The price of tungsten has risen more than four times in the past year, and the industry chain is facing a critical period of transformation.

Recently, companies in the tungsten industry chain have initiated a new round of price adjustments, covering various fields such as tungsten raw materials, tungsten alloy cutting tools, and tungsten scrap recycling. Many companies stated in the price adjustment letters that the main reason for the increase in tungsten prices is still the main reason for this round of price increase. As of February 28, the prices of major tungsten products such as tungsten concentrate, ammonium paratungstate, and tungsten powder have all risen by over 400% since the beginning of 2025. "Now it's not called tungsten steel, it's called tungsten gold." Faced with the steadily rising tungsten prices, the person in charge of a cutting tool manufacturing company complained that the current situation for cutting tool processing companies is like being "sandwiched cookies", with upstream raw material prices changing daily, and quotations being valid only for the day, causing purchasing costs to continue to rise. The industry-wide rising trend not only affects the operation of related companies, but also drives the entire industry chain to accelerate transformation. Many industry insiders interviewed said that under this background, upstream mining companies are accelerating the advancement of resource reserves and production efficiency improvement; while midstream and downstream companies are showing obvious differentiation under cost transmission pressure, and must digest the pressure through technological upgrades and process optimization.