Commodity Origins

Metals · Critical mineral (US 2025 list · EU 2024 list (strategic))

Where does tungsten come from?

Producers, exporters and prices

RSS: tungsten price updates

Tungsten comes mainly from China, which produced 67,000 tonnes in 2025, 79% of the world's 85,000 tonnes (USGS MCS). Vietnam (3.5%), Kazakhstan (2.8%) and Russia (2.4%) follow; the top five together supply 90%. The biggest exporter of tungsten ore and concentrate (HS 261100) is Bolivia (15% of world export value in 2024, CEPII BACI). Tungsten sits in two heavy minerals, scheelite and wolframite, found in veins and skarns associated with granite intrusions, and USGS ranks China first in both reserves and resources, which is why one country dominates mining.

Tungsten: world production by country, 2025Share of world tungsten production in 2025: China 79%, Vietnam 3.5%, Kazakhstan 2.8%, Russia 2.4%, North Korea 2.4%, Bolivia 2%, Rwanda 1.5%, Australia 1.2%, Rest of world 5.4%.China: 79% (67,000 tonnes)Vietnam: 3.5% (3,000 tonnes)Kazakhstan: 2.8% (2,400 tonnes)Russia: 2.4% (2,000 tonnes)North Korea: 2.4% (2,000 tonnes)Bolivia: 2% (1,700 tonnes)Rwanda: 1.5% (1,300 tonnes)Australia: 1.2% (1,000 tonnes)Rest of world: 5.4%China 79%
China 79%Vietnam 3.5%Kazakhstan 2.8%Russia 2.4%North Korea 2.4%Bolivia 2%Rwanda 1.5%Australia 1.2%Rest of world 5.4%
Share of world tungsten production in 2025: China 79%, Vietnam 3.5%, Kazakhstan 2.8%, Russia 2.4%, North Korea 2.4%, Bolivia 2%, Rwanda 1.5%, Australia 1.2%, Rest of world 5.4%.

A very dense metal with the highest melting point of any metal, mined from scheelite and wolframite and used in cemented carbide cutting tools, steel and electronics.

Key facts

World production, 2025
85,000 tonnes
Top producer
China, 79%
Top exporter, tungsten ore and concentrate (HS 261100), 2024
Bolivia, 15% of export value
HS code
261100 Tungsten ores and concentrates
USGS MCS item
Mine production Mine production (tungsten content)
Also called
W, wolfram, scheelite, wolframite, ammonium paratungstate, APT

What stands out in the tungsten numbers?

Rank China's tungsten suppliers by the USGS mining table and you would miss Myanmar. In 2024 North Korea and Myanmar together supplied 45% of China's tungsten ore and concentrate import value (HS 261100; our arithmetic on CEPII BACI). North Korea sent 100% of its ore exports to China and Myanmar 98%. USGS credits North Korea with 2,000 tonnes of tungsten content in 2025, against reserves of 29,000 tonnes that cover 14.5 years of that output, and lists no Myanmar mine output. Trade weights are gross weight of concentrate while mine output is tungsten content, so the two cannot be compared tonne for tonne.

Declared prices for unwrought tungsten swing widely depending on who is reporting. In 2024 China shipped 40% of the 3,923 tonnes of unwrought tungsten (HS 810194) traded but took 61% of export value (CEPII BACI). Among the five largest exporters, China declared $50,414 per tonne and the United Kingdom $69,268, while the United States, Japan and Germany declared $18,112 to $22,690. Those three countries declared $43,583 to $49,705 per tonne on their imports. The pattern fits different product forms sharing one customs code, which the data cannot confirm.

Tungsten reserves grew in the same years that mining hit a record. World mine output reached 85,000 tonnes in 2025, the highest in the USGS series that begins in 1905, yet reserves rose from 3.8 million tonnes (USGS MCS 2023) to 4.7 million tonnes (MCS 2026), a gain of 24% (our arithmetic), after 246,500 tonnes were mined in 2023 to 2025. Reserves are a lower bound that moves with estimates. The world's 55 years of static cover (reserves divided by 2025 output) includes 950,000 tonnes listed only as rest of world; without that line and the 2,400 tonnes of output outside the listed countries it is 45 years, against 37 years for China alone. See country reserve life and how much is left.

Where does tungsten come from?

