The impact of raw material tungsten on the industry

October 30, 2024

Recent news in the tungsten and cemented carbide sectors highlights price fluctuations, supply concerns, and progress in domestic production for high-performance tools. Tungsten prices have recently hit a ten-year high, impacting the entire supply chain. Rising raw material costs have strained the profitability of midstream processors, as the price of intermediate tungsten products has often exceeded the market price for finished goods. This pricing imbalance has reduced profit margins, with cemented carbide producers’ gross margins dropping from around 30% to as low as 12%-15% in the past year

In China, the push for domestically-produced cemented carbide tools is accelerating, with companies like China Tungsten High-Tech and Xiamen Tungsten expanding their capacities to reduce reliance on imported high-end tools. These firms are focusing on advanced, value-added tools to support China’s industrial transformation and increasing demand for high-precision cutting tools. This shift has been aided by technological advancements, which are improving product quality and performance, allowing domestic companies to compete more effectively against imports.

Contact Person :	Miss. huang
Tel :	+8613395972486

Get In Touch

Building 5, No. 1633, Jicheng Road, Phase II, Tongan Incubation Base, Torch High-Tech Zone, Xiamen, Fujian Province, China

info@xinchengxm.com

+8613395972486

About

Company Profile Factory Tour Quality Control Contact Us

Products

Cemented Carbide Rod Tungsten Carbide Rod Carbide Cold Heading Die All Categories

Mail Us

Let us know your requirement. We will connect best products with you.