Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices remain stable at high levels, with the market showing sensitive sentiment and a strong wait-and-see atmosphere, resulting in sluggish actual transactions. 

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 ore by 718 million tons, and gold by 364 tons. Currently, the region has identified reserves for 149 types of minerals, with coal, lead, zinc, silver, and rare earths leading the nation in proven resource quantities.

Molybdenum market update on July 29, 2025

The domestic molybdenum market is showing an overall upward trend, with prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder increasing by approximately 20 yuan per ton-unit, 2,000 yuan per ton, and 5 yuan per kilogram, respectively.

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).