According to a report from the iNature website, in 2024, the Xinjiang Uygur Autonomous Region leveraged its resource endowments and geographical advantages to continue implementing a new round of strategic breakthroughs in mineral exploration. This effort resulted in the addition of six large-scale resource bases: the Yumin Sujiuhe 500,000-ton molybdenum base, the Shanshan Nanhu Gobi-Quelridge million-ton copper-molybdenum base, the Hami Weiya-Niumaoquan billion-ton iron and ten-million-ton titanium base, the Atushen Puchang-Karajun billion-ton iron and ten-million-ton titanium base, the Qiemo-Ruoqiang trillion-cubic-meter shale gas base, and the Yingjisha-Yecheng trillion-cubic-meter shale gas (oil and gas) base. This development signifies a steady enhancement of Xinjiang’s mineral resource security capabilities.

Molybdenum market update on March 28, 2025

This week, domestic molybdenum price exhibited an overall trend of fluctuating upward movement, primarily attributed to strong reluctance to sell and bullish sentiment among molybdenum mining companies in recent days, rising steel tender prices, steady downstream demand, and a relatively favorable non-ferrous metals market.

On February 21, the national key scientific and technological project "Deep Earth," under the sub-project titled "Positioning Mechanism and Prospecting Breakthrough of Tin-Antimony-Gold Deposits in the Yunnan-Guizhou-Guangxi Border Region," was officially launched. Xiao Changhao, an expert in ore-field tectonics from the Institute of Geomechanics, is the lead researcher for the project "Discovery of a New Type of Tungsten-Tin Deposit in a New Stratum in the Youjiang Region of Western Guangxi," which was listed among the "Top Ten Geological Science and Technology Advances of 2024" by the China Geological Survey.

Analysis of latest tungsten market from Chinatungsten Online 

This week, tungsten prices showed a slight upward trend, with ongoing and intensifying competition between the upstream and downstream segments of the industrial chain.