Where tungsten is produced, 2025World map shaded by share of tungsten production in 2025. Darkest: China 79%, Vietnam 3.5%, Kazakhstan 2.8%, Russia 2.4%, North Korea 2.4%. 11 producing countries shown.Fiji: no reported productionTanzania: no reported productionWestern Sahara: no reported productionCanada: no reported productionUnited States: no reported productionKazakhstan: 2.8% (2,400 tonnes)Uzbekistan: no reported productionPapua New Guinea: no reported productionIndonesia: no reported productionArgentina: no reported productionChile: no reported productionDR Congo: no reported productionSomalia: no reported productionKenya: no reported productionSudan: no reported productionChad: no reported productionHaiti: no reported productionDominican Republic: no reported productionRussia: 2.4% (2,000 tonnes)Bahamas: no reported productionFalkland Isds (Malvinas): no reported productionNorway: no reported productionGreenland: no reported productionFr. South Antarctic Terr.: no reported productionTimor-Leste: no reported productionSouth Africa: no reported productionLesotho: no reported productionMexico: no reported productionUruguay: no reported productionBrazil: no reported productionBolivia: 2% (1,700 tonnes)Peru: no reported productionColombia: no reported productionPanama: no reported productionCosta Rica: no reported productionNicaragua: no reported productionHonduras: no reported productionEl Salvador: no reported productionGuatemala: no reported productionBelize: no reported productionVenezuela: no reported productionGuyana: no reported productionSuriname: no reported productionFrance: no reported productionEcuador: no reported productionPuerto Rico: no reported productionJamaica: no reported productionCuba: no reported productionZimbabwe: no reported productionBotswana: no reported productionNamibia: no reported productionSenegal: no reported productionMali: no reported productionMauritania: no reported productionBenin: no reported productionNiger: no reported productionNigeria: no reported productionCameroon: no reported productionTogo: no reported productionGhana: no reported productionIvory Coast: no reported productionGuinea: no reported productionGuinea-Bissau: no reported productionLiberia: no reported productionSierra Leone: no reported productionBurkina Faso: no reported productionCentral African Republic: no reported productionRepublic of the Congo: no reported productionGabon: no reported productionEquatorial Guinea: no reported productionZambia: no reported productionMalawi: no reported productionMozambique: no reported productionEswatini: no reported productionAngola: no reported productionBurundi: no reported productionIsrael: no reported productionLebanon: no reported productionMadagascar: no reported productionPalestine: no reported productionGambia: no reported productionTunisia: no reported productionAlgeria: no reported productionJordan: no reported productionUnited Arab Emirates: no reported productionQatar: no reported productionKuwait: no reported productionIraq: no reported productionOman: no reported productionVanuatu: no reported productionCambodia: no reported productionThailand: no reported productionLaos: no reported productionMyanmar: no reported productionVietnam: 3.5% (3,000 tonnes)North Korea: 2.4% (2,000 tonnes)South Korea: no reported productionMongolia: no reported productionIndia: no reported productionBangladesh: no reported productionBhutan: no reported productionNepal: no reported productionPakistan: no reported productionAfghanistan: no reported productionTajikistan: no reported productionKyrgyzstan: no reported productionTurkmenistan: no reported productionIran: no reported productionSyria: no reported productionArmenia: no reported productionSweden: no reported productionBelarus: no reported productionUkraine: no reported productionPoland: no reported productionAustria: 1% (840 tonnes)Hungary: no reported productionMoldova: no reported productionRomania: no reported productionLithuania: no reported productionLatvia: no reported productionEstonia: no reported productionGermany: no reported productionBulgaria: no reported productionGreece: no reported productionTurkey: no reported productionAlbania: no reported productionCroatia: no reported productionSwitzerland: no reported productionLuxembourg: no reported productionBelgium: no reported productionNetherlands: no reported productionPortugal: 0.8% (700 tonnes)Spain: 0.9% (800 tonnes)Ireland: no reported productionNew Caledonia: no reported productionSolomon Islands: no reported productionNew Zealand: no reported productionAustralia: 1.2% (1,000 tonnes)Sri Lanka: no reported productionChina: 79% (67,000 tonnes)Taiwan: no reported productionItaly: no reported productionDenmark: no reported productionUnited Kingdom: no reported productionIceland: no reported productionAzerbaijan: no reported productionGeorgia: no reported productionPhilippines: no reported productionMalaysia: no reported productionBrunei: no reported productionSlovenia: no reported productionFinland: no reported productionSlovakia: no reported productionCzechia: no reported productionEritrea: no reported productionJapan: no reported productionParaguay: no reported productionYemen: no reported productionSaudi Arabia: no reported productionAntarcticaN. CyprusCyprus: no reported productionMorocco: no reported productionEgypt: no reported productionLibya: no reported productionEthiopia: no reported productionDjibouti: no reported productionSomalilandUganda: no reported productionRwanda: 1.5% (1,300 tonnes)Bosnia and Herzegovina: no reported productionNorth Macedonia: no reported productionSerbia: no reported productionMontenegro: no reported productionKosovoTrinidad and Tobago: no reported productionSouth Sudan: no reported production<0.5%0.5–1%1–2.5%2.5–5%5–10%10–20%≥20%
Share of world production, 2025. Countries with no reported production are unshaded.

