The price of ammonium metatungstate (AMT) is influenced by overall fluctuations in the tungsten market, primarily driven by raw material costs, production processes, and downstream demand. Calculated as WO₃ equivalent, AMT’s market price typically fluctuates between $30,000 and $40,000 per ton (approximately 210,000–280,000 CNY, estimated as of March 2025). The following are recent trends:
• 2018–2020: Tungsten prices were low, with AMT prices stable at $25,000–$30,000 per ton due to global economic slowdown and excess inventory.
• 2021–2022: Post-pandemic industrial recovery increased tungsten demand, pushing AMT prices to as high as $35,000 per ton.
• 2023–2025: Prices have stabilized but are expected to rise slightly, driven by demand in new energy and catalyst applications.
Compared to ammonium paratungstate (APT, approximately $30,000 per ton), AMT is slightly more expensive due to its more complex production processes (e.g., ion exchange) and its positioning in higher-value markets. Tungsten ore prices ($15,000–$20,000 per ton of WO₃) are the primary cost driver, accounting for 60%–70% of AMT production costs.
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