Import origins by country since 2010
Where US imports come from each month, by country and grade.
Tungsten Price per kg (United States)
On the US Critical Minerals List and the EU Critical Raw Materials Act list.
Price per kg contained
$127.28
- 1M
- −7.9%
- 6M
- +74.2%
- 1Y
- +123.5%
- 5Y
- +207.8%
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Tungsten price chart
The Stockatomics monthly US benchmark for tungsten, in US dollars per kg contained.
$127.28
- 1m
- −7.9%
- 6m
- +74.2%
- 1y
- +123.5%
- 5y
- +207.8%
18 October 2026
- Benchmark price
- $127.28
- Import volume
- Locked
- All-imports price
- Locked
- Premium-priced imports
- Locked
- China share of imports
- Locked
- China unit-value spread
- Locked
- Origin countries
- Locked
At a glance
Tungsten price key figures
- Price per kg contained
- $127.28
- 1-month change
- −7.9%
- 6-month change
- +74.2%
- 1-year change
- +123.5%
- 5-year change
- +207.8%
- 12-month high
- $256.44
- 12-month low
- $45.55
- Price month
- October 2026
- Price type
- Stockatomics monthly benchmark
- Last updated
- 18 October 2026
By month
Tungsten monthly prices
The tungsten benchmark for every month from January 2010 to October 2026, in US dollars per kg contained, newest first.
| Month | Price per kg contained | Change |
|---|---|---|
| $127.28 | 0.0% | |
| $127.28 | 0.0% | |
| $127.28 | −7.9% | |
| $138.13 | −46.1% | |
| $256.44 | +153.0% | |
| $101.34 | −11.0% | |
| $113.82 | +3.9% | |
| $109.51 | +49.9% | |
| $73.06 | +26.1% | |
| $57.95 | 0.0% | |
| $57.95 | +27.2% | |
| $45.55 | −21.3% | |
| $57.85 | +8.4% | |
| $53.35 | −6.3% | |
| $56.94 | +1.6% | |
| $56.07 | +18.6% | |
| $47.28 | +3.5% | |
| $45.70 | +0.7% | |
| $45.40 | +5.5% | |
| $43.02 | −1.0% | |
| $43.45 | −3.7% | |
| $45.12 | −1.4% | |
| $45.76 | +4.4% | |
| $43.82 | −0.6% | |
| $44.08 | 0.0% | |
| $44.08 | +1.1% | |
| $43.60 | −3.8% | |
| $45.34 | −1.8% | |
| $46.19 | +5.2% | |
| $43.90 | +2.7% | |
| $42.76 | +1.4% | |
| $42.18 | +0.1% | |
| $42.15 | +4.9% | |
| $40.17 | +1.7% | |
| $39.51 | −4.5% | |
| $41.36 | −5.6% | |
| $43.80 | −15.5% | |
| $51.84 | +21.1% | |
| $42.82 | −13.5% | |
| $49.48 | −5.9% | |
| $52.58 | +9.7% | |
| $47.92 | +6.1% | |
| $45.16 | +8.6% | |
| $41.60 | 0.0% | |
| $41.60 | −4.4% | |
| $43.53 | −15.3% | |
| $51.40 | −2.7% | |
| $52.85 | +15.0% | |
| $45.94 | +4.7% | |
| $43.88 | −27.1% | |
| $60.23 | +18.5% | |
| $50.82 | +13.0% | |
| $44.96 | −14.9% | |
| $52.82 | −27.6% | |
| $72.97 | +51.6% | |
| $48.12 | +21.6% | |
| $39.57 | −39.7% | |
| $65.57 | +49.2% | |
| $43.95 | +14.5% | |
| $38.38 | +23.8% | |
| $31.01 | −11.1% | |
| $34.88 | −15.6% | |
| $41.35 | +48.0% | |
| $27.94 | +7.3% | |
| $26.05 | −22.1% | |
| $33.44 | +3.3% | |
| $32.36 | +5.2% | |
| $30.75 | +6.1% | |
| $28.98 | +6.9% | |
| $27.10 | −3.4% | |
| $28.04 | +1.0% | |
| $27.76 | +2.7% | |
| $27.03 | −8.7% | |
