位置：中游情绪：利好参考度：6/10
钨价飙升因供应紧张与出口限制
全球钨价大幅上涨，该战略金属表现优于多数主要大宗商品。根据Fastmarkets定价数据，欧洲仲钨酸铵（APT）基准价约为每吨单位2250美元。自2025年初中国实施出口管制以来，钨价涨幅已超557%。北京在中美贸易争端期间将多款钨产品纳入出口管制清单，导致全球买家紧急寻求替代供应源。与此同时，地缘政治紧张局势加剧及军事需求升温加速价格上涨，买家因供应链收紧而消耗库存。
军事需求助推钨价飙升
军事需求成为钨价上涨的关键驱动因素。国防制造商需将钨用于穿甲武器、飞机配重及导弹部件。加拿大蒙特利尔银行资本市场（BMO Capital Markets）分析师乔治·赫佩尔指出，当前钨市场供应极度紧张，且缺乏可快速..
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