
Argus Tungsten Analytics: анализ рынка и 10-летние прогнозы предложения, спроса и цен на вольфрам.
Key features
One-year price forecasts
Updated monthly for tungsten concentrates, APT, ferro-tungsten, tungsten oxides and carbide, enabling contract benchmarking and price risk management across the value chain.
10-year strategic outlooks
Updated every six months with consulting-level analysis of tungsten supply, demand, trade and price trajectories to 2032, to support investment and strategy.
Market analysis
Monthly updates covering tungsten market developments, price drivers, supply and demand shifts, and trade flows across China, Europe and the US.
Data downloads
Project trackers, import and export figures, and demand projections for automotive, mining, energy and aerospace, available as Excel downloads.
Access to market experts
Subscribers gain direct access to Argus tungsten consultants based across 28 offices in Asia-Pacific, Africa, Europe and the Americas, for bespoke market guidance and advisory support.
End-use sector coverage
Tracking tungsten demand across the automotive, manufacturing, mining, energy and aerospace sectors, providing context on end-use trends that influence prices.
Who uses this service
Automotive manufacturers
- Reduce price risk exposure through reliable one-year tungsten price forecasts.
- Optimise supply chain decisions using end-use demand projections and project outlooks.
- Support make-or-buy analysis with accurate tungsten carbide pricing and market data.
Mining companies
- Inform viability studies using tungsten supply, demand and project-tracker data.
- Plan financing and production strategy with 10-year price and supply forecasts.
- Anticipate future tungsten concentrate availability across key producing regions.
Trading companies and financial institutions
- Validate tungsten price points using independent, impartial market assessments.
- Identify investment opportunities using production cost curves and project analysis.
- Manage risk with forward price forecasts and structured market intelligence.
Recyclers
- Price tungsten and tungsten carbide scrap purchases using market-reflective data.
- Index sales activity against reliable, regularly updated price forecasts.
- Balance sustainable supply decisions with current market pricing and outlooks.
Frequently asked questions
The service covers the global tungsten market across the full value chain, including:
- Tungsten ores and concentrates
- APT
- Tungsten oxides and trioxides
- Tungstic acid
- Tungsten carbide powder
- Ferro-tungsten
- International tungsten imports and exports
Geographic coverage includes China, Europe, the US and key international trade flows.
Tungsten is a critical industrial metal used in cemented carbide tools, electrical components and high-performance alloys. The automotive sector is the largest consumer, accounting for 25-30pc of global demand, followed by industrial manufacturing, mining, energy and aerospace. Chinese export controls and structural supply constraints make independent price forecasting and market intelligence essential for procurement, investment and risk management.
The service includes:
- One-year price forecasts updated monthly
- 10-year price forecasts updated every six months
Grades covered include:
- Tungsten concentrates (min 65pc)
- APT
- Ferro-tungsten (min 75pc W)
- Tungsten carbide powder
- Tungsten oxides (yellow/blue)
The 10-year forecasts are published as part of a bi-annual 43-page report with consulting-level analysis of tungsten supply, demand, trade flows and price trajectories out to 2032. Forecasts cover supply and demand fundamentals, project pipelines and macro end-use sector outlooks, and are updated every six months to reflect structural market changes.
Key drivers shaping the tungsten market in 2026 include:
- Chinese export controls on key tungsten products introduced in February 2025.
- A domestic supply deficit in China, partly offset by rising imports from Kazakhstan and Myanmar.
- Record-high prices in Europe and the US relative to Chinese domestic prices.
- New project developments outside China, including Sangdong in South Korea and Hemerdon in the UK.
- Weak downstream demand limiting upward price momentum in China.
Subscribers receive monthly updates covering tungsten market developments, near-term price outlooks, supply and demand analysis, trade flow data and end-use sector commentary. The 10-year strategic forecasts are refreshed every six months.
The service is accessible via:
- The Argus Direct® client portal, providing online access to reports, data and analysis.
- Excel downloads for project trackers, import and export data, and demand projections.
- The Argus Publications app, available on iOS and Android
- Direct contact with Argus tungsten consultants across 28 global offices.
The service tracks tungsten end-use demand across:
- Automotive and industrial manufacturing
- Mining and drilling
- Energy
- Aerospace
The service includes a tungsten project tracker covering active, commissioning and development-stage operations globally. The tracker records project start-up timelines, capacity, capital expenditure, resource size and progress updates. Projects currently tracked include Sangdong (South Korea), Hemerdon (UK), Barruecopardo (Spain), Mt Carbine (Australia) and multiple development-stage assets across North America, Europe and central Asia.
Key price assessments
Argus tungsten price assessments cover concentrates, APT, ferro-tungsten, carbide and oxides across China, Europe and the US, and are used as trusted references for contract pricing, benchmarking and commercial negotiations.
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