Tungsten Carbide (Hard Alloy) End Mill Selection & Application Guide for CNC Router & Trimmer Users
The tungsten carbide market is facing an unprecedented 'Supply Crisis' that goes beyond mere price increases.
2,300 CNY/kg
4-5x increase YoY ↑
120% Increase
Compared to early 2026 ↑
5-Year Low
Severe shortages reported
| Item | Price Trend (vs. 2025) | Remarks |
|---|---|---|
| Tungsten Concentrate (65%) | Approx. 130% Up | Impact of production quota cuts |
| APT (Intermediate Product) | Approx. 125% Up | Deepening supply chain bottlenecks |
| Tungsten Carbide Powder | Approx. 400-500% Up | Explosion in final product demand |
Currently, tungsten is hailed as the 'Price King' of the metal markets due to its soaring value.
China, which accounts for 80% of the world's tungsten supply, has intensified export controls on 'dual-use items' (civilian and military).
Result: In 2026, APT exports have dropped to virtually zero, paralyzing global supply chains.
Forecasted CAGR of approx. 9%
Brief cooling signs were seen in early April, but this is only a minor adjustment.
High price trends are very likely to persist long-term due to the lack of new mine developments.
As of April 2026, tungsten carbide has entered a Super Cycle driven by supply chain collapse and surging demand.
As long as China's export restrictions continue, the burden of end mill purchasing costs and supply instability will persist.