According to the CITIC Construction Investment Research Report, the price of black tungsten concentrate this week is 419,000 yuan/ton, the APT price is 610,000 yuan/ton, and the European APT price is 3,000-3,279 US dollars/ton. Recently, the price of tungsten concentrate has hovered around 400,000 tons. In the short term, July and August are the traditional low season for tungsten consumption. Prices are expected to rise after the peak season starts in September and October. In the medium term, traditional consumption of tungsten concentrate and new consumption of PCB micro drills and tungsten hexafluoride driven by the AI wave are all in a growth cycle. The demand for military inventory replenishment brought about by the US-Iran conflict is even stronger. The medium- to long-term tungsten concentrate price trend is upward.

According to the CITIC Construction Investment Research Report, the price of black tungsten concentrate this week is 419,000 yuan/ton, the APT price is 610,000 yuan/ton, and the European APT price is 3,000-3,279 US dollars/ton. Recently, the price of tungsten concentrate has hovered around 400,000 tons. In the short term, July and August are the traditional low season for tungsten consumption. Prices are expected to rise after the peak season starts in September and October. In the medium term, traditional consumption of tungsten concentrate and new consumption of PCB micro drills and tungsten hexafluoride driven by the AI wave are all in a growth cycle. The demand for military inventory replenishment brought about by the US-Iran conflict is even stronger. The medium- to long-term tungsten concentrate price trend is upward.