After closing H1 with a 21.89% increase, wolframite concentrate continued to rise overall in July. The main factors driving the recent rise in tungsten prices were the tight supply of raw materials in the wolframite ore market, suppliers' strong reluctance to budge on prices and their tendency to hold onto their stocks, the scarcity of low-priced supplies in the market, and the upward shift in the market's price center. Additionally, the increase in long-term contract quotes by multiple tungsten enterprises in the first half of July boosted the confidence of market participants and drove tungsten prices to be generally stable with a slight rise.