| $29.59 | +1.2% | |
| $29.24 | −0.3% | |
| $29.34 | −5.9% | |
| $31.18 | −9.1% | |
| $34.30 | 0.0% | |
| $34.30 | −3.1% | |
| $35.41 | +4.9% | |
| $33.77 | +28.0% | |
| $26.39 | −33.5% | |
| $39.71 | +37.7% | |
| $28.83 | −16.7% | |
| $34.60 | +11.0% | |
| $31.16 | −11.9% | |
| $35.36 | −1.8% | |
| $36.01 | +9.0% | |
| $33.05 | +12.3% | |
| $29.43 | −17.5% | |
| $35.68 | −4.1% | |
| $37.21 | +2.1% | |
| $36.44 | −3.8% | |
| $37.89 | +16.6% | |
| $32.50 | −12.4% | |
| $37.12 | +1.0% | |
| $36.76 | −6.7% | |
| $39.39 | −6.6% | |
| $42.16 | −0.4% | |
| $42.32 | +6.5% | |
| $39.73 | +4.4% | |
| $38.06 | +6.9% | |
| $35.61 | −14.2% | |
| $41.51 | +13.2% | |
| $36.68 | +27.2% | |
| $28.83 | −10.7% | |
| $32.30 | −11.1% | |
| $36.35 | +7.0% | |
| $33.96 | +16.1% | |
| $29.24 | +16.4% | |
| $25.12 | −15.0% | |
| $29.56 | +10.4% | |
| $26.78 | +5.1% | |
| $25.48 | −0.5% | |
| $25.62 | +3.4% | |
| $24.77 | +3.5% | |
| $23.93 | +2.0% | |
| $23.47 | −3.3% | |
| $24.26 | +2.0% | |
| $23.78 | −12.7% | |
| $27.23 | +1.9% | |
| $26.71 | +50.9% | |
| $17.70 | −48.5% | |
| $34.34 | +28.6% | |
| $26.70 | −4.4% | |
| $27.92 | +24.8% | |
| $22.38 | −10.7% | |
| $25.05 | +10.8% | |
| $22.60 | +3.9% | |
| $21.75 | −5.1% | |
| $22.93 | −19.7% | |
| $28.57 | −9.6% | |
| $31.61 | +15.8% | |
| $27.29 | −25.9% | |
| $36.83 | +4.4% | |
| $35.28 | +8.9% | |
| $32.41 | −11.8% | |
| $36.76 | +5.3% | |
| $34.92 | +6.2% | |
| $32.87 | −3.5% | |
| $34.06 | −12.2% | |
| $38.78 | −6.1% | |
| $41.30 | −5.1% | |
| $43.52 | +4.4% | |
| $41.68 | −5.4% | |
| $44.05 | −0.5% | |
| $44.26 | +7.0% | |
| $41.38 | −16.4% | |
| $49.50 | +7.9% | |
| $45.87 | +9.4% | |
| $41.92 | −8.8% | |
| $45.97 | −13.0% | |
| $52.85 | +9.1% | |
| $48.46 | −8.1% | |
| $52.71 | −3.1% | |
| $54.38 | +1.0% | |
| $53.84 | +5.6% | |
| $50.98 | +6.1% | |
| $48.05 | +8.3% | |
| $44.37 | +2.0% | |
| $43.52 | +1.7% | |
| $42.81 | +7.1% | |
| $39.99 | +32.4% | |
| $30.20 | −30.7% | |
| $43.55 | +4.6% | |
| $41.65 | +8.9% | |
| $38.23 | −24.5% | |
| $50.66 | +22.0% | |
| $41.51 | −15.7% | |
| $49.27 | +1.4% | |
| $48.59 | −6.2% | |
| $51.79 | −4.8% | |
| $54.39 | +32.3% | |
| $41.12 | −4.1% | |
| $42.87 | +5.9% | |
| $40.49 | −20.9% | |
| $51.17 | −0.7% | |
| $51.53 | −7.8% | |
| $55.88 | +4.0% | |
| $53.71 | −5.7% | |
| $56.96 | +3.5% | |
| $55.01 | +16.2% | |
| $47.33 | −16.6% | |
| $56.73 | +15.2% | |
| $49.26 | −1.8% | |
| $50.18 | +26.9% | |
| $39.55 | +14.2% | |
| $34.63 | −6.9% | |
| $37.18 | +127.7% | |
| $16.33 | −49.4% | |
| $32.29 | −6.3% | |
| $34.46 | +19.8% | |
| $28.77 | +0.4% | |
| $28.66 | +7.3% | |
| $26.71 | +5.5% | |
| $25.31 | +4.5% | |
| $24.22 | −5.3% | |
| $25.57 | +2.7% | |
| $24.89 | −54.8% | |
| $55.02 | +135.1% | |
| $23.40 | −2.5% | |
| $24.01 | - |
Summary
Tungsten price summary
Over the past month the price has slipped 7.9%, and it is +123.5% over the year.
