Analysis of Latest Tungsten Market from Chinatungsten Online 

This week, tungsten prices showed a stable and slightly upward trend, mainly driven by the upstream market sentiment, downstream rigid demand for inventory replenishment and the international strong atmosphere. 

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.

Molybdenum market update on July 3, 2025

The domestic molybdenum market continues to maintain an upward trend, mainly reflected in the continuous increase in molybdenum raw material prices, rising downstream inquiries, and moderate market transactions. Today, the prices of molybdenum concentrate and molybdenum iron are approximately 3,830 yuan/ton-degree and 244,000 yuan/ton, respectively.

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.