Top producers, 2025

Top 10 tungsten producers, 2025Bar chart of top 10 tungsten producers in 2025: China 79%, Vietnam 3.5%, Kazakhstan 2.8%, Russia 2.4%, North Korea 2.4%, Bolivia 2%, Rwanda 1.5%, Australia 1.2%, Austria 1%, Spain 0.9%; rest of world 3.5%.ChinaChina: 79%, 67,000 t79%VietnamVietnam: 3.5%, 3,000 t3.5%KazakhstanKazakhstan: 2.8%, 2,400 t2.8%RussiaRussia: 2.4%, 2,000 t2.4%North KoreaNorth Korea: 2.4%, 2,000 t2.4%BoliviaBolivia: 2%, 1,700 t2%RwandaRwanda: 1.5%, 1,300 t1.5%AustraliaAustralia: 1.2%, 1,000 t1.2%AustriaAustria: 1%, 840 t1%SpainSpain: 0.9%, 800 t0.9%Rest of worldRest of world: 3.5%, 2,400 t3.5%
Top 10 tungsten producers in 2025
RankCountryProduction (tonnes)Share of world
1China67,000 t79%
2Vietnam3,000 t3.5%
3Kazakhstan2,400 t2.8%
4Russia2,000 t2.4%
5North Korea2,000 t2.4%
6Bolivia1,700 t2%
7Rwanda1,300 t1.5%
8Australia1,000 t1.2%
9Austria840 t1%
10Spain800 t0.9%
Rest of world2,400 t3.5%
World85,000 t100%

Source: USGS MCS, MCS 2026, fetched 8 October 2026 (Public domain (US Government work)).

Reserves, 2025

Tungsten reserves by country, 2025
CountryReserves (tonnes)Share
China2.5 million t53%
Australia570,000 t12%
Russia400,000 t8.5%
Vietnam170,000 t3.6%
Spain66,000 t1.4%
North Korea29,000 t0.6%
Austria10,000 t0.2%
Portugal3,400 t0.1%
Other countries950,000 t20%
World (at least)≥ 4.7 million t100%

Reserves.

Source: USGS MCS, MCS 2026, fetched 8 October 2026 (Public domain (US Government work)).

About these numbers

  • How firm: Firm. 2.8% of USGS's world total is in its "other countries" line or unassigned, not broken out by country. USGS's first estimate for a year has been revised by a median of 1.9% when the next edition settled it (3 years, 2021 to 2024). USGS gives the world reserves only as a lower bound ("more than"). How the level is set.
  • United States: net imports supplied more than 50% of US consumption of tungsten in 2025 (USGS), mainly from China, Germany, Bolivia, Vietnam. All minerals.
  • Also recovered from tungsten: bismuth. By-product map.

At the 2025 pace of 85 thousand tonnes a year, the at least 4,698 thousand tonnes of reserves counted would last at least 55 years; counting production since 1905 plus the latest reserves, 47% has already been mined. That is a ratio, not a date: see how much is left, and how reserves have changed.

Tungsten world production per year, thousand tonnes, 1905 to 2025Line chart. Production was 1.7 thousand tonnes in 1905, peaked at 85 in 2025 and was 85 in 2025, 100% of the peak.0.020406080100192019401960198020002020thousand tonnes per yearPeak 2025: 85
World production per year, 1905 to 2025. The final year or two on file are estimates. Output is at or near its highest point on record.
Tungsten reserves, thousand tonnes, 2022 to 2025Line chart of reserves: 3,800 in 2022, 4,400 in 2023, 4,600 in 2024, 4,698 in 2025 (thousand tonnes).3,5004,0004,5005,0002022202320242025reserves, thousand tonnes3,8004,4004,6004,698
Reserves as each edition of USGS's Mineral Commodity Summaries printed them (2023, 2024, 2025 and 2026 editions, for 2022 to 2025). The axis does not start at zero, so small changes look larger than they are.

Real price since 1900

In constant 1998 dollars the US unit value of tungsten averaged 27,880 dollars per tonne over 2010–2019, against 12,430 over 1900–1909 (2.2× higher), and peaked in 1916. See a century of real prices for every mineral.

Tungsten real price per tonne, 1900 to 2019Line chart of the US unit value of tungsten in constant 1998 dollars per tonne. It peaked in 1916 at 71k and was 25k in 2019.020k40k60k80k1900192019401960198020001998 US dollars per tonnePeak 1916: 71k
Tungsten: US unit value in constant 1998 dollars per tonne, 1900 to 2019 (USGS Data Series 140).

Ten-year trend

Production of tungsten by the top ten countries, 2015 to 2025, tonnes
Country2015202020232024202510-year growth
China———67,00067,000—
Vietnam———3,4003,000—
Kazakhstan————2,400—
Russia———1,5002,000—
North Korea———1,9002,000—
Bolivia———1,7001,700—
Rwanda———1,3001,300—
Australia———9201,000—
Austria———840840—
Spain———700800—
World———82,00085,000not available for a ten-year span in this source

In 2025 China mined 67,000 tonnes of tungsten content, 79% of the world's 85,000 tonnes (USGS MCS). Vietnam followed with 3.5%, then Kazakhstan (2.8%), Russia (2.4%) and North Korea (2.4%). The top five account for 90% and 11 countries are credited with output. Reserves stand at 4.7 million tonnes (USGS MCS), with China holding 53%, then Australia (12%) and Russia (8.5%). USGS notes that several countries, including Bolivia and Rwanda, have no reserve estimate, and that world resources are widely spread, with significant resources on every continent except Antarctica.

