Molybdenum market update on March 31, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways operation, mainly reflected in the fact that the prices of most products have not changed significantly and traders have basically maintained rigid transactions.

On March 21, 2025, the Jiangxi Provincial Development and Reform Commission officially released the 2025 Jiangxi Province Key Investment Promotion Projects Catalog (referred to as the "Catalog"), encompassing 649 projects with a total investment of 6716.09 billion yuan. The Catalog clearly outlines the key directions for Jiangxi Province’s investment promotion in 2025, including major infrastructure, 12 key manufacturing industry chains, the healthcare industry, modern services, and modern agriculture. Among these, 387 projects are related to the 12 key manufacturing industry chains, with a total investment of 4296.8 billion yuan. Notably, nine projects within the manufacturing industry chains pertain to the tungsten and molybdenum sectors.

In the first quarter of 2025, China's tungsten market showed a trend of rising first and then falling, and the contradiction between supply and demand was prominent.

According to a report from the iNature website, the 607 Geological Team of the Chongqing Geological and Mineral Bureau, during the key mineral exploration project in Chongqing—the "Xiushan County Ganzhiba Manganese Mine Reconnaissance"—transformed a singular focus on manganese exploration into a comprehensive survey that also included molybdenum and vanadium. This effort led to the discovery of a secondary manganese mineralization center in the Xiaochayuan area, indicating significant prospecting potential in the peripheral regions. This breakthrough in integrated exploration for manganese, molybdenum, and vanadium has been recognized, with the project recently awarded the Second Prize for Outstanding Geological Achievements in Chongqing for 2024 by the Chongqing Geological and Mining Association.