Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the tungsten price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing tungsten pricing trends in this region.
This comprehensive review can be extended to include specific countries within Latin America.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Tungsten Pricing Report, Market Analysis, and News
IMARC's latest publication, “Tungsten Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the tungsten market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of tungsten at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed tungsten prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting tungsten pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Tungsten Industry Analysis
The global tungsten market size reached 81537.50 Tons in 2025. By 2034, IMARC Group expects the market to reach 98098.10 Tons, at a projected CAGR of 2.08% during 2034. The market is primarily driven by the expanding applications in hard metals, electronics, and advanced manufacturing, and rising demand from aerospace, automotive, and energy sectors.
Latest News and Developments:
- November 2025: Fireweed Metals Corp. completed extensive drilling and engineering support to advance a feasibility study for its Mactung tungsten project on the Yukon–Northwest Territories border. The work came amid tightening global supplies and growing pressure to secure domestic sources of the critical metal.
Product Description
Tungsten, also known as wolfram, is a transitional element that belongs to group VIb of the periodic system, together with molybdenum and chromium. It is a naturally occurring element that is found in the minerals of wolframite and scheelite. It has the highest melting point at 3,410 °C, the highest tensile strength at temperatures of more than 1,650 °C, and the lowest coefficient of linear thermal expansion at 68 °F. It is not oxidized in air at ordinary temperatures and is highly resistant to acids.
In line with this, tungsten does not contain any traces of oxygen and carbon within its chemical composition, which makes it very brittle when put under tremendous stress and force. It is widely used in a wide range of sectors like aerospace and defense, electronics, medical, and energy.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Tungsten |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Tungsten Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of tungsten pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting tungsten price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The tungsten price charts ensure our clients remain at the forefront of the industry.
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