Tungsten Price Formula:
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Tungsten is a rare metal known for its high melting point, extreme hardness, and density. It's widely used in industrial applications, electronics, and military equipment.
The calculator uses the simple formula:
Where:
Explanation: This straightforward calculation multiplies the weight of tungsten by its current market price to determine the total value.
Details: Accurate price calculation is essential for traders, manufacturers, and industrial buyers to budget projects, manage inventory costs, and make informed purchasing decisions.
Tips: Enter the weight of tungsten in kilograms and the current market price per kilogram. Both values must be positive numbers.
Q1: Why does tungsten price fluctuate?
A: Tungsten prices are influenced by global supply and demand, mining production levels, geopolitical factors, and industrial consumption patterns.
Q2: What is the typical price range for tungsten?
A: Tungsten prices typically range from $25 to $50 per kilogram, but can vary significantly based on purity, market conditions, and form (ore, powder, or finished products).
Q3: Where is tungsten primarily used?
A: Major applications include carbide cutting tools, military armor, electrical contacts, radiation shielding, and high-temperature applications.
Q4: Does purity affect tungsten pricing?
A: Yes, higher purity tungsten (99.95% and above) commands premium prices compared to lower grade material.
Q5: How often do tungsten prices change?
A: Prices can change daily based on market trading, though long-term contracts may stabilize pricing for industrial buyers.