China Rare Earth Holdings Limited (00769.HK) issued an announcement stating that on May 28, 2025, the seller, Zhongjing International Limited, the buyer, Wealthy Energy Limited (a wholly-owned subsidiary of the company), and the company entered into an agreement. Under this agreement, the buyer has conditionally agreed to purchase, and the seller has agreed to sell, tungsten bars for a total consideration of HKD 150 million, to be paid upon completion through the issuance and allotment of 400 million consideration shares at an issue price of HKD 0.375 per share. The consideration shares will be issued under a general mandate. The assets to be acquired are 1,600 kg of tungsten bars with a purity of no less than 99.995%.

Molybdenum market update on May 29, 2025

The domestic molybdenum market in China is experiencing a strong upward trend, primarily driven by a tight supply of molybdenum concentrate, high downstream buying interest, and strong speculative sentiment among traders.

Analysis of Latest Tungsten Market from Chinatungsten Online

Milestone moment! Tungsten ore price breaks through RMB 170,000/ton mark, APT price stands at RMB 250,000/ton mark, breaking the historical record!

Molybdenum market update on May 28, 2025

The overall domestic molybdenum market remains optimistic. Amid the contradiction between strong downstream inquiry and procurement enthusiasm and the limited growth in raw material spot supply, molybdenum mining enterprises have significantly increased their quotations, driving up price expectations across the entire supply chain.