Analysis of Latest Tungsten Market from Chinatungsten Online

After the Fujian state-owned tungsten enterprises announced the long-term purchase price, two representative tungsten enterprises in Jiangxi also released tungsten raw material quotations, with a roughly consistent increase in half a month (8.3%-8.7%). 

According to Fujian Daily, Zijin Mining recently received a resource reserve evaluation approval certificate from the Fujian Provincial Natural Resources Evaluation Center for its "Zijinshan Mine Northeast Ore Section Copper Exploration Report." This copper mine, identified as the largest porphyry copper-molybdenum deposit discovered in Fujian in nearly 20 years, has a cumulative ore volume of 340 million tons, with 1.33 million tons of copper metal resources and 90,000 tons of molybdenum metal resources.

Molybdenum market update on May 20, 2025

The domestic molybdenum market continues to operate steadily, with product prices showing minimal changes and transaction volumes at an average level, driven by a relatively balanced supply-demand dynamic and no significant policy announcements. Industry participants are currently focusing on the shipment trends of molybdenum mining companies and the pricing and volume performance of steel mill tenders.

As of 12:23 AM PDT on Tuesday, May 20, 2025, recent information from the Jiangxi Provincial Department of Natural Resources indicates that the fourth quarter of 2024 saw the addition of 242 new geological data entries, including 8 related to the tungsten industry, 3 to the molybdenum industry, and 11 to the rare earth industry. Below is a compiled list of new geological data entries related to the tungsten, molybdenum, and rare earth industries, organized by CTIA GROUP LTD: