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The consultation was originally launched on April 8 and was open until May 8, with a launch due by May 15, subject to market feedback.
This has now been extended to May 26, and a decision on the consultation will be published by May 29.
The consultation considers launching a new tungsten metal bar price assessment, with the aim of providing market participants with an additional reference point, capturing dynamics beyond the tungsten concentrate, ferro-tungsten and ammonium paratungstate (APT) markets.
It follows the successful launch in December 2025 of the price assessment for tungsten concentrate, basis 50-70% WO3, spot price, cif global.
The proposed specifications are as follows:
Tungsten unwrought metal bar, 99.8% min W, spot price, CIF main ports Europe, US, Japan, $ per kgQuality: Min. 99.8% W, max. 1,000 ppm oxygenQuantity: Min. 1 tonneLocation: CIF main ports Europe, US, Japan (other incoterms normalized)Timing: For material arriving within three monthsUnit: USD per kgPayment 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.
The launch was originally scheduled to take place on May 15. Subject to market feedback, it will now take place on May 29.
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 pricing@fastmarkets.com and ores_alloys@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.