Recently, according to information from the official website of the Hubei Provincial Department of Natural Resources, in January 2025, the average price of 65% white tungsten concentrate in Hubei was 143,279 yuan/ton, reflecting a month-on-month increase of approximately 1.16% and a year-on-year increase of about 17.47%. The average price of 60% white tungsten concentrate was 142,279 yuan/ton, up approximately 1.17% month-on-month and 17.62% year-on-year. The average price of APT (ammonium paratungstate) was 211,912 yuan/ton, showing a month-on-month increase of about 0.86% and a year-on-year rise of approximately 17.00%. The average price of tungsten carbide powder was 311,235 yuan/ton, with a month-on-month increase of about 0.46% and a year-on-year rise of approximately 16.53%.

Recently, according to information from the official website of the Jiangxi Provincial Development and Reform Commission, in February 2025, the average prices of 65 essential consumer goods monitored in Jiangxi showed a mixed trend: 29 increased, 27 decreased, and 9 remained stable compared to the previous month. Among industrial production materials, tungsten concentrate prices saw a slight increase, rare earth prices rose, steel prices experienced more declines than increases, cement prices edged down slightly, and sand and gravel prices fell.

To further implement the spirit of the "Notice of the Ministry of Finance, the Ministry of Natural Resources, and the State Taxation Administration on Issuing the 'Measures for the Collection of Mineral Rights Transfer Proceeds'" (Cai Zong [2023] No. 10) and the "Notice of the General Office of the Ministry of Natural Resources on Issuing the 'Guidelines for Formulating Market Benchmark Prices for Mineral Rights Transfer Proceeds'" (Zi Ran Zi Ban Han [2023] No. 1905), the Hubei Provincial Department began updating and adjusting the market benchmark prices for mineral rights transfer proceeds in 2025 for 25 mineral types listed in the "Mineral Catalogue" of Cai Zong [2023] No. 10, including tungsten, molybdenum, gold, copper, and phosphorus. This effort resulted in the "2025 Hubei Province Research Results on Market Benchmark Prices for Mineral Rights Transfer Proceeds for 25 Mineral Types Including Gold, Copper, and Phosphorus (Draft for Comments)."

Molybdenum market update on March 14, 2025

This week, the domestic molybdenum market has continued to exhibit a relentless downward trend, with the decline in prices of numerous molybdenum products slightly larger than last week.