Tungsten Steel Up 80%: Why Advanced Ceramics Are the Smart Alternative
In 2025, the industrial manufacturing sector is facing an unprecedented challenge in terms of raw materials. Due to the combined effects of environmental protection production restrictions, tightened mining quotas (with tungsten ore quotas expected to decrease by approximately 6.45% in 2025 compared to the previous year), and the growth in downstream demand from sectors such as photovoltaics and military industry, the price of tungsten concentrate has risen by nearly 80% this year, reaching a new high in the past decade. Meanwhile, the export restrictions on tungsten-related products have become stricter, putting pressure on enterprises that rely on tungsten steel (hard alloy) for manufacturing tools, wear-resistant parts, and molds, as they are confronted with both cost and supply issues. Against the backdrop of continuous price hikes of tungsten steel and increasing supply uncertainties, finding mature and reliable alternative materials for tungsten steel has become an u...