On February 4, 2025, the Ministry of Commerce announced its decision to implement export controls on tungsten-related items, including tungsten alloy, tungsten-copper alloy, tungsten-silver alloy, tungsten-nickel-iron alloy, tungsten-nickel-copper alloy, etc., with specific characteristics or dimensions.

Molybdenum market update on February 14, 2025

This week, the domestic molybdenum market exhibited a generally weak consolidation trend, with the price of molybdenum concentrate dropping by approximately 0.28%, ferromolybdenum prices falling by about 0.43%, and molybdenum oxide prices declining by around 0.27%. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices experienced a slight decrease this week. Firstly, as the market resumption rate gradually increases, demand has not significantly risen, leading to a weakening of price support due to tight raw material supplies. Secondly, minor reductions in tungsten raw material quotes from large tungsten enterprises further affected traders' confidence.

On February 4, 2025, China's Ministry of Commerce, jointly with the General Administration of Customs, issued an announcement on the implementation of export controls on tungsten and related items, including tungsten carbide (not controlled under item 1C226). Why does China implement export controls on tungsten carbide?