On July 9, 2025, the Hunan Provincial Department of Natural Resources announced that through innovative geological exploration theories and prolonged efforts, a super-large altered granite-type lithium deposit was discovered in the Jijiaoshan mining area of Linwu County, Chenzhou City. The deposit contains 490 million tons of lithium ore and 1.31 million tons of lithium oxide resources. It also accompanies strategic minerals such as tungsten, rubidium, and tin, all of which are newly identified resources.

I. Tungsten Price Trend: All-Round Rise Breaks Through Historical Highs

Molybdenum market update on July 11, 2025

This week, the domestic molybdenum market exhibited a pattern of a significant initial increase followed by stabilization.

According to data from the China Passenger Car Association (CPCA), in June 2025, production and retail sales of new energy vehicles (NEVs) surpassed the milestones of 1.20 million and 1.111 million units respectively, with impressive year-on-year growth rates of 28.3% and 29.7%. Performance for the entire first half of the year was even more robust, with cumulative production and sales reaching 6.457 million and 5.468 million units, up nearly 40% year-on-year. The NEV industry is reshaping the global automotive landscape with unstoppable momentum.