Decision to launch tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan price assessment

The new price assessment is aimed at providing market participants with an additional reference point, capturing dynamics beyond the tungsten concentrate, ferro-tungsten and ammonium paratungstate (APT) markets.

It follows the high levels of volatility seen in tungsten markets over the course of 2025 and into 2026, in the wake of various geopolitical developments.

Notice of the extended consultation can be found here.

The new weekly price assessment will be launched on Friday May 29.

The specification is as follows:

MB-W-0006 – Tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan, $ per kg
Quality: Min. 99.8% W, max. 1,000 ppm oxygen
Quantity: Min. 1 tonne
Location: CIF main ports Europe, US, Japan (other incoterms normalized)
Timing: For material arriving within three months
Unit: USD per kg
Payment terms: 30 days (other payment terms normalized)
Publication: Weekly. Friday, 2-3pm London time.

This price assessment will be part of Fastmarkets’ ores and alloys package.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to Fastmarkets’ tungsten prices, please contact us by email at ores_alloys@fastmarkets.com and pricing@fastmarkets.com. Please add the subject heading “re: tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan, $ per kg.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.