Molybdenum market update on March 21, 2025

This week, the overall domestic molybdenum price continued to decline, primarily due to heightened panic among suppliers, persistent price suppression by steel companies, and limited influence from the international molybdenum market.

Recently, researchers from Donghua University and the University of Glasgow achieved a significant scientific breakthrough by successfully synthesizing two novel giant molybdenum blue wheel-shaped cluster compounds—{Mo85} and {Mo172}. This accomplishment fills a long-standing gap in high-nuclearity the molybdenum oxygen cluster family, specifically the octameric structure, injecting new vitality and momentum into this field of research.

On March 17, the "Exploration Report of the Tungsten Polymetallic Deposit in the Jiefangqiao Mining Area, Jiangle County, Fujian Province," submitted by Fujian Province's 196 Geological Brigade, successfully passed an expert review organized by the Fujian Provincial Land and Resources Assessment Center.

Analysis of latest tungsten market from Chinatungsten Online 

The highly anticipated new round of guidance prices from two tungsten companies in Jiangxi has been released. Tungsten ore prices appear relatively firm compared to ammonium paratungstate (APT) prices, reflecting the current tension between tight supply of mineral resources and weak demand for smelting and alloy products.