Two features of the production table matter more than the ranking. First, most of the world's output comes from one country, and USGS treats its figure as an estimate that was unchanged between 2024 and 2025. Second, the rest of the table is a long tail of small mines across Asia, Europe, Africa, Australia and South America. Kazakhstan entered the ranking because USGS credits the start of production at the Boguty deposit in 2025; it reported no output there in 2024. World output changed +4% on the previous year.

The two minerals are scheelite (calcium tungstate) and wolframite (an iron and manganese tungstate). Ores are low in grade, so a mine's product is a concentrate rather than metal, and production figures are always stated as tungsten content so that concentrates of different richness can be added together.

Who exports and imports tungsten?

Concentrate is converted to ammonium paratungstate and then to oxide and metal powder; that conversion, concentrated in China, is where the supply chain is narrower than the mining.

Exporters of tungsten ores and concentrates (HS 261100), 2024 world exports $273.2 million; 56 countries
Top 15 exporters of tungsten (HS 261100) in 2024, by value, with volume
RankCountryValue (US$)Share of worldVolume (t)
1Bolivia$40.6 million15%2,169 t
2Spain$35.7 million13%2,629 t
3North Korea$31.4 million11%3,628 t
4Myanmar$29.8 million11%2,413 t
5Australia$28.6 million10%2,568 t
6Portugal$18.3 million6.7%886 t
7Rwanda$18.2 million6.7%1,295 t
8Russia$17.5 million6.4%1,584 t
9Mongolia$7 million2.6%1,121 t
10Malaysia$5.5 million2%568 t
11United States$4.3 million1.6%2,654 t
12Singapore$4.1 million1.5%1,632 t
13Brazil$4 million1.5%262 t
14South Korea$3.2 million1.2%686 t
15China$3.1 million1.1%126 t
Same table ranked by volume
Top 15 exporters of tungsten (HS 261100) in 2024, by volume
RankCountryVolume (t)Share of world volumeValue (US$)
1North Korea3,628 t13%$31.4 million
2United States2,654 t9.8%$4.3 million
3Spain2,629 t9.7%$35.7 million
4Australia2,568 t9.5%$28.6 million
5Myanmar2,413 t8.9%$29.8 million
6Bolivia2,169 t8%$40.6 million
7Singapore1,632 t6%$4.1 million
8Russia1,584 t5.8%$17.5 million
9Rwanda1,295 t4.8%$18.2 million
10Mongolia1,121 t4.1%$7 million
11Portugal886 t3.3%$18.3 million
12South Korea686 t2.5%$3.2 million
13Malaysia568 t2.1%$5.5 million
14Germany550 t2%$3.1 million
15Netherlands511 t1.9%$1.3 million
Exporters of tungsten, unwrought, including sintered bars (HS 810194), 2024 world exports $130.7 million; 44 countries
Top 15 exporters of tungsten (HS 810194) in 2024, by value, with volume
RankCountryValue (US$)Share of worldVolume (t)
1China$79.2 million61%1,570 t
2United States$11.2 million8.6%493 t
3United Kingdom$10 million7.7%145 t
4Japan$8.1 million6.2%412 t
5Germany$4.2 million3.2%231 t
6Singapore$2.9 million2.2%229 t
7South Korea$2.8 million2.1%148 t
8Canada$2.4 million1.8%83.6 t
9Netherlands$2.4 million1.8%93.7 t
10Hong Kong$2 million1.5%47.2 t
11Other Asia, nes$1.3 million1%378 t
12Switzerland$951,7350.7%6.77 t
13Belgium$760,5210.6%2.31 t
14Thailand$525,8850.4%32 t
15Italy$422,4330.3%5.94 t
Same table ranked by volume
Top 15 exporters of tungsten (HS 810194) in 2024, by volume
RankCountryVolume (t)Share of world volumeValue (US$)
1China1,570 t40%$79.2 million
2United States493 t13%$11.2 million
3Japan412 t11%$8.1 million
4Other Asia, nes378 t9.6%$1.3 million
5Germany231 t5.9%$4.2 million
6Singapore229 t5.8%$2.9 million
7South Korea148 t3.8%$2.8 million
8United Kingdom145 t3.7%$10 million
9Netherlands93.7 t2.4%$2.4 million
10Canada83.6 t2.1%$2.4 million
11Hong Kong47.2 t1.2%$2 million
12Thailand32 t0.8%$525,885
13Slovakia11.4 t0.3%$2,543
14Spain11.2 t0.3%$338,934
15Switzerland6.77 t0.2%$951,735
Importers of tungsten ores and concentrates (HS 261100), 2024 world imports $273.2 million; 50 countries
