# Tungsten Price per kg (United States)

Tungsten costs $127.28 per kg contained in the United States as of October 2026, on the Stockatomics monthly benchmark. Tungsten has fallen 7.9% in the past month.

Source: https://www.stockatomics.com/commodities/tungsten-price-us
Category: Critical Minerals (https://www.stockatomics.com/commodities/critical-minerals)
Lists: US Critical Minerals List, EU Critical Raw Materials Act

## Key figures

| Figure | Value |
| --- | --- |
| Price per kg contained | $127.28 |
| Price type | Stockatomics monthly benchmark |
| Price month | October 2026 |
| 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 |
| Last updated | 18 October 2026 |

## 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.

## Tungsten monthly prices

USD per kg contained, newest first.

| Month | Price | Change |
| --- | --- | --- |
| October 2026 | $127.28 | 0.0% |
| September 2026 | $127.28 | 0.0% |
| August 2026 | $127.28 | −7.9% |
| July 2026 | $138.13 | −46.1% |
| June 2026 | $256.44 | +153.0% |
| May 2026 | $101.34 | −11.0% |
| April 2026 | $113.82 | +3.9% |
| March 2026 | $109.51 | +49.9% |
| February 2026 | $73.06 | +26.1% |
| January 2026 | $57.95 | 0.0% |
| December 2025 | $57.95 | +27.2% |
| November 2025 | $45.55 | −21.3% |
| October 2025 | $57.85 | +8.4% |
| September 2025 | $53.35 | −6.3% |
| August 2025 | $56.94 | +1.6% |
| July 2025 | $56.07 | +18.6% |
| June 2025 | $47.28 | +3.5% |
| May 2025 | $45.70 | +0.7% |
| April 2025 | $45.40 | +5.5% |
| March 2025 | $43.02 | −1.0% |
| February 2025 | $43.45 | −3.7% |
| January 2025 | $45.12 | −1.4% |
| December 2024 | $45.76 | +4.4% |
| November 2024 | $43.82 | −0.6% |
| October 2024 | $44.08 | 0.0% |
| September 2024 | $44.08 | +1.1% |
| August 2024 | $43.60 | −3.8% |
| July 2024 | $45.34 | −1.8% |
| June 2024 | $46.19 | +5.2% |
| May 2024 | $43.90 | +2.7% |
| April 2024 | $42.76 | +1.4% |
| March 2024 | $42.18 | +0.1% |
| February 2024 | $42.15 | +4.9% |
| January 2024 | $40.17 | +1.7% |
| December 2023 | $39.51 | −4.5% |
| November 2023 | $41.36 | −5.6% |
| October 2023 | $43.80 | −15.5% |
| September 2023 | $51.84 | +21.1% |
| August 2023 | $42.82 | −13.5% |
| July 2023 | $49.48 | −5.9% |
| June 2023 | $52.58 | +9.7% |
| May 2023 | $47.92 | +6.1% |
| April 2023 | $45.16 | +8.6% |
| March 2023 | $41.60 | 0.0% |
| February 2023 | $41.60 | −4.4% |
| January 2023 | $43.53 | −15.3% |
| December 2022 | $51.40 | −2.7% |
| November 2022 | $52.85 | +15.0% |
| October 2022 | $45.94 | +4.7% |
| September 2022 | $43.88 | −27.1% |
| August 2022 | $60.23 | +18.5% |
| July 2022 | $50.82 | +13.0% |
| June 2022 | $44.96 | −14.9% |
| May 2022 | $52.82 | −27.6% |
| April 2022 | $72.97 | +51.6% |
| March 2022 | $48.12 | +21.6% |
| February 2022 | $39.57 | −39.7% |
| January 2022 | $65.57 | +49.2% |
| December 2021 | $43.95 | +14.5% |
| November 2021 | $38.38 | +23.8% |
| October 2021 | $31.01 | −11.1% |
| September 2021 | $34.88 | −15.6% |
| August 2021 | $41.35 | +48.0% |
| July 2021 | $27.94 | +7.3% |
