Is it possible that tungsten prices will fall in 2025?

In the short term (over the next few months), tungsten prices are likely to enter a period of high volatility. The market will need time to digest the significant increases seen previously. Weak demand in traditional sectors and downstream consumer acceptance of high prices remain to be seen. Supply-side constraints also persist, limiting the potential for price declines.

In the medium to long term (through 2025), tungsten price trends will depend on whether "emerging demand growth" can effectively offset "weak traditional demand" and the speed and cost of global supply chain restructuring. If the overall manufacturing recovery falls short of expectations or if overseas supply projects progress faster than expected, downward pressure could result. However, supported by China's strict supply controls and its strategic position, tungsten prices are expected to remain at historically high levels overall, with a low likelihood of a significant decline.