Tungsten News

Tungsten News
Zhangyuan Tungsten Industry’s Net Profit Rose by More Than 20% in 2024 22

Recently, Zhangyuan Tungsten Industry released a report stating that the company achieved operating revenue of 3.673 billion yuan in 2024, a year-on-year increase of 8.02%; operating profit of 224 million yuan, up 27.89% year-on-year; net profit attributable to the parent company of 177 million yuan, up 23.25% year-on-year; non-GAAP net profit of 185 million yuan, up 36.41% year-on-year; and basic earnings per share of 0.15 yuan, up 25.00% year-on-year. By the end of the reporting period, total assets reached 4.95…

Tungsten News
Tungsten Powder and Tungsten Waste and Scrap Prices Under Pressure 18

Analysis of latest tungsten market from Chinatungsten Online The overall trend of tungsten prices remains in a stalemate, showing weak stability. The complex international political and economic environment, coupled with sluggish industry demand, continues to exert bearish pressure on market sentiment. Recently, buyers have turned pessimistic, while sellers are cautious about selling, awaiting new quotes from institutions and tungsten companies, as well as signals from the recent National People’s Congress. The price of 65% wolframite concentrate is hovering around $20,140.8/ton.…

Tungsten News
Tungsten Market Faces Evident Supply-Demand Imbalance 54

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices remain stable for now, with no significant updates on the supply side. On the demand side, constrained by the complex international economic environment and foreign trade conditions, market sentiment has been generally weak recently. Due to the limited availability of tungsten ore resources, the market has shown relative resistance to price declines, and negotiations continue with caution. In the tungsten concentrate market, the “tight supply” situation supports a relatively firm…

Tungsten News
Prices of APT & Tungsten Waste and Scrap Decline 53

Analysis of latest tungsten market from Chinatungsten Online On Monday, tungsten prices continued to exhibit a trend of weak stability. The market supply and demand relationship remained at an impasse, and the complex export environment raised concerns about demand for some smelting and alloy products. Recently, the seller market has shown relative weakness, and the tungsten market is under pressure. Participants are waiting to see new quotes from institutions and enterprises at the beginning of the month. The price of…

Tungsten News
Guangxi’s Tungsten Ore Exploration Leads to Fruitful Results in Strategic Mineral Exploration 59

On February 24, according to the Guangxi Zhuang Autonomous Region Bureau of Geology and Mineral Resources, from 2021 to 2024, the bureau carried out mineral exploration work for strategic minerals such as tungsten, rare earths, aluminum, manganese, tin, antimony, zirconium, nickel, fluorite, and other minerals urgently needed by industries such as quartz sand and calcium carbonate, promoting Guangxi’s special exploration to achieve significant results. By the end of 2024, a total of 14 large and medium-sized deposits of strategic minerals…

Tungsten News
China Tungsten Market Declines in February 2025 52

Analysis of latest tungsten market from Chinatungsten Online The overall tungsten market in China showed a downward trend in February 2025. The main factors contributing to the bearish sentiment in the market were: (1) The export control policy for tungsten-related items introduced on February 4, which led to an extension of the short-term export certification process and an overall slowdown in market exports; (2) After the resumption of work following the Spring Festival, the industry supply slightly increased, but demand…

Tungsten News
Tungsten Market Pressured by Weak Demand and Export Issues 55

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices have remained weak, with a stalemate in market supply and demand dynamics. Sellers set prices with reference to the difficulty of replenishing tungsten ore and the long-term contract prices of large tungsten enterprises, while buyers, facing sluggish demand, generally inquire with price reductions. Overall, tungsten market trading is under pressure, and participants are awaiting news related to the National People’s Congress and Chinese People’s Political Consultative Conference in March, as…

Tungsten News
Weak Tungsten Prices, Volatile Cobalt Market 53

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices have exhibited a weak trend, accompanied by negative market sentiment. This is primarily attributed to the recovery cycle of the tungsten raw material supply chain since the first lunar month of the Chinese calendar. However, the demand side remains sluggish, particularly as exports have been affected by certain policies. Consequently, pressures from the overall imbalance between supply and demand in the tungsten market have intensified, leading traders to adopt a…

Tungsten News
Tungsten Waste and Scrap Market Weakens 71

Analysis of latest tungsten market from Chinatungsten Online The tungsten market is under pressure, with insufficient domestic demand incentives and a challenging foreign trade environment. Participants adopt a cautious approach, leading to sluggish market shipments and softened quotes. Despite the relatively tight supply of tungsten ore resources, the release of downstream procurement demand has fallen short of expectations, causing market confidence to decline and transactions to remain weak. Consequently, the price of 65% wolframite concentrate is reported to be around…

Tungsten News
Potential Tungsten and Tin Resources Discovered in Victoria 50

According to media reports, the Resources Victoria, Australia, in collaboration with the United States Geological Survey, has recently completed a study on granites located in central and eastern Victoria. This study has, for the first time, confirmed the potential presence of tin and tungsten resources in these granite regions. Tungsten, an essential industrial metal, plays a crucial role in high-precision manufacturing due to its exceptional hardness and density. It is widely used in the manufacture of cutting tools, drilling equipment,…

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