钨价狂飙 1个月上涨近50%｜经济周刊·理财

Group 1 - Tungsten prices have surged nearly 50% over the past month, leading to a systematic revaluation of tungsten and related industries due to rigid supply and explosive demand [1][2] - The recent spike in tungsten prices has driven the non-ferrous metal sector's stock prices, with the China Securities Rare Metals Theme Index rising 3.51% as of February 11, 2026, and key stocks like Zhangyuan Tungsten and Dongfang Tantalum hitting their daily limits [2] - The price increases are attributed to stricter safety and environmental regulations in mining, resulting in temporary supply tightness, alongside stable demand from downstream sectors such as PCB tools [2] Group 2 - The current market is evolving from a simple commodity bull market to a "resource revaluation" super cycle driven by multiple long-term logic factors [3] - Tungsten's strategic value is highlighted as a countermeasure metal with highly concentrated global resources and slow new capacity release, alongside rising demand from high-end manufacturing sectors like AI and semiconductors [3] - As of January 30, 2026, the top ten stocks in the China Securities Rare Metals Theme Index accounted for 59.71% of the index, suggesting significant investment opportunities in the sector through rare metal ETFs and related funds [3]