Its 12-month range runs from a low of $45.55 to a high of $256.44.
It is +123.5% over the past year and +207.8% over five years.
Uses
What tungsten is used for
Tungsten (W) has the highest melting point of any metal and is extraordinarily hard and dense. More than half of it becomes cemented carbide, the tungsten carbide of cutting tools, mining bits and wear parts. It is also used in high-speed steels and superalloys, in mill products such as wire, electrodes and X-ray targets, and in defence for armour-piercing penetrators.
Other uses
- Tungsten interconnects in semiconductor chips
- Radiation shielding and counterweights
- Heating elements and welding electrodes
- Plasma-facing materials for fusion research
Market
Tungsten supply and demand factors
China mines and processes most of the world's tungsten and has long managed supply through quotas, so the market is highly exposed to Chinese policy. Demand is led by cemented carbide tools for manufacturing, mining and construction, with defence uses adding strategic weight. Chinese export controls on tungsten products have pushed prices outside China to record levels and spurred mine development elsewhere.
What moves the price
- Chinese mining quotas and export controls
- Manufacturing and mining activity
- Defence procurement
- New mines in Europe, Asia and Australia
History
Tungsten price history
Tungsten prices were relatively stable for years, managed through Chinese quotas. That changed in 2025, when China added tungsten products to its export controls: prices climbed to record highs, as Western buyers competed for limited non-Chinese supply.
As of October 2026, the Stockatomics benchmark price is $127.28 per kg contained.
Production
Where tungsten is produced
China produces most of the world's tungsten, followed by Vietnam, Russia, Bolivia and Rwanda, with smaller mines in Austria, Spain and Portugal. The United States has no current primary tungsten mining.
Criticality
Why tungsten is a critical mineral
Tungsten is on the US critical minerals list and the EU critical raw materials list. Cutting tools, mining and defence depend on it, mine supply is concentrated in China, which controls exports, and the United States has no current primary production.
Benchmark
How the tungsten benchmark price is calculated
Stockatomics publishes a monthly US benchmark price for tungsten in US dollars per kg contained, reading as of October 2026. The price is per kg of contained tungsten, not for a carbide tool.
Converting the price
- Tungsten concentrates and ammonium paratungstate are quoted per metric tonne unit, which is 10 kg of tungsten trioxide and contains about 7.93 kg of tungsten: multiply the contained price per kg by 7.93 for an equivalent price per tonne unit
Stocks
Tungsten stocks
Listed companies with tungsten in their business, and their role in it.
| Company | Ticker | Exchange | Role |
|---|---|---|---|
| CMOC Group | 3993 | HKG | Producer |
Stockatomics Terminal
More tungsten data in the Terminal
The Stockatomics Terminal has the full picture for tungsten, for subscribers.
Full price history with all import series
The benchmark beside the all-imports and premium-priced import prices, with volumes.
Supply scores and constraints
Supply concentration, elasticity and the constraints behind them.
Companies and production exposure
Which listed companies produce it, and how much of their value depends on it.
FAQ
Tungsten price FAQ
What is the price of tungsten per kg today?
Tungsten costs $127.28 per kg contained in the United States as of October 2026, on the Stockatomics monthly benchmark. Stockatomics updates it every month.
What is tungsten used for?
Cemented carbide cutting tools and mining bits, high-speed steels, wire and electrodes, and defence uses such as armour-piercing rounds.
Why did tungsten prices rise?
China, which dominates supply, added tungsten products to its export controls in 2025, pushing prices outside China to record highs.
Does the United States produce tungsten?
It has no current primary tungsten mining, though several projects are being explored.
How is the tungsten benchmark price calculated?
The Stockatomics benchmark for tungsten is a monthly US price in US dollars per kg contained, published every month and current as of October 2026. How the benchmark is calculated.
Sources
Sources
- U.S. trade data: the monthly tungsten price.
- U.S. Geological Survey (USGS): the US critical minerals list.
- Company filings: the listed companies and their roles.