Tungsten News

Tungsten News
Two New Molybdenum Bases Will Be Added in Xinjiang in 2024 103

According to a report from the iNature website, in 2024, the Xinjiang Uygur Autonomous Region leveraged its resource endowments and geographical advantages to continue implementing a new round of strategic breakthroughs in mineral exploration. This effort resulted in the addition of six large-scale resource bases: the Yumin Sujiuhe 500,000-ton molybdenum base, the Shanshan Nanhu Gobi-Quelridge million-ton copper-molybdenum base, the Hami Weiya-Niumaoquan billion-ton iron and ten-million-ton titanium base, the Atushen Puchang-Karajun billion-ton iron and ten-million-ton titanium base, the Qiemo-Ruoqiang trillion-cubic-meter shale…

Tungsten News
Guangxi Guixi: a Major Breakthrough in Prospecting for Youjiang Basin Tungsten-Tin Deposit 75

On February 21, the national key scientific and technological project “Deep Earth,” under the sub-project titled “Positioning Mechanism and Prospecting Breakthrough of Tin-Antimony-Gold Deposits in the Yunnan-Guizhou-Guangxi Border Region,” was officially launched. Xiao Changhao, an expert in ore-field tectonics from the Institute of Geomechanics, is the lead researcher for the project “Discovery of a New Type of Tungsten-Tin Deposit in a New Stratum in the Youjiang Region of Western Guangxi,” which was listed among the “Top Ten Geological Science and…

Tungsten News
Plants Contain Rare Earth Enrichment Codes 48

Recently, Xinhua News Agency reported that a new study from Australia has revealed that certain plants, over the course of their long evolutionary history, have developed a unique ability to enrich and utilize rare earth elements. Typical examples include the Dicranopteris linearis (a fern species) from Southeast Asia’s Bangka Island and the fern Diplazium species. This discovery provides fresh insights for the development of new technologies in related fields. Rare earth elements, often dubbed “industrial vitamins,” refer to a group…

Tungsten News
Molybdenum Market Update – March 28, 2025 101

Molybdenum market update on March 28, 2025 This week, domestic molybdenum price exhibited an overall trend of fluctuating upward movement, primarily attributed to strong reluctance to sell and bullish sentiment among molybdenum mining companies in recent days, rising steel tender prices, steady downstream demand, and a relatively favorable non-ferrous metals market. However, as molybdenum product prices increased, downstream users became more cautious due to heightened price concerns, and with limited liquidity, market demand struggled to grow further. According to China…

Tungsten News
Rare Earth Market Update – March 28, 2025 95

Rare earth market update on March 28, 2025 This week, the domestic rare earth market exhibited an overall trend of fluctuating decline. With weak supply and demand, coupled with the absence of significant positive news, traders have largely maintained rigid transactions and adopted a wait-and-see approach. This has led to low market activity and sluggish order growth. The main reasons for the difficulty in increasing market demand are as follows: First, as news of the impending resumption of Myanmar’s rare…

Tungsten News
Tungsten Weekly: Small Prices Rise, Supply-Demand Deadlock 130

Analysis of latest tungsten market from Chinatungsten Online This week, tungsten prices showed a slight upward trend, with ongoing and intensifying competition between the upstream and downstream segments of the industrial chain. The market’s bullish and bearish momentum displayed characteristics of a phased transition. The contradiction between tungsten’s strategic resource attributes and short-term economic cycles continued to persist, and under the tug-of-war between supply and demand, the recovery trajectory of the tungsten industry remains to be observed. The price of…

Tungsten News
Molybdenum Market Update – March 27, 2025 123

Molybdenum market update on March 27, 2025 The overall focus of domestic molybdenum price continues to shift slightly upward, with molybdenum concentrate prices rising by approximately 20 yuan per ton-degree, breaking through the 3,400 yuan per ton-degree threshold, while ferromolybdenum and molybdate prices each increased by about 1,000 yuan per ton. Under these circumstances, price negotiations among traders have intensified, mainly reflected in smaller price increase margins and a reduction in downstream inquiries. According to China Tungsten Online, the main…

Tungsten News
Rare Earth Market Update – March 27, 2025 75

Rare earth market update on March 27, 2025 The overall performance of the domestic rare earth market remains lackluster. As positive factors gradually diminish, the consumer market is slowly shifting from being seller-driven to buyer-driven. This is primarily reflected in the varying degrees of price declines for most products and the relatively low actual trading volumes. In the short term, industry players are closely monitoring whether Myanmar’s rare earth mines can resume customs clearance and the issuance of the first…

Tungsten News
Tungsten Prices Consolidate Amid Supply-Demand Tug-of-War 83

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices are consolidating amid market gamesmanship, with a clear pattern of strong supply and weak demand, leaving limited room for price fluctuations. The current psychological price level in the market has slightly increased compared to the long-term contract prices of major enterprises, primarily driven by cost pressures due to tight tungsten ore resources. However, insufficient support from downstream terminal demand has led to cautious mutual probing in the market, with a…

Tungsten News
Molybdenum Market Update – March 26, 2025 102

Molybdenum market update on March 26, 2025 The domestic molybdenum market is showing an overall trend of stabilizing and rebounding, with the price of molybdenum concentrate rising by approximately 50 yuan per ton-degree. Driven by the significant increase in molybdenum raw material prices, the prices of ferromolybdenum, molybdate, and molybdenum products have also seen varying degrees of upward movement. However, under the interplay of bullish and bearish factors, industry participants hold slightly differing views on the market outlook, with some…

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