Tungsten
Companies
Key Companies in the Tungsten Value Chain
The Tungsten industry encompasses at least 6 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 84,000 tonnes W content and prices around 50,000-55,000 $/tonne (APT), the Tungsten market supports a diverse corporate ecosystem.
Annual Production
84,000
tonnes W content
Market Price
50,000-55,000
$/tonne (APT)
Top Producer
China
82% share
Companies Tracked
6
Major Producers and Processors
The following companies are key participants in the Tungsten supply chain:
China Minmetals Corporation
Major Chinese state-owned tungsten producer and trader; one of six designated Chinese tungsten exporters
Xiamen Tungsten
Major Chinese tungsten producer and cemented carbide manufacturer; vertically integrated from mining to cutting tools
Sandvik
Worlds largest cemented carbide cutting tool manufacturer through its Sandvik Machining Solutions division
Kennametal
Major US cemented carbide tooling company; significant consumer of tungsten carbide powder
Wolfram Bergbau und Hutten (WBH)
Operates the Mittersill tungsten mine and Bergla processing plant in Austria; largest tungsten producer in the Western world
Almonty Industries
Tungsten mining company operating Panasqueira mine in Portugal and developing the Sangdong mine restart in South Korea
Active Operations and Development Projects
These are the key Tungsten operations and development-stage projects associated with the companies above:
Sangdong Mine
Almonty Industries
Historical Korean tungsten mine being restarted with financing from German KfW bank; strategic project to reduce Western dependence on Chinese tungsten
Mittersill Mine
Wolfram Bergbau und Hutten
Largest operating tungsten mine in Europe; scheelite deposit in the Austrian Alps
Panasqueira Mine
Almonty Industries
Historic European tungsten mine operating since 1896; one of the oldest continuously operating mines in Europe
Corporate Strategy Trends
Major consumers of Tungsten across the cemented carbide cutting tools and armor-piercing ammunition sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 82% concentration in China.
More on Tungsten
Explore other aspects of the Tungsten value chain.
Uses & Applications
Explore uses & applications for Tungsten.
Supply Chain
Explore supply chain for Tungsten.
Mining & Processing
Explore mining & processing for Tungsten.
Refining & Grade Specs
Explore refining & grade specs for Tungsten.
Recycling
Explore recycling for Tungsten.
Substitutes
Explore substitutes for Tungsten.
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