Top 15 importers of tungsten (HS 261100) in 2024, by value, with volume
RankCountryValue (US$)Share of worldVolume (t)
1China$134.8 million49%12,098 t
2United States$40.9 million15%2,273 t
3Vietnam$36.5 million13%7,687 t
4Austria$33 million12%2,188 t
5Netherlands$12 million4.4%773 t
6Kenya$3.5 million1.3%138 t
7Malaysia$3.1 million1.1%513 t
8United Kingdom$2.7 million1%115 t
9Other Asia, nes$1.5 million0.6%108 t
10Philippines$1.4 million0.5%453 t
11Japan$808,8050.3%43.9 t
12Thailand$653,1250.2%22.7 t
13Germany$577,2820.2%66.9 t
14Luxembourg$415,8350.2%310 t
15South Korea$356,7410.1%21.4 t
Same table ranked by volume
Top 15 importers of tungsten (HS 261100) in 2024, by volume
RankCountryVolume (t)Share of world volumeValue (US$)
1China12,098 t45%$134.8 million
2Vietnam7,687 t28%$36.5 million
3United States2,273 t8.4%$40.9 million
4Austria2,188 t8.1%$33 million
5Netherlands773 t2.8%$12 million
6Malaysia513 t1.9%$3.1 million
7Philippines453 t1.7%$1.4 million
8Luxembourg310 t1.1%$415,835
9Kenya138 t0.5%$3.5 million
10United Kingdom115 t0.4%$2.7 million
11Saudi Arabia112 t0.4%$30,300
12Other Asia, nes108 t0.4%$1.5 million
13Hong Kong105 t0.4%$200,768
14Germany66.9 t0.2%$577,282
15India50.9 t0.2%$112,061
Importers of tungsten, unwrought, including sintered bars (HS 810194), 2024 world imports $130.7 million; 107 countries
Top 15 importers of tungsten (HS 810194) in 2024, by value, with volume
RankCountryValue (US$)Share of worldVolume (t)
1Japan$34.8 million27%700 t
2Other Asia, nes$20.9 million16%1,301 t
3United States$15.5 million12%327 t
4Germany$11.4 million8.7%262 t
5India$7.9 million6%155 t
6South Korea$7 million5.4%114 t
7United Kingdom$6.1 million4.6%128 t
8Australia$5 million3.8%68.1 t
9Canada$3.2 million2.5%40.6 t
10Vietnam$2.7 million2%14 t
11Mexico$1.9 million1.4%17 t
12Malaysia$1.8 million1.4%164 t
13France$1.5 million1.1%7.46 t
14Italy$1.2 million0.9%71 t
15Hong Kong$1 million0.8%21.1 t
Same table ranked by volume
Top 15 importers of tungsten (HS 810194) in 2024, by volume
RankCountryVolume (t)Share of world volumeValue (US$)
1Other Asia, nes1,301 t33%$20.9 million
2Japan700 t18%$34.8 million
3Philippines369 t9.4%$1 million
4United States327 t8.3%$15.5 million
5Germany262 t6.7%$11.4 million
6Malaysia164 t4.2%$1.8 million
7India155 t4%$7.9 million
8United Kingdom128 t3.3%$6.1 million
9South Korea114 t2.9%$7 million
10Italy71 t1.8%$1.2 million
11Australia68.1 t1.7%$5 million
12Netherlands48.3 t1.2%$965,237
13Canada40.6 t1%$3.2 million
14Brazil22 t0.6%$1 million
15Hong Kong21.1 t0.5%$1 million

Source: CEPII BACI, BACI HS22 V202601, fetched 6 September 2026 (Etalab Open Licence 2.0). Values are each country's exports to (or imports from) all partners; shares are of the world total for that HS line.

Who sells tungsten to whom

The largest exporter-importer pairs for the primary trade line for tungsten in 2024, out of 179 pairs BACI reports. See the trade flows report for every tracked commodity.

Who sells tungsten to whom, 2024North Korea → China: $31M (11.5%)Myanmar → China: $29M (10.7%)Spain → Austria: $22M (8.0%)Bolivia → United States: $21M (7.8%)Australia → Vietnam: $19M (7.0%)Rwanda → China: $17M (6.3%)Russia → China: $16M (5.8%)Bolivia → China: $11M (4.1%)Portugal → Austria: $8M (2.9%)Spain → United States: $7M (2.5%)Portugal → United States: $7M (2.4%)Mongolia → China: $7M (2.4%)Australia → China: $6M (2.3%)Spain → China: $5M (1.9%)Singapore → Vietnam: $4M (1.5%)SpainBoliviaNorth KoreaMyanmarAustraliaRwandaRussiaPortugalMongoliaSingaporeChinaUnited StatesAustriaVietnam
Largest bilateral trade flows for Tungsten
FromToValueShare of world trade
North KoreaChina$31M11%
MyanmarChina$29M11%
SpainAustria$22M8%
BoliviaUnited States$21M7.8%
AustraliaVietnam$19M7%
RwandaChina$17M6.3%
RussiaChina$16M5.8%
BoliviaChina$11M4.1%

