Many listed tungsten companies made big profits in the first quarter. Analysts say that tungsten prices are expected to remain at high levels in the long term.

The price of tungsten continues to rise, opening up profit space for the industrial chain, and the performance of many tungsten companies listed on the stock market has greatly increased. On the evening of April 27th, Zhangyuan Tungsten Industry released its first quarter report, with the company achieving operating income of 2.631 billion yuan in the first quarter of 2026, a year-on-year increase of 121.76%; net profit of 381 million yuan, a year-on-year increase of 795.78%; and non-recurring net profit of 378 million yuan, a year-on-year increase of 824.73%. In fact, in the past year, the prosperity of the tungsten industry has continued to rise, and similar cases of greatly increased performance like Zhangyuan Tungsten Industry have frequently occurred in the industry. In the first quarter of this year, Xiamen Tungsten Industry achieved operating income of 15.743 billion yuan, an 86.99% year-on-year increase; net profit of 1.107 billion yuan, a significant increase of 189.14% year-on-year; and non-recurring net profit of 1.097 billion yuan, a year-on-year increase of 198.64%. Zhongwang High-Tech's performance is also impressive, achieving operating income of 7.007 billion yuan in the first quarter, a year-on-year increase of 106.47%; and net profit reaching 921 million yuan, a year-on-year increase of 264.44%. Industry analysts believe that the tight supply and demand balance in the tungsten industry will exist for the long term, and tungsten prices are expected to maintain a high level of operation for the long term, with the industry's high level of prosperity demonstrating sustainability.