Molybdenum market update on October 22, 2025

The domestic molybdenum market has generally shown a trend of retracing from high levels. Under the game pattern of bullish and bearish factors, the buyer's market holds a relatively significant advantage, mainly reflected in the price decline of most products to varying degrees and the shrinkage of actual trading volume. Today, the prices of molybdenum concentrate and ferromolybdenum decreased by approximately RMB 20/ton-degree and RMB 1,000/ton respectively.

The tungsten market is showing a strong performance, primarily driven by positive sentiment on the mining and smelting sides. Tungsten raw material resources are tight, leading to rising prices for major tungsten products. Buyers, however, maintain a cautious, on-demand inventory replenishment strategy, resulting in a subdued trading atmosphere.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are on an upward trend, primarily driven by a new round of price increases from major tungsten companies. This, coupled with some downstream demand for replenishment, has boosted market sentiment and pushed tungsten raw material prices upward. However, actual market transactions are still driven primarily by demand, and the sustainability of the strong market requires broader support from the consumer side.

Molybdenum market update on October 21, 2025

The overall domestic molybdenum market remains weak, with insufficient upward momentum in molybdenum product prices amid declining enthusiasm for inquiries and procurement from downstream enterprises, downward pressure on steel bidding price, and oscillating declines in international molybdenum price. 

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices remained generally firm on Monday. Although consumer sentiment remained cautious, the tungsten market's center of gravity shifted upward, driven by some demand for restocking and supply-side reluctance to sell, which supported the market. 

Molybdenum market update on October 20, 2025

On Monday, the domestic molybdenum market operated stably overall. After the volatile increase in molybdenum product prices last week, downstream users' fear of high prices generally intensified, which to a certain extent weakened suppliers' confidence in raising prices.

It is reported that the Non-Ferrous Metal Mineral Resources Exploration and Evaluation Research Team at Guilin University of Technology, leveraging the advantageous geological conditions and deep exploration potential of concealed granite areas for non-ferrous and precious metal mineralization (tungsten-lead-zinc-silver polymetallic mineralization), has relied on scientific research projects such as the Guangxi Mineral Exploration Breakthrough Strategy Geological and Mineral Survey Project. Using the Xidamingshan National Integrated Exploration Area and Guilin Northeast Limu Tin Polymetallic Ore Field as research bases, the team has conducted long-term studies on the metallogenic theory and exploration technology demonstration of concealed granite bodies. The theoretical and technical achievements have been validated through production exploration, achieving significant breakthroughs in deep exploration at mines such as Luowei, Nongtun, and Limu, adding a medium-scale amount of WO3 metal (tungsten trioxide metal) and a large-scale amount of Pb+Zn metal.

Recently, the official website of the Jiangxi Provincial Development and Reform Commission reported that the new round of mineral exploration breakthrough strategy in Jiangxi Province has achieved remarkable success. From 2021 to 2024, Jiangxi discovered 153 new mineral deposits, increased by 32% year-on-year; 47 new strategic mineral deposits. Since 2021, Jiangxi's important minerals have added resources: 229,300 tons of tungsten, 163,000 tons of molybdenum, 10.631 million tons of manganese, 757,100 tons of copper, 7.32 tons of gold, 32,300 tons of tantalum-niobium, 41,300 tons of tin, and 8.5218 million tons of fluorite.

In the first three quarters of 2025, Jinduicheng Molybdenum Co., Ltd.（JDC） achieved revenue of RMB 10.885 billion, increased by 7.80% year-on-year; total profit of RMB 3.006 billion, increased by 3.29% year-on-year; net profit attributable to shareholders of the parent company (NPASP) of RMB 2.283 billion, increased by 4.03% year-on-year; non-recurring profit and loss-adjusted net profit of RMB 2.271 billion, increased by 4.40% year-on-year; basic earnings per share of RMB 0.708, increased by 4.12% year-on-year; total assets at the end of the reporting period of RMB 22.635 billion, increased by 9.68% year-on-year; and shareholders' equity attributable to the parent company of RMB 18.075 billion, increased by 6.25% year-on-year.

Molybdenum market update on October 17, 2025

This week, the domestic molybdenum market overall exhibited an oscillatory upward trend.