In October 2025, China’s tungsten prices were stable first and then rose. In October, the average price of 65% black tungsten concentrate was RMB 278,200 per ton, increased by 97.80% year-on-year; the average price of ammonium paratungstate was RMB 407,200 per ton, increased by 95.31% year-on-year; the average price of tungsten powder was RMB 626.67 per kilogram, increased by 101.91% year-on-year; the average price of tungsten carbide powder was RMB 611.67 per kilogram, increased by 100.30% year-on-year; and the average price of 70 ferrotungsten was RMB 388,800 per ton, increased by 85.32% year-on-year.
