Tungsten Companies: Producers and Processors
Facts checked against sources on . How we check facts.
The companies below produce, process or use tungsten. Each row cites the document that says what the company does with the metal; the list is not exhaustive and is not a ranking.
$380/dmtu
tungsten concentrate, average in-warehouse Rotterdam in 2025 (+51% on 2024)
Which companies produce or process tungsten?
| Company | Country | Role | What the source says |
|---|---|---|---|
| Xiamen Tungsten | China | Tungsten miner, smelter and powder maker (SSE: 600549) | Its 2025 annual report, in Chinese, says it has three producing tungsten mines in China and one under construction, with annual output of about 12,000 tonnes of tungsten concentrate (65% WO3) from the producing mines, and that it has large-scale tungsten smelting and powder capacity. Xiamen Tungsten: 2025 annual report, in Chinese (24 April 2026) |
| Jiaxin International Resources Investment | Kazakhstan (Boguty mine) | Tungsten miner (HKEX: 3858) | Its 2025 annual report says phase I commercial production at the Boguty tungsten mine began in April 2025 and that in 2025 it mined 2.80 million tonnes of ore and produced 5,008 tonnes of tungsten ore concentrates and 3,255 tonnes of tungsten trioxide. Jiaxin International Resources Investment: 2025 annual report (HKEXnews, 27 April 2026) |
| Kennametal | United States | Tungsten carbide products maker and recycler (NYSE: KMT) | Its 10-K says its Infrastructure segment makes tungsten carbide powders, that the global supply of tungsten is concentrated in China, and that its internal tungsten recycling capability gives it access to additional sources. Kennametal, Form 10-K for the year to June 2026 (filed 12 August 2026) |
| Almonty Industries | South Korea (Sangdong mine) | Tungsten miner (Nasdaq: ALM) | Its website reports the start of tungsten production at the Sangdong mine and says, in the company's own words, that the mine is expected to supply over 80% of global non-China tungsten production at full capacity. Almonty Industries: Sangdong page |
| Guardian Metal Resources | United States (Nevada projects) | Developer of the Pilot Mountain and Tempiute tungsten projects (LSE: GMET; NYSE American: GMTL) | Its website says it was awarded US$6.2 million by the US Department of War under Title III of the Defense Production Act to advance the Pilot Mountain pre-feasibility study, which it says was published in June 2026, and that it targets first production in late 2028. Guardian Metal Resources: company website |
| Fireweed Metals | Canada (Mactung project, Yukon) | Developer of the Mactung tungsten project (TSXV: FWZ) | Its 13 December 2024 release says it was awarded US$15.8 million by the US Department of Defense under Defense Production Act Title III to advance Mactung toward a final investment decision, and describes the project as hosting the world's largest high-grade tungsten resource, which is the company's own claim. Fireweed Metals: news release of 13 December 2024 |
| Northcliff Resources | Canada (Sisson project) | Developer of the Sisson tungsten-molybdenum project (TSX: NCF) | Its 1 May 2025 release says the US Department of Defense awarded it US$15 million under the Defense Production Act to advance the Sisson Tungsten-Molybdenum Project in Canada, and calls the funding non-dilutive. Northcliff Resources: news release of 1 May 2025 |
Each row links to the document that supports it. The list is not exhaustive and is not a ranking.
What do the sources say about tungsten companies?
- Seven US companies can convert tungsten concentrates, ammonium paratungstate, tungsten oxide or scrap into tungsten metal powder, tungsten carbide powder or tungsten chemicals, according to USGS, which does not name them.
- Projects in Nevada, New Brunswick and Yukon received Defense Production Act, Title III awards in 2025, and in October 2025 a joint venture between Kazakhstan and the United States to develop tungsten resources was announced.
Frequently asked questions
What is tungsten used for?
Tungsten is used in cemented carbide parts, alloys and specialty steels and electrical, electronic, heating, lighting and welding components. Cemented carbide parts: an estimated 60% of US consumption, for cutting and wear-resistant applications in construction, metalworking, mining and oil and gas drilling.
Which country produces the most tungsten?
China produces the most tungsten: an estimated 67,000 t, or 79% of the world total, in 2025, according to the USGS mine production figures.
Is tungsten a critical mineral?
Yes. Tungsten is on all four official critical minerals lists: the US, EU, Australian and Canadian. Tungsten was already on the 2022 US list and stays on the final 2025 list of 60 minerals. US net import reliance for tungsten in 2025 was more than 50%.
How much does tungsten cost?
USGS reports the average 2025 price of tungsten at $380/dmtu (tungsten concentrate, average in-warehouse Rotterdam; +51% on 2024).
Sources
Read on October 13, 2026. Figures on this page come from these documents; where a number is an estimate, the source says so.
- USGS Mineral Commodity Summaries 2026: Tungsten. Production, reserves, uses, substitutes, recycling and events
- USGS Mineral Commodity Summaries 2026: introduction (Table 7 and Figures 10A and 10B). Net import reliance, leading producer and price changes for critical minerals
- Federal Register: Final 2025 List of Critical Minerals
- EUR-Lex: Regulation (EU) 2024/1252
- Department of Industry, Science and Resources: Australia’s Critical Minerals List and Strategic Materials List
- Government of Canada: Canada’s critical minerals
- Xiamen Tungsten: 2025 annual report, in Chinese (24 April 2026)
- Jiaxin International Resources Investment: 2025 annual report (HKEXnews, 27 April 2026)
- Kennametal, Form 10-K for the year to June 2026 (filed 12 August 2026)
- Almonty Industries: Sangdong page
- Guardian Metal Resources: company website
- Fireweed Metals: news release of 13 December 2024
- Northcliff Resources: news release of 1 May 2025
Related topics
Tungsten: full profile
Uses, producers, price, substitutes and critical list status for tungsten.
How Tungsten is mined and refined
The mining and processing page for tungsten.
Tungsten mines and projects
The projects page for tungsten.
Tungsten substitutes
The substitutes page for tungsten.
China profile
Production, policy and projects in China.
Critical Minerals Lists Compared
The US, EU, Australian and Canadian lists side by side.
