Recently, the official website of the Shaanxi Provincial Department of Natural Resources reported that during the "14th Five-Year Plan" period, the state assigned Shaanxi 11 mineral exploration targets, adding a total of 91,100 tons of tungsten, 422,700 tons of molybdenum, 133.12 tons of gold, 50,700 tons of copper, 24,000 tons of antimony, 30,800 tons of lithium, 7.782 million tons of graphite, 4.1089 million tons of manganese, 207,900 tons of vanadium, 1.314 million tons of fluorite, and 2,289 tons of cobalt. Additionally, 688,000 tons of rutile, 4,211 tons of rare earths, 8 million tons of phosphorus, and 230,000 tons of lead-zinc were added. The preliminary estimated potential economic value is 300 billion yuan. This achievement is attributed to Shaanxi's implementation of 380 mineral exploration projects, which newly delineated 122 exploration target areas and formed 35 large and medium-sized mineral deposits, exceeding the national target tasks.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices continued to weaken, primarily due to the gradual shift from previous speculative demand to speculative supply, leading to a shift in market fundamentals and sentiment, which in turn dampened prices. 

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices have remained stagnant, with trading activity quiet. Suppliers are unwilling to trade price for volume and resist a significant price reduction, offering only modest discounts to maintain liquidity. Buyers are reluctant to purchase at high prices, and restocking is rare outside of essential needs. 

Molybdenum market update on September 24, 2025

The domestic molybdenum market overall maintained a sideways pattern, with some product prices experiencing a slight decline due to the inability of bullish sentiment from the raw material side to effectively support stable downstream market operations and the continued downward pressure on ferromolybdenum bids from steel enterprises.