The global tungsten market has entered a noticeably weaker phase in recent months, with both tungsten powder and tungsten carbide powder prices continuing to decline at an accelerated pace. Recent market data shows: Tungsten powder prices have fallen 56.3% from the recent peak, and are down 2.8% year-to-date Tungsten carbide powder prices have dropped 57.3% from the recent peak, down 3.9% year-to-date This sharp correction signals that the market is no longer in a gradual adjustment phase, but rather in a more aggressive downward cycle driven by weakening demand fundamentals.

After a prolonged upward cycle, tungsten prices have recently begun to soften. While the correction may appear sudden, the reality is more nuanced: the market is responding to a combination of changing demand behavior, supply adjustments, and cooling sentiment across the industry. For companies involved in cemented carbide, cutting tools, wear-resistant components, and oil & gas applications, this shift is an important reminder that tungsten remains one of the most strategically sensitive industrial materials in the global supply chain.

In 2026, TUNGSTEC officially launched its new cemented carbide factory in Thailand. This milestone not only marks a major step in the company’s global growth but also brings significant benefits to cemented carbide customers around the world.

WHAT YOU NEED TO KNOW ABOUT TWIST DRILLS FOR CNC-MACHINING

WHAT IS THE TWIST DRILL FOR WATERJET CUTTING AND HOW DOES IT WORK?

HOW TO ENHANCE CUTTING EFFICIENCY WITH AN INNOVATIVE ULTRASONIC TWIST DRILL

HOW TO CHOOSE THE BEST TWIST DRILL FOR THE AEROSPACE INDUSTRY

HOW TO CHOOSE THE BEST TWIST DRILL FOR OIL & GAS INDUSTRY