On June 26th, CMOC group announced the completion of the acquisition of Canadian - listed company Lumina Gold, officially acquiring a 100% stake in the Cangrejos Project in Ecuador. The transaction was completed on June 24th, 2025. 

Molybdenum market update on June 27, 2025

This week, the domestic molybdenum prices showed an overall downward trend, with the decline of some products slightly expanding.

Prices of Tungsten Products on June 27, 2025

Tungsten Price Trend from January to June 27, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Molybdenum market update on June 26, 2025

The domestic molybdenum market persists in a downward correction trend, with supportive factors weakening and steel tender prices continuing to decline, shifting consumer market sentiment from a stalemate to a downturn, and increasing industry concerns about future prospects.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices are temporarily stable, and the market continues to be in a stalemate between supply and demand. 

Molybdenum market update on June 25, 2025

The domestic molybdenum prices are exhibiting a high-level downward trend, with molybdenum concentrate price decreasing by approximately 10 yuan/ton-degree, ferromolybdenum price decreasing by about 1,000 yuan/ton, and molybdenum powder price decreasing by around 2 yuan/kg. Currently, the continuous decline in steel tender prices has slightly undermined industry confidence in the future market.

Analysis of Latest Tungsten Market from Chinatungsten Online

Tungsten prices fell slightly. There was a periodic price correction on the raw material side, but the consumption willingness on the demand side did not improve, and the macroeconomic situation was still uncertain. The overall transaction atmosphere in the tungsten industry was still not good, and trade was cautious.

Molybdenum market update on June 24, 2025

The domestic molybdenum market as a whole showed a bearish operation trend. Under the interweaving of multiple long and short factors, the price game between buyers and sellers was fierce: the sellers' sentiment of reluctant to sell and maintaining prices remained high, and the buyers' willingness to press prices did not weaken. In this context, the growth rate of market orders tended to be gentle.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is in a stalemate and under pressure. The current market characteristics are characterized by the dual weakness and mutual checks and balances of the supply and demand fundamentals. 

Analysis of Latest Tungsten Market from Chinatungsten Online

On Monday, tungsten prices remained stable, and market transactions continued to stalemate. The guidance prices and long unit prices of large companies increased traders' wait-and-see sentiment. The tungsten market continued to adopt a cautious strategy, and liquidity was relatively slow.