A Tungsten Company in Jiangxi Lowered Wolframite Concentrates Prices in the First Half of May

[Tungsten Flash] 2026-08-25, a tungsten company in Guangdong released its long-term procurement offers for the second half of August 2026: 55% wolframite concentrates at 413,000 yuan/standard tonne (65% WO3 basis), 55% scheelite concentrates at 412,000 yuan/standard tonne, and national standard zero-grade APT at 600,000 yuan/mt, all offers including 13% VAT. Compared with the long-term contract in the first half of August, wolframite concentrates were raised by 1,000 yuan/standard tonne, scheelite concentrates were raised by 1,000 yuan/standard tonne, and APT was lowered by 6,000 yuan/mt.

[SMM Tungsten Express] Apollo Minerals has identified additional tungsten mineralization zones at its Couflens project in France, expanding the drill target footprint around the historic Salau mine. Salau was historically one of the world's highest-grade tungsten operations, averaging 1.5% WO₃ over 15 years of production until 1986. The newly defined Veronique-Upper zone previously returned 4.3m at 1.3% WO₃, while the Veronique zone was mined at 2.5% WO₃ in the mine's final year. The company plans to initiate Phase 1 drilling in the near term.

[SMM Tungsten Express] Almonty Korea Tungsten Corp.'s (AKTC) Sangdong mine is emerging as a strategic asset for building a non-China tungsten supply chain for the semiconductor industry. Tungsten hexafluoride (WF6) is a critical specialty gas for 3D NAND, DRAM and HBM deposition processes, with demand rising amid AI-driven growth. China added APT and tungsten oxide to export controls in 2025, tightening supply of high-purity tungsten powder, with electronic-grade WF6 prices reaching RMB 2.5 million/ton by end-June. AKTC is in discussions with major Korean tungsten consumers and plans to commission its tungsten oxide plant by 2028, aiming to establish local processing capability from concentrate to APT to oxide.