Bolivia was the largest exporter of tungsten ore and concentrate (HS 261100) in 2024 with 15% of world export value, ahead of Spain (13%), North Korea (11%) and Myanmar (11%), on world trade of $273.2 million (CEPII BACI). China was the largest importer with 49%, ahead of the United States (15%), Vietnam (13%) and Austria (12%).

The ore table does not look like the mining table. China mines most of the world's tungsten but appears far down the exporter list of concentrate, with 1.1% of export value (China is the fifteenth entry), and it is also the largest buyer, with 49% of import value. USGS describes China as the world's leading producer, importer and consumer of tungsten concentrates. The point to take from the tables is that exporting ore, mining it and using it are three different rankings.

The second HS code shows the other end of the chain. For unwrought tungsten, including sintered bars (HS 810194), the leading exporter in 2024 was China with 61% of world export value, ahead of the United States (8.6%) and the United Kingdom (7.7%), on world trade of $130.7 million. The largest importer was Japan with 27%. Read this against the ore table and the difference is visible: the leading exporters of ore (Bolivia) and of unwrought tungsten (China) are different countries. These two customs lines also do not cover the intermediate chemicals (ammonium paratungstate and tungsten oxide), carbide powders or finished carbide tools, which have their own codes, so they do not capture the full value of processing. See producing, exporting and processing for how to read such tables.

What does tungsten cost?

No monthly benchmark series is published for tungsten; see how it is priced below.

How it is priced

This page quotes no tungsten price, because there is no free public series. Tungsten has no widely used futures contract. Prices are assessed by private price reporting agencies, USGS cites Argus Tungsten Analytics for its own price series, and the assessments are sold by subscription. Publishing a number would require a license this site does not hold.

What can be said is how the market works. The unit of trade is the metric ton unit, and the way it is defined explains why quotes are hard to compare. A metric ton unit of tungsten trioxide contains 7.93 kilograms of tungsten (USGS), so a price per unit is a price per ten kilograms of contained oxide, not per tonne of material and not per tonne of tungsten metal. Concentrate and ammonium paratungstate are quoted separately, and the gap between them reflects the cost of conversion.

USGS's own price series is the average in-warehouse Rotterdam quotation, in dollars per metric ton unit, for concentrate and for ammonium paratungstate. Chinese domestic quotations, in yuan per tonne, are also published by trade media, so a buyer should check which market, grade and unit a quoted price refers to. USGS reports that Rotterdam prices rose sharply through 2025 and ties the rise to China's February 2025 export controls and to US tariff measures; this page quotes no level and describes nothing after 2025. Long-term supply contracts commonly reference the published assessments, so what a buyer pays can differ from the spot quote.

What moves the price of tungsten?

Chinese output and export policy

China mines most of the world's tungsten, so Chinese policy matters to the world market. In February 2025 China introduced export controls on selected tungsten items, and USGS records that China's consumption and imports of concentrate rose significantly in 2025.

Cutting-tool and mining demand

Cemented carbide, the hard composite of tungsten carbide and cobalt, takes the largest share of tungsten, mostly in cutting and wear-resistant tools for metalworking, construction, mining and oil and gas drilling. Industrial output, vehicle and aerospace manufacturing and drilling activity therefore drive tungsten demand more than any end use of the metal itself.

Defense demand and public stockpiling

Tungsten is dense and heat-resistant, so it appears in armor-piercing penetrators, heavy alloys and other military items. USGS reports that US Defense Production Act Title III awards went to tungsten projects in Nevada, New Brunswick and Yukon in 2025, and the US Annual Materials Plan has listed both potential acquisitions and potential disposals.

New mines outside China

The Western supply response is slow because a mine takes years from discovery to first concentrate. USGS credits the start of production at the Boguty deposit in Kazakhstan in 2025 with part of the rise in world output, and tungsten projects in North America and Europe are in development.

Conversion capacity in the United States

USGS counts seven US companies able to turn concentrates, ammonium paratungstate, oxide or scrap into powder, carbide powder or chemicals, while the United States has not mined tungsten commercially since 2015 and relies on imports. Where concentrate can be converted, and from whom a converter can buy it, shapes the market for non-Chinese buyers.

Tariffs and trade measures

A US Trade Representative notice of 16 December 2024 raised the section 301 tariff to 25 percent on three tungsten subheadings from China, including unwrought tungsten (HS 810194), effective 1 January 2025. Tariffs raise the landed price of Chinese material in one market and can widen the gap between regional prices without changing physical supply.

