Tungsten Carbide Powder Squeeze: Producers Profit, Converters Struggle

Producers who sell tungsten raw material are reporting strong profits. Companies that turn tungsten powder into finished products report the opposite: costs rose faster than they could pass them on. […]


Tungsten Long-Term Contract Prices Explained: Why Spot Is Back at the Contract

A long-term contract (LTC) price is the price at which a producer sells tungsten ore or APT to a regular customer for a fixed period, usually half a month. It […]


US Tungsten Scrap Export Controls: Why a Scrap Overhang Is Building

A US tungsten developer says export controls on US tungsten scrap, imposed a few months ago, have created some scrap overhang at home. The reason is that US recycling capacity […]


How Much New Tungsten Supply Is Coming Outside China? The Numbers

New tungsten supply outside China is arriving, but in small amounts. The Dolphin mine in Tasmania produced 13,712 metric tonne units (MTU) of tungsten trioxide in the quarter to September […]


Tungsten Recycling Is Growing Fast: What GEM’s +123% Recycled Sales Mean

GEM, one of China’s largest tungsten recyclers, reported shipments of 4,281 tonnes (tungsten carbide basis) of tungsten products made from recovered tungsten in the first three quarters of 2026, up […]


Why Indian Tungsten Scrap Is Selling Above Export Price at Home

On October 30, Indian domestic insert scrap quotes were 111% of their FOB-equivalent value in rupees. A week earlier they were 95%. Domestic buyers are paying more than the export […]


Tungsten Supply and Demand in 2026: Where the Shortage Is

Is tungsten in shortage this year? Both answers are partly true, depending on where you stand. Outside China, supply is tight. Inside China, the market is soft. The shortage is […]


Is the Tungsten Price Surge a US Ban Effect? The Timeline Says Otherwise

A common explanation for tungsten’s run is the US restriction on Chinese-origin tungsten. The dates and the price record do not support that as the main driver. The rule matters, […]


Will Tungsten Trade Like Copper or Tin? CME Futures and the Benchmark Problem

CME plans to list cash-settled tungsten futures on COMEX by early Q1 2027, pending regulatory review. A separate Kalshi contract on tungsten already exists. Does that make tungsten the next […]


The India Premium Has Closed to 9%. History Says Closed Premiums Do Not Stay Closed

On October 23 India’s FOB premium over China drill scrap was 8.9%, against a median of 23% since April. On the surface that says the Indian premium is over. The […]