| June 2021 | $26.05 | −22.1% |
| May 2021 | $33.44 | +3.3% |
| April 2021 | $32.36 | +5.2% |
| March 2021 | $30.75 | +6.1% |
| February 2021 | $28.98 | +6.9% |
| January 2021 | $27.10 | −3.4% |
| December 2020 | $28.04 | +1.0% |
| November 2020 | $27.76 | +2.7% |
| October 2020 | $27.03 | −8.7% |
| September 2020 | $29.59 | +1.2% |
| August 2020 | $29.24 | −0.3% |
| July 2020 | $29.34 | −5.9% |
| June 2020 | $31.18 | −9.1% |
| May 2020 | $34.30 | 0.0% |
| April 2020 | $34.30 | −3.1% |
| March 2020 | $35.41 | +4.9% |
| February 2020 | $33.77 | +28.0% |
| January 2020 | $26.39 | −33.5% |
| December 2019 | $39.71 | +37.7% |
| November 2019 | $28.83 | −16.7% |
| October 2019 | $34.60 | +11.0% |
| September 2019 | $31.16 | −11.9% |
| August 2019 | $35.36 | −1.8% |
| July 2019 | $36.01 | +9.0% |
| June 2019 | $33.05 | +12.3% |
| May 2019 | $29.43 | −17.5% |
| April 2019 | $35.68 | −4.1% |
| March 2019 | $37.21 | +2.1% |
| February 2019 | $36.44 | −3.8% |
| January 2019 | $37.89 | +16.6% |
| December 2018 | $32.50 | −12.4% |
| November 2018 | $37.12 | +1.0% |
| October 2018 | $36.76 | −6.7% |
| September 2018 | $39.39 | −6.6% |
| August 2018 | $42.16 | −0.4% |
| July 2018 | $42.32 | +6.5% |
| June 2018 | $39.73 | +4.4% |
| May 2018 | $38.06 | +6.9% |
| April 2018 | $35.61 | −14.2% |
| March 2018 | $41.51 | +13.2% |
| February 2018 | $36.68 | +27.2% |
| January 2018 | $28.83 | −10.7% |
| December 2017 | $32.30 | −11.1% |
| November 2017 | $36.35 | +7.0% |
| October 2017 | $33.96 | +16.1% |
| September 2017 | $29.24 | +16.4% |
| August 2017 | $25.12 | −15.0% |
| July 2017 | $29.56 | +10.4% |
| June 2017 | $26.78 | +5.1% |
| May 2017 | $25.48 | −0.5% |
| April 2017 | $25.62 | +3.4% |
| March 2017 | $24.77 | +3.5% |
| February 2017 | $23.93 | +2.0% |
| January 2017 | $23.47 | −3.3% |
| December 2016 | $24.26 | +2.0% |
| November 2016 | $23.78 | −12.7% |
| October 2016 | $27.23 | +1.9% |
| September 2016 | $26.71 | +50.9% |
| August 2016 | $17.70 | −48.5% |
| July 2016 | $34.34 | +28.6% |
| June 2016 | $26.70 | −4.4% |
| May 2016 | $27.92 | +24.8% |
| April 2016 | $22.38 | −10.7% |
| March 2016 | $25.05 | +10.8% |
| February 2016 | $22.60 | +3.9% |
| January 2016 | $21.75 | −5.1% |
| December 2015 | $22.93 | −19.7% |
| November 2015 | $28.57 | −9.6% |
| October 2015 | $31.61 | +15.8% |
| September 2015 | $27.29 | −25.9% |
| August 2015 | $36.83 | +4.4% |
| July 2015 | $35.28 | +8.9% |
| June 2015 | $32.41 | −11.8% |
| May 2015 | $36.76 | +5.3% |
| April 2015 | $34.92 | +6.2% |
| March 2015 | $32.87 | −3.5% |
| February 2015 | $34.06 | −12.2% |
| January 2015 | $38.78 | −6.1% |
| December 2014 | $41.30 | −5.1% |
| November 2014 | $43.52 | +4.4% |
| October 2014 | $41.68 | −5.4% |
| September 2014 | $44.05 | −0.5% |
| August 2014 | $44.26 | +7.0% |
| July 2014 | $41.38 | −16.4% |
| June 2014 | $49.50 | +7.9% |
| May 2014 | $45.87 | +9.4% |
| April 2014 | $41.92 | −8.8% |
| March 2014 | $45.97 | −13.0% |
| February 2014 | $52.85 | +9.1% |
