A Guangdong tungsten company lowered its long-term contract prices for the first half of July MoM.

In H1 2026, the tungsten market was largely driven by supply-side dynamics, experiencing a complete cycle of sharp rises and falls before finally retreating from highs to close the half-year. Entering H2, the annual tungsten ore mining quotas have been fully implemented, monthly mine output has stabilized, and there is no significant room for further production cuts or new volume increases.

[Tungsten Express] SMM July 13 News: The tungsten market mainly consolidated on a weak note, with spot market transactions significantly lower than online prices. Last Friday, a Guangdong enterprise sharply lowered its long-term contract prices, and the long-term contract price for 55% wolframite concentrates was set at 411,000 yuan, slightly higher than the spot order transaction price on that day. As of today, the spot wolframite concentrates market experienced some price collapse. Suppliers showed strong willingness to sell, and some traders entered the market to buy at low prices. Market transactions took place below the long-term contract price range, with some medium- to low-grade ore transactions at 380,000-390,000 yuan per standard tonne (65% WO3 basis). High-grade ore prices showed resistance to declines, with transaction prices concentrated around 390,000-410,000 yuan per standard tonne (65% WO3 basis).

【SMM Tungsten Express】Masan High-Tech Materials has signed a partnership with Korea's GB Innovation for tungsten concentrate processing. Masan will process and supply ammonium paratungstate products for the semiconductor industry to GB Innovation. The cooperation marks a direct connection between a Vietnamese company and Korea's high-tech industrial chain, carrying strategic significance amid the global semiconductor and rare metals supply chain restructuring.