"Shanghai Securities News: Tight supply, tungsten prices are expected to move higher."

On one hand, there are export controls and restrictions on the outflow of tungsten products, and on the other hand, there are tighter quotas for mining and a year-on-year decrease. The policy is guiding the tungsten industry towards high-end and green development through a "dual-control" approach. Industry insiders say that after export controls, the price difference between domestic and foreign tungsten prices may widen, leading to a reduction in overseas ore imports, while the total mining quota for the first batch of tungsten mines in 2025 is also down compared to previous years. The tight supply fundamentals support the strong performance of tungsten prices, with leading companies collectively adjusting their prices. Since tungsten is widely used in industry and resonates with manufacturing, a recovery in manufacturing may boost demand for tungsten in the future. In the long term, recycling and regeneration technologies, as well as cost reduction and efficiency improvement, may become key factors in the development of enterprises, signaling a shift in the tungsten industry from "resource control" to "technology control".