In the spring of Changshu, Jiangsu, a steel behemoth with a diameter of 16.07 meters—the "Cang Yuan Hao" tunnel boring machine (TBM)—slowly unveiled itself. This national treasure, entirely developed through independent research, is poised to inscribe a new legend along the banks of the Yangtze River. As eyes turn to this record-breaking engineering marvel, one must not overlook the "black gold" coursing through its veins—tungsten. This strategic metal interprets the warmth and resilience of Chinese manufacturing in a distinctive way.

Molybdenum market update on April 3, 2025

This week, the overall trend of domestic molybdenum prices showed no significant fluctuations. Influenced by numerous uncertainties, intense price negotiations between supply and demand sides have resulted in low market trading activity and limited actual transaction volumes.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices showed a steady upward trend this week. 

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.