Surging Tungsten Prices Reshape Global Cutting Tool Trade
Persistent geopolitical tensions have kept global tungsten prices elevated, pushing tungsten carbide (WC) and metal cutting tools into a strong upward price cycle. Leading Chinese carbide tool manufacturers including Huarui Precision have issued multiple price hikes to offset raw material inflation. Meanwhile, Okoyo’s Q1 2026 financial forecast shows a 20-fold year-on-year profit increase, marking a clear industry shift: Chinese manufacturers with advanced coating technology and optimized tool structures are rapidly replacing high-priced Japanese and European imported tools.Based on full 2025-year and Q1 2026 customs trade data, this article deeply analyzes the import and export patterns of coated carbide tools and non-coated general cutting tools. It also explains how China’s 2026 tungsten export controls on Japanese military-related enterprises create a historic import substitution window for Chinese carbide tools, providing practical TCO reduction strategies for global metalworking sourcing managers.
