Molybdenum market update on June 23, 2025

At the start of the week, the domestic molybdenum market generally continued the sideways trend from the previous week. 

Analysis of Latest Tungsten Market from Chinatungsten Online

This week, tungsten prices were stuck in a sideways trend, market confidence was divided, the resource side maintained the logic of supporting prices, the demand side had insufficient capacity to take over, the price transmission of the industrial chain was blocked, and some profit-taking orders were outflowed, affecting the transaction center of gravity. The market paid attention to the new round of quotations of large tungsten companies.

Molybdenum market update on June 20, 2025

This week, the domestic molybdenum market remained stable at high levels, with molybdenum product prices fluctuating within a narrow range and a strong sense of caution prevailing, influenced by firm raw material prices and a slight decline in steel tender prices.

According to Mining Journal, Collective Mining has achieved a significant breakthrough in shallow drilling at the Apollo deposit within its Guayabales project in Caldas Province, central Colombia. Preliminary sampling analysis indicates the deposit contains high-grade tungsten, copper, silver, and gold, further expanding the outcrop range of the Apollo deposit. This discovery marks the first identification of tungsten in this region in Colombia’s history, holding significant strategic importance.