APT CIF Rotterdam Rises to $3,185/mtu Amid Strong Demand and Tight Supply; European Scrap Prices Decline

[Tungsten Industry Long-term Contract Information] SMM April 10: A tungsten enterprise in Guangdong released its long-term contract prices for the first half of April. Specifically, 55% wolframite concentrates were priced at 925,000 yuan/standard tonne (65%WO3 basis), 55% scheelite concentrates at 924,000 yuan/standard tonne (65%WO3 basis), with tungsten ore concentrate long-term contract prices down 80,000 yuan/standard tonne (65%WO3 basis) from the second half of March. APT was priced at 1.4 million yuan/mt, down 80,000 yuan/mt from the second half of March (Note: All prices above are inclusive of 13% VAT).

[Tungsten News Flash] SMM April 9: According to customs data, China's total exports of tungsten hexafluoride from January to February 2026 were approximately 64 mt, down 38.9% YoY. Of this, exports to Taiwan, China totaled approximately 30 mt, accounting for 44% of total exports from January to February. Exports to Malaysia totaled approximately 20.3 mt, accounting for 35% of total exports from January to February. Exports to Japan were around 6 mt, with exports to Japan in February dropping to zero.

[SMM Tungsten Express] Allied Critical Metals is advancing a fully funded 20,000m drilling program at the Borralha tungsten project in Portugal. The Venise breccia has intersected over 200m of continuous mineralization, located just 400m from the Santa Helena breccia complex, implying potential for co-developable orebodies. Borralha has been formally designated by idD Portugal Defence as a project of strategic national importance for EU/NATO tungsten supply.