Tungsten carbide prices continue to rise, presenting new challenges for industry supply chains.

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The global tungsten carbide market has recently experienced significant price fluctuations. Prices of key raw materials, such as tungsten concentrate and the intermediate product APT (ammonium paratungstate), have continued to rise, pushing the price of tungsten carbide to multi-year highs. This market shift will have far-reaching implications for several downstream industries, including cemented carbide, cutting tools, and wear-resistant components.

According to industry monitoring data, the cumulative increase in tungsten carbide prices has approached 400% compared to the same period last year. This price surge is primarily driven by the following factors:

  • 1. Tight raw material supply: Enhanced environmental regulations in major global tungsten-mining countries have restricted operations at some mines, reducing the supply of tungsten concentrate.
  • 2. Rising energy costs: Tungsten carbide production is an energy-intensive process and sharp increases in global energy prices have significantly elevated production costs.
  • 3. Steady growth in downstream demand: Manufacturing recovery has boosted demand for cemented carbide tools, while sectors such as new energy and aerospace continue to require high-performance materials.

As a key raw material for cemented carbide, any price increase for tungsten carbide will be passed on to multiple end-use sectors, including those manufacturing cutting tools, drilling equipment and wear-resistant components. In the short term, enterprises in the middle and lower parts of the industrial chain will face cost pressures.

In response to these market shifts, our company is implementing various measures to protect customer interests.

  • Optimising supply chain management: – Deepening strategic partnerships with core suppliers to ensure a stable supply of high-quality raw materials;
  • Enhancing production efficiency: Reducing energy consumption per unit through technological upgrades to alleviate cost pressures
  • Strategic inventory adjustments: Implementing scientific inventory management based on market forecasts to mitigate the impact of price volatility
  • Product innovation: Strengthening R&D for high-end products to enhance value-added features and market competitiveness.

During this period of market fluctuation, we are committed to providing our customers with the following:

  • Transparent communication: – Timely sharing of market intelligence and price dynamics
  • Supply chain stability Prioritising supply security for long-term partners
  • Value-added technical services: We assist customers in optimising their material usage plans and improving application efficiency.
  • Flexible collaboration models: Tailoring partnership solutions to meet customers’ actual needs.
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