Tungsten pricing has entered a new phase of extreme volatility and structural tightness. Since mid-February 2026, European Ammonium Paratungstate (APT) prices have surged from $1,650–1,900/MTU to over $3,100/MTU, representing a 63–94% increase in just six weeks. Since the introduction of Chinese export controls in early 2025, tungsten prices have risen more than 550%, significantly outperforming other major commodities. This is not a …

Tungsten pricing has increased more than 200% since 2024, with additional 30%+ gains in recent weeks. Rising costs are impacting every welding operation. Global supply constraints, export controls, and rising demand across defense, aerospace, and advanced manufacturing have pushed tungsten pricing to record levels. With limited supply and continued demand, market conditions are expected to remain tight. For welding operations, …