European Tungsten Market Surged Significantly This Week, APT Rose Over 13%, Scrap Strengthened Simultaneously [SMM Overseas Tungsten Weekly Review]

SMM Report, June 5: Benchmark monthly long-term contract prices for China’s tungsten sector were officially released recently. The Ganzhou Tungsten Association unveiled its June 2026 domestic tungsten forecast prices: 55% WO₃ black tungsten concentrate at RMB 505,000 per metric ton, down RMB 195,000/MT month-on-month; ammonium paratungstate (APT) priced at RMB 760,000 per metric ton, a MoM drop of RMB 260,000/MT;

[Tungsten Flash] SMM June 5: According to sources, the Ganzhou Tungsten Association's forecast prices for the tungsten market in June 2026 are: 55% wolframite concentrates 505,000 yuan/standard tonne (65% WO3 basis), down 195,000 yuan/standard tonne MoM from the May quotation; APT 760,000 yuan/mt, down 260,000 yuan/mt MoM; medium-grain tungsten powder 1300 yuan/kg, down 620 yuan/kg MoM. (All prices include 13% VAT)

[Tungsten News Flash] SMM June 5: On May 29 local time, the DRC Council of Ministers reviewed and approved a special decree, officially incorporating six mineral categories—lithium, tantalum, niobium, tungsten, uranium, and rare earths—into the national strategic minerals list. According to the relevant provisions of the DRC's current Mining Code, strategic minerals are subject to a royalty rate of 10%, while the base royalty rate for ordinary non-ferrous metals is 3.5%. After the new policy takes effect, the royalty costs for local mining enterprises involved in newly designated strategic minerals such as lithium and tungsten will increase to nearly three times the original level. This expansion of the catalog is a significant implementation measure by the country to optimize critical minerals revenue distribution and strengthen control over domestic strategic resources. The policy will be officially implemented through a cabinet enforcement decree.