Recycling and substitution

Scrap carbide and tungsten-bearing scrap are an input to converters, and USGS withholds the quantity of secondary tungsten to avoid disclosing company data. Substitutes for cemented carbide exist, including molybdenum, niobium or titanium carbide, ceramics and cermets, but USGS observes that most of these reduce rather than replace the amount of tungsten used.

How is tungsten produced?

Tungsten ore is mined from open pits and underground veins, then crushed and concentrated. Wolframite and scheelite are both heavy, so mills use gravity separation and flotation to lift tungsten out of the host rock. The product is a concentrate that is rich in tungsten trioxide, and it is this material that is traded internationally as HS 261100.

The concentrate is then digested in an alkaline solution, which dissolves the tungsten into a tungstate solution that can be purified of impurities such as phosphorus, arsenic and molybdenum. Ammonia is added and ammonium paratungstate (APT) crystallizes out. APT is the standard intermediate of the industry, the form in which most tungsten chemistry is priced and sold.

APT is heated to drive off ammonia and water, leaving tungsten oxide, which is reduced with hydrogen to tungsten metal powder. Tungsten melts at 3,422 degrees Celsius, the highest of any metal, so it cannot be cast in the ordinary way. It is shaped as a powder, pressed into bars and sintered, which is why unwrought tungsten includes sintered bars. Heating the powder with carbon makes tungsten carbide, and sintering that carbide with a binder, usually cobalt, produces cemented carbide.

Everything on this page is tungsten content unless stated, as reported by USGS. Concentrates, APT and oxide each contain a different proportion of tungsten, and prices are quoted per metric ton unit of tungsten trioxide, so comparing a quoted price with a production figure needs a conversion.

What is tungsten used for?

Cemented carbide takes the largest share. USGS estimates that most tungsten consumed in the United States goes into cemented carbide parts for cutting and wear-resistant applications, mainly in construction, metalworking, mining and oil and gas drilling. Tungsten carbide approaches diamond in hardness, which is why carbide inserts, drill bits and mining tools dominate demand.

The remainder is used in alloys and specialty steels, where tungsten adds hardness at high temperatures, including high-speed tool steels and superalloys, and in mill products: wires, electrodes, contacts and filaments for electrical, electronic, heating, lighting and welding uses. Tungsten wire replaced earlier filament materials in lamps from about 1911, and although light-emitting diodes have displaced much filament lighting, tungsten wire and electrodes remain in welding, heating and electronics.

Heavy alloys exploit tungsten's density, which is close to that of gold. They are used for counterweights, radiation shielding and military items such as penetrators, where USGS lists depleted uranium or lead as alternatives when high density or radiation shielding is needed. Chemical compounds of tungsten are used as catalysts, pigments and high-temperature lubricants.

Supply chain and chokepoints

The chain runs from mine to concentrate, concentrate to APT, APT to oxide and powder, and powder to carbide, tool or mill product. The mining step is concentrated in one country, while the trade tables show that the leading exporter of ore (Bolivia, 15% of export value) and of unwrought tungsten (China, 61%) differ. Concentrate has to be processed by plants with hydrometallurgical, reduction and powder-metallurgy capability before it becomes carbide or metal.

That is why tungsten is a critical mineral in the United States (2025 list) and the European Union (2024 list). The concern is less the quantity of tungsten in the ground than dependence on a few sources: USGS reports that China has the largest reserves and resources and is the leading producer, importer and consumer of concentrates, and the USTR's December 2024 tariff notice cites reliance on China for tungsten products as a supply-chain vulnerability. See the glossary entry on a critical mineral for how governments define the term, and the explainer on critical minerals and the energy transition.

The largest customers are manufacturers rather than miners: carbide tooling feeds machining, construction, mining and drilling. Substitutes exist for some uses but, according to USGS, in many applications they cost more or perform worse. Government measures have added a policy layer: China's export controls of February 2025 cover items including tungsten products, and a US section 301 tariff of 25 percent on three tungsten subheadings from China took effect on 1 January 2025. As far as could be verified, the February 2025 controls remain in force; a November 2025 law-firm summary (Pillsbury) listed them as still valid, and the status after that was not checked.

The physical logistics are modest. Tungsten trade is small by bulk-commodity standards, so freight is not the constraint. The factors to watch are the licensing and tariff measures described above and the time a new mine needs to reach production.

Key companies

Largest companies in tungsten
CompanyRoleHeadquartersListedSource
Almonty Industriesminer (Sangdong in South Korea, Panasqueira in Portugal)United StatesYes (ALM)Report
Masan High-Tech Materialsminer and refiner (Nui Phao mine and Masan Tungsten in Vietnam)VietnamYesReport
Plansee Grouppowder-metallurgy processor of tungsten and molybdenumAustriaNoReport
Sandvikengineering group with mining and machining toolsSwedenYes (SAND)Report

Corporate facts from annual reports and filings. No stock prices are shown.

