Tungsten
Overview
The metal with the highest melting point, essential for hardmetals, cutting tools, aerospace components, and military applications. China controls 83% of global mining output.
Strategic Relevance
Subject to Chinese export restrictions and 25% US tariffs since December 2024. Irreplaceable in cutting tools and defense applications.
Applications
Price History
Historical price trend (USD/kg or USD/tonne)
Physical Properties
- Density
- 19.25 g/cm³
- Melting Point
- 3,422°C
- Atomic Number
- 74
- Category
- Transition Metal
Supply Concentration
- China83%
- Vietnam4%
- Russia2%
- Australia3%
- Other8%
Related Documentation
Procyon Indicative Price
Form: APT (ammonium paratungstate) · Purity: 88.5% WO3
Indicative price provided for information purposes, derived from Procyon Metals' trading activity. It is neither a firm offer nor investment advice. Firm quotes available on request, depending on volume, form and purity.
Request a quote →Frequently asked questions
What is the price of tungsten?
In 2024, the reference price for tungsten stood at around 312 USD/kg, compared with 280 USD/kg in 2023. Prices vary with purity, form (oxide or metal) and traded volume; the full history is charted above.
Where can you buy tungsten?
Physical tungsten is purchased through specialist traders. Procyon Metals supports clients end to end: sourcing from vetted counterparties, purity certification, insured logistics and secure storage in Brinks vaults.
Why is tungsten a strategic metal?
Subject to Chinese export restrictions and 25% US tariffs since December 2024. China mining quota cut 6.45% in September 2025, further tightening supply.
Which countries produce tungsten?
Tungsten production is highly concentrated: China (83%), Vietnam (4%), Russia (2%), Australia (3%).