As of March 6, 2026, the rare metal scrap market continues to be affected by China’s export restrictions, as in the previous month. However, nickel-related scrap remains roughly flat month-on-month. Meanwhile, tungsten-related materials continue to rise due to the relentless increase in the tungsten APT market price. In addition, a conflict in the Middle East began last month, and news reports have highlighted the closure of the Strait of Hormuz and delays at major airports. These developments may lead to higher logistics costs, but current domestic prices have not yet been significantly affected. However, there are expectations that the impact may gradually appear from late March and into April.
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