| January 2014 | $48.46 | −8.1% |
| December 2013 | $52.71 | −3.1% |
| November 2013 | $54.38 | +1.0% |
| October 2013 | $53.84 | +5.6% |
| September 2013 | $50.98 | +6.1% |
| August 2013 | $48.05 | +8.3% |
| July 2013 | $44.37 | +2.0% |
| June 2013 | $43.52 | +1.7% |
| May 2013 | $42.81 | +7.1% |
| April 2013 | $39.99 | +32.4% |
| March 2013 | $30.20 | −30.7% |
| February 2013 | $43.55 | +4.6% |
| January 2013 | $41.65 | +8.9% |
| December 2012 | $38.23 | −24.5% |
| November 2012 | $50.66 | +22.0% |
| October 2012 | $41.51 | −15.7% |
| September 2012 | $49.27 | +1.4% |
| August 2012 | $48.59 | −6.2% |
| July 2012 | $51.79 | −4.8% |
| June 2012 | $54.39 | +32.3% |
| May 2012 | $41.12 | −4.1% |
| April 2012 | $42.87 | +5.9% |
| March 2012 | $40.49 | −20.9% |
| February 2012 | $51.17 | −0.7% |
| January 2012 | $51.53 | −7.8% |
| December 2011 | $55.88 | +4.0% |
| November 2011 | $53.71 | −5.7% |
| October 2011 | $56.96 | +3.5% |
| September 2011 | $55.01 | +16.2% |
| August 2011 | $47.33 | −16.6% |
| July 2011 | $56.73 | +15.2% |
| June 2011 | $49.26 | −1.8% |
| May 2011 | $50.18 | +26.9% |
| April 2011 | $39.55 | +14.2% |
| March 2011 | $34.63 | −6.9% |
| February 2011 | $37.18 | +127.7% |
| January 2011 | $16.33 | −49.4% |
| December 2010 | $32.29 | −6.3% |
| November 2010 | $34.46 | +19.8% |
| October 2010 | $28.77 | +0.4% |
| September 2010 | $28.66 | +7.3% |
| August 2010 | $26.71 | +5.5% |
| July 2010 | $25.31 | +4.5% |
| June 2010 | $24.22 | −5.3% |
| May 2010 | $25.57 | +2.7% |
| April 2010 | $24.89 | −54.8% |
| March 2010 | $55.02 | +135.1% |
| February 2010 | $23.40 | −2.5% |
| January 2010 | $24.01 | - |

## 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

## 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

## 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.

## 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.

## 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.

## 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

## Tungsten stocks

| Company | Ticker | Exchange | Role |
| --- | --- | --- | --- |
| [CMOC Group](https://www.stockatomics.com/companies/cmoc-group-hkg-3993) | 3993 | HKG | Producer |

## 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.

## Related commodities

- [Copper price per kg](https://www.stockatomics.com/commodities/copper-price-us): $13.92 per kg contained
- [Cobalt price per kg](https://www.stockatomics.com/commodities/cobalt-price-us): $56.81 per kg contained
- [Niobium price per kg](https://www.stockatomics.com/commodities/niobium-price-us): $42.82 per kg contained
- [Phosphate price per kg](https://www.stockatomics.com/commodities/phosphate-price-us): $0.091 per kg phosphate rock
- [Lithium price per kg](https://www.stockatomics.com/commodities/lithium-price-us): $89.62 per kg contained
- [Nickel price per kg](https://www.stockatomics.com/commodities/nickel-price-us): $17.24 per kg contained

## 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.

Last updated 18 October 2026.