Recently, Zhangyuan Tungsten Industry released a report stating that the company achieved operating revenue of 3.673 billion yuan in 2024, a year-on-year increase of 8.02%; operating profit of 224 million yuan, up 27.89% year-on-year; net profit attributable to the parent company of 177 million yuan, up 23.25% year-on-year; non-GAAP net profit of 185 million yuan, up 36.41% year-on-year; and basic earnings per share of 0.15 yuan, up 25.00% year-on-year. By the end of the reporting period, total assets reached 4.95 billion yuan, a year-on-year increase of 1.53%, and equity attributable to the parent company was 2.136 billion yuan, up 4.89% year-on-year.

Analysis of latest tungsten market from Chinatungsten Online

The overall trend of tungsten prices remains in a stalemate, showing weak stability. The complex international political and economic environment, coupled with sluggish industry demand, continues to exert bearish pressure on market sentiment.

Molybdenum market update on March 5, 2025

The domestic molybdenum market continues to operate on a generally weak trend, primarily reflected in the slight downward shift in the price center of most products and a lack of confidence among industry participants regarding the future market outlook. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder have decreased by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

Analysis of latest tungsten market from Chinatungsten Online