Monthly Tungsten Market Report Apr 2025

Content

1. Market Highlights 2
2. Economy and Policy 2
2.1 China to impose additional 34% tariff on all US imports 2
2.2 China raises tariffs on US imports from 34% to 84% 2
2.3 China raises tariffs on imported US products to 125% 2
2.4 World Trade Organization revises global trade forecast 2
2.5 China's Q1 foreign trade hits all-time high 2
2.6 Apple promotes recycled aluminum, rare earth elements, and 13 other materials 2
2.7 International Monetary Fund lowers global growth forecast 2
3. Market Movements 2
3.1 Market Movements in China 2
3.1.1 EXW prices for Chinese tungsten concentrate 65%min 3
3.1.Asian Metal Copyright5-7.Asian Metal Copyright2 EXW prices for Chinese APT 88.5%min 3
3.1.Asian Metal Copyright1.Asian Metal Copyright3 EXW prices for Chinese tungsten oxide 99.95%min 3
3.1.Asian Metal Copyright3 FOB prices for Chinese tungsten oxide WO3 99.Asian Metal Copyright4 EXW prices for Chinese tungsten carbide powder 99.Asian Metal Copyright12 Prices for Chinese tungsten scrap anvil 90%min Ex-VAT delivered 5 3.Asian Metal Copyright8%min 2.Asian Metal Copyright1.Asian Metal Copyright5-7.0μm 3
3.1.Asian Metal Copyright14% MoM in March 2025 11 6.Asian Metal Copyright5 EXW prices for Chinese tungsten powder 99.Asian Metal Copyright1.Asian Metal Copyright95%min 2.Asian Metal Copyright3.Asian Metal Copyright5-7.0μm 3
3.1.6 EXW prices for Chinese ferrotungsten 75%min 4
3.1.7 EXW prices for Chinese ferrotungsten 70%min 4
3.1.Asian Metal Copyright2.Asian Metal Copyright8 EXW prices for Chinese tungsten bar 99.9%min 4
3.1.9 EXW prices for Chinese sodium tungstate 68%min 4
3.1.10 Prices for Chinese tungsten grinding sward scrap W70%min Co5%min (Ex-VAT delivered) 4
3.1.11 Prices for Chinese tungsten scrap CNC cutting blade W70%min (Ex-VAT delivered) 5
3.1.12 Prices for Chinese tungsten scrap anvil 90%min (Ex-VAT delivered) 5
3.1.13 Prices for Chinese tungsten scrap drill 70%min (Ex-VAT delivered) 5
3.2 Export Market Movements 5
3.2.Asian Metal Copyright7 International Monetary Fund lowers global growth forecast 2 3.Asian Metal Copyright1 FOB prices for Chinese APT 88.5%min 5
3.2.Asian Metal Copyright95%min 2.Asian Metal Copyright2 FOB prices for Chinese tungsten carbide powder 99.Asian Metal CopyrightContent 1.Asian Metal Copyright8%min 2.Asian Metal Copyright1 APT Jiangxi Xinsheng suspends APT production 7 4.Asian Metal Copyright5-7.0μm 5
3.2.Asian Metal Copyright1 EXW prices for Chinese tungsten concentrate 65%min 3 3.Asian Metal Copyright3 FOB prices for Chinese tungsten oxide WO3 99.95%min 6
3.2.4 FOB prices for Chinese ferrotungsten 75%min 6
3.2.Asian Metal Copyright6 EXW prices for Chinese ferrotungsten 75%min 4 3.Asian Metal Copyright5 FOB prices for Chinese tungsten bar W-4 99.9%min 6
3.3 Market Movements Abroad 6
3.3.1 FOB prices for African tungsten concentrate 50%min 6
3.3.Asian Metal Copyright2.Asian Metal Copyright2 Prices for European APT 88.5%min in warehouse Rotterdam 6
3.3.3 Prices for European ferrotungsten 75%min in warehouse Rotterdam 7
4. Company News 7
4.1 APT Jiangxi Xinsheng suspends APT production 7
4.2 Hunan Gold reports annual antimony and tungsten production results 7
4.3 CMOC sees higher Q1 production for copper, cobalt, niobium, and tungsten 7
4.4 CMOC delivers strong first-quarter performance 7
5. Producers Statistics 7
5.1 Data on tungsten concentrate 7
5.1.Asian Metal Copyright4 China's blue tungsten oxide export market sees zero export volume in March 2025 11 6.Asian Metal Copyright1 Chinese tungsten concentrate producers' operating rate down by 11.11% YoY in April 7
5.1.Asian Metal Copyright28% MoM in April 10 5.Asian Metal Copyright2 Chinese tungsten concentrate producers' output down by 15.03% YoY in April 8
5.1.3 Chinese tungsten concentrate producers' stocks down by 100% YoY in April 8
5.2 Data on APT 9
5.2.Asian Metal Copyright2 Chinese tungsten concentrate producers' output down by 15.Asian Metal Copyright1 Chinese APT producers' operating rate down by 3.65% YoY in April 9
5.2.Asian Metal Copyright1 EXW prices for Chinese tungsten concentrate 65%min 3 3.Asian Metal Copyright2 Chinese APT producers' output down by 6.99% YoY in April 9
5.2.3 Chinese APT producers' stocks down by 100% MoM in April 9
5.3 Data on tungsten carbide 10
5.3.Asian Metal Copyright Market Highlights 2 2.Asian Metal Copyright1 Chinese tungsten carbide producers' operating rate down by 5.28% MoM in April 10
5.3.Asian Metal Copyright7 International Monetary Fund lowers global growth forecast 2 3.Asian Metal Copyright2 Chinese tungsten carbide producers' output down by 3.91% MoM in April 10
5.3.3 Chinese tungsten carbide producers' stocks stable YoY in April 11
6. Import and export statistics 11
6.1 China's APT export market sees zero export volume in March 2025 11
6.2 China's tungsten carbide export market sees zero export volume in March 2025 11
6.3 China's tungsten powder export volume up by 117.14% MoM in March 2025 11
6.4 China's blue tungsten oxide export market sees zero export volume in March 2025 11
6.5 China's yellow tungsten oxide export market sees zero export volume in March 2025 12


.Asian Metal Copyright5 China's Q1 foreign trade hits all-time high 2 2Asian Metal Copyright