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Since 2025, global tungsten market prices have experienced significant fluctuations. In 2025, the price of tungsten concentrate raw materials rose by 218% cumulatively, and the supply of raw materials in the global tungsten industry market has remained consistently tight. Against this backdrop, the trade activity of tungsten scrap has notably increased, particularly in recycled resources such as cemented tungsten carbide scrap, which has drawn high attention from markets worldwide. Related international trade activities have become increasingly frequent.
To promote international trade in the tungsten market, assist global upstream and downstream enterprises in better grasping market dynamics and obtaining timely spot market information, and reduce cross-border transaction risks and costs, SMM has conducted in-depth research on the recycled metal markets in India and Europe. Starting from February 13 2026 SMM will add new price points: Tungsten Carbide Drill Bits Scrap, in-whs Europe; Tungsten Carbide Inserts Scrap, in-whs Europe; Tungsten Carbide Drill Bits Scrap FOB India; Tungsten Carbide Inserts Scrap FOB India, for market reference.
- Price Point: Tungsten Carbide Drill Bits Scrap, in-whs Europe
- Product Description: WC ≥ 90%, In-whs Europe (Germany, Austria, Sweden)
- Product Standard: Includes solid carbide drills, scrap end mills, etc., with tungsten carbide (WC) content of 90–92%.
- Pricing Unit: EUR/kg
- Minimum Quantity: ≥ 0.5 ton
- Release Time: Weekly, before 12:00 London time every Thursday (working day)
- Price Point: Tungsten Carbide Inserts Scrap, in-whs Europe
- Product Description: WC ≥ 80%, In-whs Europe (Germany, Austria, Sweden)
- Product Standard: Includes scrap CNC turning, milling, and drilling inserts. Tungsten (W/WC) content in this category of scrap ranges from 80% to 90%. Materials must be clean, with no contamination from steel screws, gaskets, solder, or other foreign objects.
- Pricing Unit: EUR/kg
- Minimum Quantity: ≥ 0.5 ton
- Release Time: Weekly, before 12:00 London time every Thursday (working day)
- Price Point: Tungsten Carbide Drill Bits Scrap FOB India
- Product Description: WC ≥ 90%, FOB Indian ports
- Product Standard: Includes solid carbide drills, scrap end mills, etc., with tungsten carbide (WC) content of 90–92%.
- Pricing Unit: USD/kg
- Minimum Quantity: ≥ 0.5 ton
- Release Time: Weekly, before 17:00 New Delhi time every Thursday (working day)
- Price Point: Tungsten Carbide Inserts Scrap FOB India
- Product Description: WC ≥ 80%, FOB Indian ports
- Product Standard: Includes scrap CNC turning, milling, and drilling inserts. Tungsten (W/WC) content in this category of scrap ranges from 80% to 90%. Materials must be clean, with no contamination from steel screws, gaskets, solder, or other foreign objects.
- Pricing Unit: USD/kg
- Minimum Quantity: ≥ 0.5 ton
- Release Time: Weekly, before 17:00 New Delhi time every Thursday (working day)
For the complete methodology, please consult Shanghai Metals Market.
Juno Zhu, 021-5166-6729, zhuqifan@smm.cn
SMM Tungsten & Molybdenum Industry Team
February 12, 2026