Tungsten carbide, a compound formed by combining tungsten and carbon, is renowned for its exceptional hardness and durability. It is widely used in industrial applications, such as cutting tools and wear parts, as well as in jewelry due to its scratch resistance and stylish appearance. However, the question remains: is tungsten carbide considered a precious metal? To answer this, we need to explore the properties and uses of tungsten carbide and compare it with traditional precious metals.
Tungsten carbide is a highly durable material that has gained significant popularity across various industries due to its unique properties and applications. This article explores the cost of tungsten carbide, its characteristics, applications, and the factors influencing its price.
Tungsten carbide, a compound of tungsten and carbon, has emerged as one of the most valuable industrial materials due to its exceptional hardness, durability, and resistance to wear and corrosion. With applications spanning manufacturing, construction, aerospace, and even jewelry, this material commands significant economic and functional value. Recyclers pay between $5 to $10 per pound for tungsten carbide scrap, while the global market, valued at $21.6–22.36 billion in 2024, is projected to grow at a 4.93–5.5% CAGR through 2032–2033. Below, we explore its worth, applications, recycling potential, and market dynamics.