Tungsten Market
Regions Covered
China
USA
Regions Covered
China
USA
Tungsten is a greyish-white lustrous metal, which is a solid at room temperature. Tungsten has the highest melting point and lowest vapor pressure of all metals
The market is expected to grow at a rate of 3-4% annually and nearly 59% of the market share originated from the hard metal segment in 2017.
USA Ferro-Tungsten prices remained stable, and averaged at USD 42113.76 per MT during June-2018 as against USD 42119.27 during May-2018.
The prices remained flat, owing to feeble demand in the spot market. The spot market witnessed scarce transactions during the month of June-2018.
Chinese Tungsten prices decreased by 5% and averaged at USD 44533.2 per MT during June-2018. The domestic prices decreased during the month of June owing to weak demand in the spot market. With over 75% of the global tungsten output, China is one of the key producers across the globe. Furthermore, the country ranks first with over 1,900,000 metric tons of reserves and is considered as the largest producer, exporter, and consumer of tungsten
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