Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remained stable on Monday, as the tug-of-war between market supply and demand remained intense. Overall trade confidence was under pressure, and transaction prices mainly referred to the long-term contract prices of major tungsten enterprises.

According to data from the United States Geological Survey (USGS), in 2024, the United States' molybdenum concentrate production is expected to be 33,000 tons, a year-on-year decrease of about 2.94%, accounting for 12.69% of the world's total production; the import volume of molybdenum ore and its concentrate is expected to be 16,000 tons, a year-on-year decrease of about 1.23%; the import volume of molybdenum primary products is expected to be 13,000 tons, a year-on-year decrease of about 3.70%; the export volume of molybdenum ore and its concentrate is expected to be 45,000 tons, a year-on-year decrease of about 8.16%; the export volume of molybdenum primary products is expected to be 5,500 tons, a year-on-year increase of about 30.02%; the reported consumption is 16,000 tons, the same year-on-year; the apparent consumption is 12,000 tons, a year-on-year increase of about 10.09%.

According to data from the United States Geological Survey (USGS), in 2024, the import volume of tungsten ore and concentrate in the United States will be about 1,500 tons, a year-on-year decrease of about 8.54%; the import volume of other tungsten products will be about 8,900 tons, a year-on-year decrease of about 11.00%; the export volume of tungsten ore and concentrate will be about 2,000 tons, a year-on-year increase of about 10.42%; the export volume of other tungsten products will be about 3,300 tons, a year-on-year decrease of about 32.45%; the price of tungsten concentrate denominated in WO3/KT is expected to be US$250, a year-on-year decrease of about 3.10%. Note: Other tungsten products include tungstate, ferrotungsten, tungsten carbide, tungsten powder, unwrought tungsten, wrought tungsten forms and tungsten waste.

Molybdenum market update on February 24, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways trend.

It was learned from the website of the Ministry of Natural Resources that according to the "Notice of the General Office of the Ministry of Natural Resources on Issuing the Guidelines for the Preparation of Mineral Resources (Non-Oil and Gas) Development and Utilization Plans" (Natural Resources Office [2024] No. 33) and other relevant regulations, the Oil and Gas Resources Strategic Research Center of the Ministry of Natural Resources organized experts to review the "Tungsten-Lead Mine Mineral Resources Development and Utilization Plan in Daluchang Mine Area, Mangshi City, Yunnan Province", and it has passed the expert review.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices have come under overall pressure and declined this week. 

Molybdenum market update on February 21, 2025

This week, the domestic molybdenum market remained subdued.

In 2024, Peru's mining exports shone brightly, with molybdenum, as one of the key mineral products, achieving an export value of $1.71 billion throughout the year, marking an increase of over 22% year-on-year and accounting for approximately 2.3% of Peru's total exports.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are under pressure and consolidating, with weak coordination between the demand and supply sides. Actual transaction activity is slightly weaker, and the market is watching the performance of long-term purchase prices by tungsten enterprises in the second half of the month.

Recently, the United States Geological Survey (USGS) released the global tungsten production and reserves in 2024, as well as the situation of the U.S. tungsten industry. The following is the relevant content compiled by China Tungsten Online.