Tungsten Surges to a 12-Year High as the World Enters a New “Black Gold” Race
Global tungsten markets are experiencing one of the strongest upcycles in more than a decade. Market data as of December 2025 shows broad-based price increases across major tungsten products. Most notably, the price of wolframite ore has climbed nearly 150% since the start of the year, lifting tungsten prices to their highest levels since 2013.
