Due to the surging price of tungsten carbide, a key material for roller cone and PDC bits, production costs have risen sharply. Raw material prices keep climbing, worsening the situation. Our inventory is nearly exhausted. To cope with these challenges, we’ll adjust the prices of our bits. We appreciate your understanding as we strive to maintain quality.
The recent surge in tungsten carbide prices stems from multiple intertwined factors. Supply constraints dominate, as China—producing 82.7% of global tungsten—imposed stricter export controls on raw tungsten products like ammonium paratungstate (APT) and tungsten oxide in February 2025, reducing exports by over 80%. Concurrently, its first batch of tungsten mining quotas for 2025 fell 6.45% year-on-year, with Jiangxi Province cutting output by 10%. This dual policy squeeze left global markets strained, particularly as Western nations struggle to replace Chinese supplies.
Demand-side pressures are equally critical. New energy sectors, including photovoltaic tungsten wires (penetration exceeding 12%) and nuclear fusion reactors requiring 3,000 tons of tungsten, drove unprecedented consumption. Military demand also rose amid geopolitical tensions, while high-end manufacturing—such as precision carbide tools for EVs and industrial robots—bolstered premium applications. Speculative hoarding by suppliers further exacerbated shortages, with tungsten powder prices hitting 364 yuan/kg by June 2025. Despite short-term market corrections, long-term scarcity and strategic stockpiling by the EU and U.S. suggest sustained upward momentum.
Due to the reasons for the increase in tungsten carbide costs, the price of drill bits has been adjusted. If you place an order, please consult for the latest price.
Post time: Aug-14-2025