U.S. Tungsten Prices 2025, Size, Trend, Graph, News and Forecast

In Q4 2024, the North American tungsten market registered a modest quarter-on-quarter increase of 0.5%, with Tungsten Bar W-4 (99.9%) CFR San Diego priced at USD 87,800/MT by quarter’s end. This slight upward trend occurred despite ongoing supply chain disruptions and fluctuating demand. The market’s resilience was underpinned by strategic responses to geopolitical and economic headwinds.

In the U.S., the manufacturing sector showed signs of recovery, though remained below pre-pandemic benchmarks. Supply conditions were heavily influenced by global factors, particularly China’s dominance in tungsten processing and the anticipation of a 25% tariff on Chinese imports. This spurred precautionary buying in December, contributing to year-end stockpiling. Tight supply conditions were exacerbated by low mining inventories and scheduled maintenance shutdowns. On the demand side, the aerospace, defense, and electronics sectors provided steady support, while automotive sales saw a notable uptick. However, demand from carbide and hard alloy manufacturers weakened due to reduced orders and narrowing profit margins, reflecting uneven market sentiment. Overall, cautious optimism prevailed, with expectations of strategic recalibration in 2025.

Get Real time Prices for Tungsten: https://www.chemanalyst.com/Pricing-data/tungsten-1606

Tungsten prices in Europe edged up 0.5% quarter-on-quarter in Q4 2024, signaling a stable market environment supported by consistent supply and firm demand across core sectors. In Germany, the market benefited from domestic production enhancements, notably the Saxon Mining Authority’s approval of a new mine in the Ore Mountains. However, elevated energy costs continued to weigh on manufacturing competitiveness.

Demand remained robust, particularly from the defense and automotive industries. Collaborative efforts, such as the production of advanced tank munitions and increased vehicle manufacturing, sustained consumption levels. The aerospace sector also contributed significantly, bolstered by large contracts like Airbus Helicopters’ order for 82 H145M units. Despite lingering supply chain pressures and subdued confidence in manufacturing, stable imports from China and other sources helped maintain equilibrium. By the end of the quarter, Tungsten Bar (99.9%) prices in Germany reached USD 75,872/MT, underscoring the region’s ability to navigate broader macroeconomic challenges.

In Q4 2024, the APAC tungsten market experienced a 1.0% price decline, driven by tepid demand and stable supply. Strategic inventory management across the region helped mitigate volatility, though oversupply in China and restrained downstream procurement continued to suppress prices.

Vietnam’s market performance was mixed. Early-quarter gains were supported by a manufacturing rebound, marked by increased output and new orders. However, persistent supply chain issues and limited post-production stock tempered growth. Initial strength in the automotive sector, spurred by government incentives, faded toward quarter-end as vehicle sales declined. A slowing manufacturing sector and weaker foreign demand further pressured tungsten consumption. While imports played a growing role in meeting demand, inconsistent supply flows and high input costs added complexity. By the close of the quarter, Tungsten Bar W-4 (99.9%) CFR Hai Phong was priced at USD 45,120/MT, reflecting the region’s ongoing market challenges and a cautious near-term outlook.

Get Real time Prices for Tungsten: https://www.chemanalyst.com/Pricing-data/tungsten-1606

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