Molybdenum market update on March 7, 2025

This week, the domestic molybdenum market in China exhibited an overall pattern of volatile decline, primarily attributed to the continuous drop in steel procurement price, a weak international molybdenum market, relatively abundant spot supply in the market, and a wavering confidence among suppliers in maintaining stable prices.

Molybdenum market update on March 6, 2025

Domestic molybdenum price is showing an overall downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder continuing to decline by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

According to the Legal Information Network of the Ministry of Justice of Tajikistan, President Emomali Rahmon has ordered the declassification of data on the Ikal tungsten-gold deposit located 60 kilometers from Khorog in the Rushan District of the Gorno-Badakhshan Autonomous Region. This move aims to attract foreign investment. Currently, relevant data on this deposit is stored in the National Geological Information Reserve of the Tajikistan Geology Service. In addition to tungsten and gold, the deposit also contains copper and cobalt.

On February 28th, in response to recent inquiries from enterprises and following communication with relevant departments of the General Administration of Customs, the Ministry of Commerce (MOFCOM) provided answers to common identification questions regarding tungsten, tellurium, and related items. One of the highly anticipated questions was whether ammonium metatungstate falls under the scope of dual-use item controls.