Timeline: what moved the tungsten market

  1. 1. 1783

    Spanish chemists isolate tungsten from wolframite

    Carl Wilhelm Scheele had derived an acid from scheelite in 1781 and suggested it could be reduced to a new metal, and in 1783 Juan José and Fausto Elhuyar isolated tungsten, working from wolframite, which is why the two ore minerals carry both names. Source

  2. 2. 1911

    Ductile tungsten filaments replace tantalum in lamps

    William D. Coolidge's process at General Electric made tungsten wire workable, and tungsten filaments replaced tantalum from 1911, an early mass market for the metal. Source

  3. 3. 1923

    Cemented carbide patent is filed

    Karl Schröter of Osram filed German patent DE420689 on 30 March 1923 for a sintered hard metal of tungsten carbide, originally to replace diamond in wire-drawing dies, the foundation of the cutting-tool and mining-tool market. Source

  4. 4. 2015

    The United States stops mining tungsten commercially

    USGS reports there has been no commercial US tungsten mine since 2015, so US industry depends on imported concentrate, imported intermediates and scrap for the converters that remain. Source

  5. 5. January 2025

    US section 301 tariff on Chinese tungsten products rises to 25 percent

    A USTR notice of 16 December 2024 set a 25 percent rate on three tungsten subheadings, including unwrought tungsten, for goods entered from 1 January 2025, adding a tariff layer to the trade flows described on this page. Source

  6. 6. February 2025

    China imposes export controls on selected tungsten items

    On 4 February 2025 China's Ministry of Commerce and customs administration announced licensing requirements for exports of items related to tungsten, tellurium, bismuth, molybdenum and indium, with immediate effect. Source

  7. 7. 2025

    Boguty in Kazakhstan starts production

    USGS credits the start of production at the Boguty deposit with much of the increase in world mine production in 2025, and Kazakhstan appears in the production table for 2025 but not for 2024. Source

  8. 8. October 2025

    A Kazakhstan and United States tungsten joint venture is announced

    USGS records an October 2025 announcement of a joint venture between Kazakhstan and the United States to develop tungsten resources, alongside Defense Production Act awards to tungsten projects in Nevada, New Brunswick and Yukon. Source

  9. 9. January 2026

    China restricts dual-use exports to Japanese military end users

    A 6 January 2026 announcement by China's Ministry of Commerce prohibited exports of dual-use items to Japanese military end users or uses, and tungsten products including APT, oxide and carbide are on the dual-use list, according to trade press. Source

Frequently asked questions about tungsten

which country produces the most tungsten

China mined 67,000 tonnes of tungsten content in 2025, 79% of the world's 85,000 tonnes (USGS MCS). Vietnam was second with 3.5% and Kazakhstan third with 2.8%. Figures are tungsten content, not ore tonnage, and are estimates.

what is tungsten used for

Mainly as tungsten carbide in cemented carbide, the hard material in cutting tools, mining tools and drill bits. It is also used in alloy and tool steels, in wires, electrodes and filaments, and in dense alloys for counterweights, shielding and military items.

how much tungsten is left

World reserves are 4.7 million tonnes (USGS MCS), with China holding 53% of the total and Australia 12%. USGS says resources are widely spread, with significant resources on every continent except Antarctica, so the constraint is mines and conversion plants rather than ore.

does china export most of the world's tungsten ore

No. Bolivia led exports of tungsten ore and concentrate (HS 261100) in 2024 with 15% of world export value, while China was the largest importer with 49% (CEPII BACI). The largest miner, China, buys ore rather than selling it. Where it leads is unwrought tungsten: China held 61% of exports of that line.

why is there no tungsten price on this page

No free public series exists. Tungsten is priced by private agencies in dollars per metric ton unit of tungsten trioxide, which contains 7.93 kilograms of tungsten according to USGS, for concentrate and for ammonium paratungstate. Assessments are sold by subscription and no widely used futures contract exists, so this site shows no price level.

what are china's tungsten export controls

On 4 February 2025 China's Ministry of Commerce and customs administration announced export controls on items related to tungsten, tellurium, bismuth, molybdenum and indium, requiring licenses for exports. A November 2025 summary by the law firm Pillsbury listed it among measures still valid, and a trade-control profile reviewed in August 2026 also lists it as active; no notice lifting it was found. Check the ministry's notices for later changes.

Sources, methodology and downloads

Downloads

Methodology: shares are each country's value divided by the world total from the same source; trade shares are of world export (or import) value for the HS line; price changes compare monthly averages; real prices use the US CPI. Full detail at /methodology/. Cite this page as: Commodity Origins, "Where does tungsten come from? Producers and reserves", data MCS 2026, BACI HS22 V202601, https://commodityorigins.com/commodities/tungsten/ (CC BY 4.0).

Data updated 22 October 2026. Text last reviewed 6 October 2026 (how the text is made and checked).

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