Despite the steep rise, there are early signs of short-term stabilization. Some market reports from May 2026 indicate slight price corrections as buyers resist further increases and inventories adjust.

Global Tungsten Carbide price increases: What’s driving the market and what it means for Harlen Supplies

Tungsten carbide sits at the hard end of the hardness scale — which is exactly why it’s used in high-wear drilling components where edge retention and abrasion resistance are non-negotiable. When tungsten input costs move, drilling tool pricing moves with it.