In the first half of 2025, under the influence of structural tightening on the supply side, rigid support from downstream demand, and the interweaving of international geopolitical risks, China's tungsten market showed a composite operating characteristic of "fluctuating upward-repeatedly setting new highs-periodic correction-high-level fluctuations".

On June 26th, CMOC group announced the completion of the acquisition of Canadian - listed company Lumina Gold, officially acquiring a 100% stake in the Cangrejos Project in Ecuador. The transaction was completed on June 24th, 2025. 

Molybdenum market update on June 30, 2025

The domestic molybdenum market maintained an overall weak trend at the beginning of the week, with a mix of bullish and bearish factors leading to intense price negotiations between buyers and sellers, resulting in moderate transaction activity.

Molybdenum market update on June 27, 2025

This week, the domestic molybdenum prices showed an overall downward trend, with the decline of some products slightly expanding.