Molybdenum market update on April 2, 2025

The domestic molybdenum market as a whole maintains stable operation. With the relatively balanced supply and demand relationship and the absence of major positive news released in the market, most traders conduct rigid transactions. As a result, product prices fluctuate within a narrow range, and the growth rate of orders is also relatively gentle.

Analysis of latest tungsten market from Chinatungsten Online 

On April 2, 2025, the price trend of tungsten showed a steady trend. The tightening of the supply side was the main driving factor. The demand side was still not ideal, and the market trading activity was limited.

I. Analysis of China’s Molybdenum Price Trends in March 2025

According to China Tungsten Online, the price trend of molybdenum products in China during March 2025 exhibited a pattern of initial decline followed by a rebound.

Analysis of latest tungsten market from Chinatungsten Online 

At the beginning of April, tungsten prices were in a stalemate and upward exploration cycle. 

Molybdenum market update on March 31, 2025

At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways operation, mainly reflected in the fact that the prices of most products have not changed significantly and traders have basically maintained rigid transactions.

In the first quarter of 2025, China's tungsten market showed a trend of rising first and then falling, and the contradiction between supply and demand was prominent.

On March 21, 2025, the Jiangxi Provincial Development and Reform Commission officially released the 2025 Jiangxi Province Key Investment Promotion Projects Catalog (referred to as the "Catalog"), encompassing 649 projects with a total investment of 6716.09 billion yuan. The Catalog clearly outlines the key directions for Jiangxi Province’s investment promotion in 2025, including major infrastructure, 12 key manufacturing industry chains, the healthcare industry, modern services, and modern agriculture. Among these, 387 projects are related to the 12 key manufacturing industry chains, with a total investment of 4296.8 billion yuan. Notably, nine projects within the manufacturing industry chains pertain to the tungsten and molybdenum sectors.

According to a report from the iNature website, the 607 Geological Team of the Chongqing Geological and Mineral Bureau, during the key mineral exploration project in Chongqing—the "Xiushan County Ganzhiba Manganese Mine Reconnaissance"—transformed a singular focus on manganese exploration into a comprehensive survey that also included molybdenum and vanadium. This effort led to the discovery of a secondary manganese mineralization center in the Xiaochayuan area, indicating significant prospecting potential in the peripheral regions. This breakthrough in integrated exploration for manganese, molybdenum, and vanadium has been recognized, with the project recently awarded the Second Prize for Outstanding Geological Achievements in Chongqing for 2024 by the Chongqing Geological and Mining Association.

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.

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.