A long-term annual-average price series for tungsten is not yet published on Critical Minerals HQ. To preserve our strict no-fabrication rule we show only the live spot price plus the on-file fundamentals below — extended historical data will be added once a verified source is wired in.
Latest tracked price: $259,780 per USD/t (as of 2026-05-03).
Tungsten has the highest melting point of any metal and is used in cutting tools, military applications, and electronics. China controls approximately 80% of global tungsten production.
Tungsten is irreplaceable in precision machining and defense applications, with extreme supply concentration in China creating strategic vulnerability. Demand is driven primarily by Cutting tools and drill bits, Military armor-piercing ammunition, Filaments for lighting and electrodes. Supply is concentrated in China, Vietnam, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Tungsten prices.
The latest tracked tungsten price is $259,780 per USD/t. Live spot prices are shown on the Tungsten live-price page.
A long-term annual-average series for tungsten is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
A long-term annual-average series for tungsten is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
A long-term annual-average series for tungsten is not yet published on Critical Minerals HQ. We surface only the live spot price and on-file fundamentals to avoid presenting unverified historical changes.
Tungsten is irreplaceable in precision machining and defense applications, with extreme supply concentration in China creating strategic vulnerability. Demand is driven primarily by Cutting tools and drill bits, Military armor-piercing ammunition, Filaments for lighting and electrodes. Supply is concentrated in China, Vietnam, Russia, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Tungsten prices.