Tungsten News

Tungsten News
Guangxi Will Increase the Exploration of Strategic Mineral Resources Such as Tungsten and Aluminum 62

Recently, the Natural Resources Department of Guangxi Zhuang Autonomous Region issued a notice on several measures to strengthen the assurance of natural resource elements to support the sustained economic recovery and improvement. The notice states that efforts will be made to ensure the supply of mineral resource elements: the “15th Five-Year Plan” implementation scheme for Guangxi’s new round of strategic action for breakthroughs in mineral exploration will be formulated, intensifying exploration efforts for strategic mineral resources urgently needed for the…

Tungsten News
China’s Molybdenum Product Import and Export Data in February 2025 80

The following is the import and export data of Chinese molybdenum products compiled by Chinatungsten Online based on information released by the General Administration of Customs of China: For January-February 2025, China’s cumulative molybdenum product imports totaled 13,775.79 tons, a year-on-year increase of 38.95%. The cumulative import value was 1.936 billion yuan, up 46.83% year-on-year. Among them, from January to February, China imported 887.88 tons of roasted molybdenum ores and concentrates, up 34.53% year-on-year; 10,718.00 tons of other molybdenum ores…

Tungsten News
Tungsten and Cobalt Markets: Constrained Supply Meets Weak Demand 68

Analysis of latest tungsten market from Chinatungsten Online Tungsten price trends are diverging. Recently, raw material holders have shown an increased willingness to push prices higher, but downstream consumers remain unenthusiastic about buying. The market fundamentals continue to reflect a standoff between constrained supply and lackluster demand, with the overall recovery pace still uncertain. The price of 65% wolframite concentrate is reported at $19,859.2/ton. Supply constraints persist due to declining resource grades and controlled mining output, with few new domestic…

Tungsten News
China’s Molybdenum Product Import and Export Data in January 2025 76

The following is the import and export data of Chinese molybdenum products compiled by Chinatungsten Online based on the information released by the General Administration of Customs of China: In January 2025, China’s molybdenum product imports totaled 7,268.66 tons, a month-on-month decrease of 13.46% and a year-on-year increase of 8.29%. The import value was 1.038 billion yuan, down 13.17% month-on-month but up 43.50% year-on-year. Among them, in January 2025, China imported 347.88 tons of roasted molybdenum ores and concentrates, up…

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Molybdenum Market Update – March 24, 2025 89

Molybdenum market update on March 24, 2025 At the beginning of the week, the overall domestic molybdenum market improved slightly, mainly reflected in the rebound of product prices and the increase in the enthusiasm of downstream users to inquire and purchase. Today, the prices of molybdenum concentrate, ferromolybdenum and molybdenum powder are consolidated at around 3,330 yuan/ton, 218,000 yuan/ton and 400 yuan/kg respectively. Recently, the steel companies that have bid for ferromolybdenum include Huaigang Special Steel, Northeast Special Steel, Dongfang…

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Rare Earth Market Update – March 24, 2025 110

Rare earth market update on March 24, 2025 The overall domestic rare earth market is generally normal, mainly due to the low willingness of suppliers to reduce prices and the difficulty of downstream users to improve their rigid purchasing status. Today, the prices of praseodymium-neodymium metal, terbium oxide and dysprosium oxide dropped by about 2,000 yuan/ton, 20 yuan/kg and 10,000 yuan/ton respectively. According to China Tungsten Online, the price center of gravity of rare earth raw materials has dropped to…

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Tungsten Market Stalemate Awaits Breakthrough 117

Analysis of latest tungsten market from Chinatungsten Online On Monday, tungsten prices remained stable, with tight resource availability at the mining end and lackluster downstream terminal demand continuing to pull the market in opposite directions. This essentially reflects a contest between the long-term strategic value of tungsten and short-term economic cycles. Divergent views between bullish and bearish market participants are evident, leading to a stagnant trading atmosphere and pervasive wait-and-see sentiment. The price of 65% wolframite concentrate saw a slight…

Tungsten News
Rare Earth Market Update – March 21, 2025 94

Rare earth market update on March 21, 2025 This week, the domestic rare earth market has generally maintained a stable trend, with no significant changes in product prices and moderate transaction volumes. This stability stems from the conflicting dynamics of suppliers’ reluctance to sell and their firm pricing stance, juxtaposed against the difficulty of increasing downstream demand. Currently, industry participants are primarily focused on the issuance of the first batch of rare earth mining quotas for this year. According to…

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Molybdenum Market Update – March 21, 2025 124

Molybdenum market update on March 21, 2025 This week, the overall domestic molybdenum price continued to decline, primarily due to heightened panic among suppliers, persistent price suppression by steel companies, and limited influence from the international molybdenum market. However, factors such as steady downstream demand, increased support from production costs, and a stabilization and rebound in international molybdenum prices toward the weekend have led to a narrower decline in molybdenum product prices compared to the previous week. According to CTIA…

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Rare Earth Magnetic Materials Output in Baotou City Increased by More Than 66% in January-February 2025 82

According to the Baotou Industry and Information Bureau, from January to February 2025, the industrial added value of large-scale enterprises in Baotou City grew by 16.0% year-on-year, an acceleration of 1.7 percentage points compared to the full year of the previous year. This growth rate exceeded the national average (5.9%) by 10.1 percentage points and the Inner Mongolia regional average (5.8%) by 10.2 percentage points, marking 54 consecutive months of double-digit growth. From January to February, among Baotou City’s six…

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