Tungsten Spot Market Was Active Today, with Prices Rising Across the Industry Chain

Published: Jun 3, 2026 10:39

Save

[Tungsten News Flash] SMM June 3: The tungsten spot market saw active inquiries today. Downstream participants were bullish and entered the market actively, with prices across the industry chain rising across the board. Upstream raw material suppliers had a strong hold-back-from-selling mentality, and suppliers' offers remained firm. Wolframite concentrates spot order transaction prices mainly exhibited wild swings. Today, SMM 65% wolframite concentrates closed at 450,500 yuan/standard tonne (65%WO3 basis), up 10,000 yuan/mt from the previous day. Some spot order quotes approached 500,000 yuan/standard tonne (65%WO3 basis). Attention going forward will be on the pace of mine shipments.

Today, the APT market mainly saw steady increases. The industry engaged in concentrated procurement, and the market transaction center shifted upward. Mainstream transactions were concentrated around 720,000 yuan/mt, with some spot orders already exceeding 750,000 yuan/mt. Smelter offers remained firm. Today, SMM APT price closed at 725,000 yuan/mt, up 20,000 yuan/mt from the previous day, with a cumulative increase of 80,000 yuan/mt recently.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

[SMM Analysis] Tungsten Prices Rally on Long Contract Prices & Tight Spot Supply

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;

11 hours ago

12 hours ago

Ganzhou Tungsten Association Cuts June 2026 Tungsten Product Price Forecast

[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)

12 hours ago

19 hours ago

DRC Adds Six Mineral Categories to Strategic Mineral List

[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.

19 hours ago