European Tungsten Market Surges 36%, APT Prices Hit $3,000/mtu Amid Tight Supply Conditions

SMM, March 13th：Recently, the tungsten market has been impacted by factors including the failure of two mineral auctions, leading to a significant weakening of confidence in the raw material market. Downstream enterprises have adopted a strong wait-and-see attitude, with many suspending purchases. Meanwhile, holders have increased their demand for liquidity, resulting in higher market supply. Today, tungsten ore and APT prices have entered a stagflation and sideways consolidation phase.SMM 65% Wolframite Concentrate is quoted at 1.0505 million yuan per standard ton, unchanged from yesterday, with a cumulative increase of 131.6% year-to-date.SMM APT price is quoted at 1.515 million yuan per ton, unchanged from yesterday, with a cumulative increase of 126.1% year-to-date.

[SMM Tungsten Express] A historic milestone for the global tungsten industry: The Sangdong Mine in South Korea will hold its completion ceremony on March 17, officially restarting production. As one of the world's most significant tungsten deposits, Sangdong's revival signals the strengthening of critical minerals supply chains and a new chapter in Korea's leadership in advanced industrial materials.

SMM March 13 News: According to comprehensive information from various market sources, Southern Nonferrous Metals recently held a tender for 200 tons of bismuth ingots. Reliable market sources indicate that the tender was successfully concluded and has already proceeded smoothly to the delivery stage. Based on current credible market information, the transaction price is approximately 160,000 yuan per ton. Market insiders noted that the transaction price is close to the spot market price. Considering the large volume involved, this outcome indeed reflects strong buying interest in the market.