Tungsten News

Tungsten News
Added Value of Baotou’s Rare Earth Industry Increased by Over 16% in the First Half of 2025 70

According to the Baotou Statistical Micro-Message, in the first half of 2025, the added value of large-scale industries in Baotou City increased by 12.3% year-on-year, surpassing the national average (6.4%) and the regional average (7.1%) by 5.9 and 5.2 percentage points, respectively, maintaining double-digit growth for 58 consecutive months. In the first half of the year, the added value of the mining industry increased by 21.0%, manufacturing by 11.4%, and the production and supply of electricity, heat, gas, and water…

Tungsten News
Inner Mongolia Will Add 1.14 Million Tons of Molybdenum Resources from 2021 to 2024 117

Recently, the Inner Mongolia Daily reported that during the “14th Five-Year Plan” period, the Inner Mongolia Autonomous Region invested a total of 2.61 billion yuan in geological exploration, identifying vast mineral resources rich in iron, niobium, and rare earths in the Baiyun Ebo South mining belt. From 2021 to 2024, Inner Mongolia leveraged 2.655 billion yuan in social funds for geological exploration, achieving significant growth in strategic mineral resource reserves. For instance, molybdenum resources increased by 1.1427 million tons, iron…

Tungsten News
2025 China 500: Tungsten Enterprises 119

On July 22, 2025, Fortune magazine released the 2025 China 500 ranking, featuring several molybdenum, rare earth, and tungsten enterprises, including Xiamen Tungsten Co., Ltd. (ranked 395th with 2024 revenue of 4,891.7 million USD), Luoyang Molybdenum Industry Co., Ltd. (ranked 138th with 2024 revenue of 29,607.1 million USD), and China Northern Rare Earth (Group) High-Tech Co., Ltd. (ranked 415th with 2024 revenue of 4,581.7 million USD). In 2024, Xiamen Tungsten achieved revenue of 35.271 billion yuan, a decrease of 10.48%…

Tungsten News
Molybdenum Market – July 28, 2025 78

Molybdenum market update on July 28, 2025 At the beginning of the week, the domestic molybdenum market maintained a high-level sideways trend, with moderate trading activity and product prices fluctuating within a reasonable range. This is due to strong reluctance to sell and bullish sentiment among molybdenum mining companies, contrasted by heavy price suppression from downstream users. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder are approximately 4,080 yuan per ton-unit, 265,000 yuan per ton, and 460 yuan…

Tungsten News
Rare Earth Market – July 28, 2025 85

Rare earth market update on July 28, 2025 At the beginning of the week, the overall domestic rare earth market sentiment was moderate, with mainstream product prices largely stabilizing within a reasonable range due to low downstream user inquiry and procurement enthusiasm, limited supplier price concessions, and a lack of new orders. Today, the prices of praseodymium oxide, praseodymium-neodymium metal, and dysprosium oxide are approximately 535,000 yuan per ton, 630,000 yuan per ton, and 1,660,000 yuan per ton, respectively. Industry…

Tungsten News
Tungsten Prices Soar 35%, Cemented Carbide Companies Cry Foul 159

Analysis of Latest Tungsten Market from Chinatungsten Online On Monday, the frenzy of tungsten prices continued to unfold, with raw material prices reaching unattainable heights, leaving downstream cemented carbide companies in distress. Industry insiders are calling for the market to urgently return to a rational track, addressing supply-demand imbalances and cost transmission mechanisms, while exploring paths for steady price increases and sustainable corporate development to ensure the healthy growth and long-term prosperity of the tungsten industry. As of press time,…

Tungsten News
Surging 30%, Tungsten Ore Price Reaches RMB 190,000! 606

Analysis of Latest Tungsten Market from Chinatungsten Online Tungsten prices rose strongly this week. The main support for the market comes from the continued tight supply of tungsten concentrate, due to the summer weather characteristics and natural conditions in the mining area, policy regulation and market sentiment, international geopolitical and economic environment, and sudden regional conflicts. Cost pressure is transmitted to the middle and downstream industrial chain step by step. The price of major tungsten raw materials rose by about…

Tungsten News
Molybdenum Market – July 25, 2025 395

Molybdenum market update on July 25, 2025 This week, domestic molybdenum market exhibited a pattern of initial suppression followed by a rebound. At the beginning of the week, the market entered an adjustment phase after a rapid price increase, compounded by declining steel mill tender prices and low downstream procurement inquiry activity, prompting suppliers to slightly lower quotations to facilitate transactions. Toward the weekend, influenced by major molybdenum mining companies raising their molybdenum concentrate sales prices, other suppliers’ confidence in…

Tungsten News
Rare Earth Market – July 25, 2025 341

Rare earth market update on July 25, 2025 This week, the price trends for domestic light and heavy rare earths showed clear differences: mainstream light rare earth product prices fluctuated upward, with the price increase widening toward the weekend; heavy rare earth prices remained in a state of slight decline, though the downward adjustment narrowed toward the weekend. According to CTIA GROUP LTD, the primary reasons for the significant rise in praseodymium-neodymium prices this week include: firstly, active online trading…

Tungsten News
Is It Normal for Tungsten Prices to Remain High? 1,396

Analysis of Latest Tungsten Market from Chinatungsten Online ▏ Current Situation of Tungsten Price: The price of tungsten raw materials continues to rise. Due to the reluctance to sell and the high price of tungsten ore, the overall tungsten market maintains an upward trend driven by costs. The price of tungsten waste and scrap fluctuates, some of which maintain a strong attitude, and some traders cash in profits, and the market price difference has widened. As of press time, 65%…

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