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Rely on independent tungsten prices anchored to APT 88.5% WO₃ min benchmarks in $/mtu. Fastmarkets assesses the market weekly, capturing firm indications and validated transactions with regional references for CIF Rotterdam & Baltimore (duty-free) and FOB China, alongside tungsten concentrate prices and ferro-tungsten.
The benchmark suite is supported by tungsten price forecasts that quantify price risks and scenarios, and news & analysis that explains the market drivers – all underpinned by over 30 years of tungsten price history reporting and IOSCO-aligned methodology.
You gain access to assessed ranges, long-running history, alerts, and exports through the Fastmarkets platform and API. IOSCO-aligned specifications for APT, tungsten concentrate and ferro-tungsten underpin use in contracts, indexation and risk management.
Access tungsten prices
Gain clarity on the steel market with access to Fastmarkets’ price data
Tungsten APT 88.5% WO3 min cif Rotterdam and Baltimore duty-free, $/mtu WO3
Tungsten APT 88.5% WO3 min, fob main ports China, $/mtu WO3
Tungsten concentrate 65% WO3, in-whs China, yuan/tonne
Tungsten concentrate, basis 50-70% WO3, spot price, cif global, $/mtu WO3
Ferro-tungsten basis 75% W, in-whs dup Rotterdam, $/kg W
Ferro-tungsten export, min 75% fob China, $/kg W
Tungsten market news on policy, trades and spreads affecting APT, concentrate and ferro-tungsten
The global tungsten market in 2026 is marked by extreme volatility driven by geopolitical tensions, trade disputes, and resource nationalism, especially between China and the US. These dynamics have caused significant supply disruptions and price surges across tungsten products.
The US military is seeking proposals to expand domestic production of 13 critical minerals used in defense and high‑tech applications. The initiative aims to reduce reliance on foreign supply chains amid heightened geopolitical tensions and growing risks to global commodities trade.
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
Explore Kazakhstan’s critical minerals role in the global tungsten market amid changing supply chains and rising prices.
Learn about the impact of national security concerns on Chinese tungsten prices and the challenges facing exporters in 2025.
Learn how the tungsten market is affected by China’s export regulations on dual-use items amidst political disputes with Japan.
IOSCO‑aligned methods underpin our tungsten pricing, including defined specifications, survey windows and normalization procedures. Where relevant, assessments are tied to exchange markets and undergo monthly consistency audits.
Market-reflective prices, forecasts and insights for the global metals markets: Our benchmarks and published specifications support procurement, trading, and risk management.
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