Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices are stable, the raw material side is still strong, the demand side is relatively weak, the market maintains the rule of trading on demand, the transaction atmosphere is deadlocked, and a new round of large enterprises are waiting for quotations.

The plan emphasizes ensuring a stable supply of major medical isotopes. It aims to address supply gaps by researching and constructing internationally advanced research reactors and supporting experimental production facilities. This will enable differentiated production and stable supply of key medical isotopes such as molybdenum-99, carbon-14, strontium-89, yttrium-90, iodine-125, iodine-131, and lutetium-177, while breaking through technologies for developing and producing new medical isotopes.

The "Guangdong Wuhua County Baishizhang Mining Area Molybdenum Resource Verification Report," compiled by the Guangdong Institute of Mineral Resources Exploration, has successfully passed its review. The report indicates an additional 100,000 tons of molybdenum metal, elevating the resource scale to a large category. The project’s concession holder, granted mining rights in 2007, originally planned underground mining. However, due to low molybdenum prices at the time, the mine remained unoperational, leaving its resource advantage unexploited economically. To reverse this, in November 2022, the holder commissioned the institute to verify reserves and shifted the mining approach to open-pit extraction.

Molybdenum market update on July 2, 2025

The domestic molybdenum market is exhibiting a stop-and-rebound pattern, with molybdenum concentrate prices increasing by approximately 60 yuan/ton-degree, reclaiming the 3,800 yuan/ton-degree threshold. Industry attention is focused on whether this price surge can sustain and surpass the June highs, an outcome that remains subject to market validation.