In the first three quarters of 2025, the overall trend of China's tungsten market showed a pattern of volatile upward movement, strong rally, and high-level consolidation. From January to September, the average price of 65% black tungsten concentrate was 177,800 yuan per standard ton, increased by 31.53% year-on-year; the average price of ammonium paratungstate was 261,900 yuan per ton, increased by 30.15% year-on-year; the average price of tungsten powder was 393.59 yuan per kilogram, increased by 30.63% year-on-year; the average price of 70 ferrotungsten was 264,300 yuan per ton, increased by 31.51% year-on-year; and the average price of tungsten bar was 443.01 yuan per kilogram, increased by 23.03% year-on-year.
