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March 18, 2026

Tungsten prices in the UK and global markets have experienced an unprecedented surge, with some market indicators showing increases of over 200% over the past year as of March 2026. This "supply crunch" has been driven by severe export restrictions from China, which controls over 80% of global production and a significant increase in demand for defense and high-tech manufacturing. Chinese export restrictions on tungsten products have created critical shortages.
UK Impact: The soaring costs have forced higher prices for tungsten-heavy components. Prices for tungsten carbide cutting tools and industrial blades have increased significantly, with a reported 37–43% rise in production costs. This is causing a dramatic price increase on guillotine blades.
Market Projections: You dont need a crystal ball to know that the price is predicted to continue rising, potentially doubling again by the end of 2026. UK businesses are being advised to establish strategic inventories to hedge against further price volatility. The market is experiencing a "supply crunch" with low inventories, leading to potential delays and higher costs.
If you havent already, now is the time to stock up on your guillotine blades & trimmer blades. The increase will not just affect Tungsten guillotine blades, HSS blades are 18% Tungsten so you will notice the prices increasing on these as well as tungsten coated drill bits.

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