HonWay Materials co., Ltd.

Since the beginning of 2026, the global supply chain has once again faced severe challenges. With the escalation of geopolitical conflicts in the Middle East, particularly the surge in the risk of the Strait of Hormuz being blocked due to the US-Iran conflict, not only have crude oil prices fluctuated, but a supercycle in the price of the strategic metal tungsten has also been triggered. This storm has quietly spread to the downstream industrial diamond and superhard material tool markets.