Molybdenum market update on October 21, 2025

The overall domestic molybdenum market remains weak, with insufficient upward momentum in molybdenum product prices amid declining enthusiasm for inquiries and procurement from downstream enterprises, downward pressure on steel bidding price, and oscillating declines in international molybdenum price. 

Molybdenum market update on October 20, 2025

On Monday, the domestic molybdenum market operated stably overall. After the volatile increase in molybdenum product prices last week, downstream users' fear of high prices generally intensified, which to a certain extent weakened suppliers' confidence in raising prices.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remained generally firm on Monday. Although consumer sentiment remained cautious, the tungsten market's center of gravity shifted upward, driven by some demand for restocking and supply-side reluctance to sell, which supported the market. 

It is reported that the Non-Ferrous Metal Mineral Resources Exploration and Evaluation Research Team at Guilin University of Technology, leveraging the advantageous geological conditions and deep exploration potential of concealed granite areas for non-ferrous and precious metal mineralization (tungsten-lead-zinc-silver polymetallic mineralization), has relied on scientific research projects such as the Guangxi Mineral Exploration Breakthrough Strategy Geological and Mineral Survey Project. Using the Xidamingshan National Integrated Exploration Area and Guilin Northeast Limu Tin Polymetallic Ore Field as research bases, the team has conducted long-term studies on the metallogenic theory and exploration technology demonstration of concealed granite bodies. The theoretical and technical achievements have been validated through production exploration, achieving significant breakthroughs in deep exploration at mines such as Luowei, Nongtun, and Limu, adding a medium-scale amount of WO3 metal (tungsten trioxide metal) and a large-scale amount of Pb+Zn metal.