Tungsten prices in 2025 are quite high and have been rising significantly. As of August 2025:
- Tungsten powder is priced around RMB 455 to RMB 580 per kilogram, which is approximately $45 to $85 per kilogram depending on the product form and market conditions. This reflects a strong year-over-year increase of over 50% due to supply constraints and export controls, especially from China, which dominates global tungsten production.
- More processed tungsten products like tungsten carbide can reach around RMB 615 per kilogram (about $84 per kilogram).
- The global market impacts and Chinese export measures have driven prices to a 12-year high on some forms of tungsten, with prices for key intermediates like ammonium paratungstate (APT) up to about $400 per metric ton unit in Europe, translating to significant costs for tungsten metal production.
- Finished tungsten products vary from approximately $25 up to $2500 per kilogram depending on the product type and processing level, but common tungsten products mostly range from $100 to $350 per kilogram.
Overall, tungsten is considered very expensive as a raw material, with prices currently elevated due to supply limits, geopolitical factors, and high demand for its industrial uses.
