How Tariff Changes Affect the Tungsten Industry

In 2025, the United States adjusted its trade policies toward various countries and imposed higher tariffs, aiming to improve its domestic economy and address inflation. As a result, countries affected by the increased U.S. tariffs must now consider how to adapt their trade strategies and policies when dealing with the U.S. market.

China, the world's largest producer of tungsten, implemented export controls on tungsten at the beginning of 2025. The export process was changed to a "one order, one license" system, whereby export licenses are only granted after a strict review of the end user's application and intended use. This policy has led to significant supply shortages in countries that rely on tungsten imports, causing many companies in the tungsten carbide industry to face production disruptions and making it difficult for them to offer quotations on tungsten carbide products.

Furthermore, China’s environmental regulations have clearly stated a reduction in mining output, and the European Union has classified tungsten as a critical strategic material, increasing its stockpiling for defense-related purposes. Under these global circumstances, the tungsten carbide industry is expected to face increasingly severe challenges.