European tungsten prices have surged to their highest point since 2013, driven by China’s tightening restrictions on critical mineral exports The price of ammonium paratungstate (APT)—a vital intermediate in tungsten metal production—has reached $400 per metric ton unit (mtu) on the European spot market, marking an 18% increase since February, according to Reuters
The spike follows China's recent export curbs and quota reductions on key strategic metals, including tungsten, tellurium, molybdenum, bismuth, and indium These measures, imposed in retaliation to US tariffs earlier this year, have intensified global supply concerns