Molybdenum market update on March 10, 2025

At the beginning of the week, the domestic molybdenum market continued to maintain a relatively weak performance, primarily due to factors such as lackluster inquiry and procurement activity from downstream users, low steel tender prices, and a fluctuating decline in international molybdenum prices.

According to the Ganzhou Municipal Market Regulation Administration, two national standards led by the Jiangxi Provincial Tungsten and Rare Earth Product Quality Supervision and Inspection Center - "Methods for Chemical Analysis of Tungsten Concentrates — Part 19: Determination of Fluoride Content — Ion Selective Electrode Method" (GB/T 6150.19-2025) and "Methods for Chemical Analysis of Tungsten Concentrates —  Part 20: Determination of Mercury Content — Solid Sampling and Direct Mercury Analysis Method" (GB/T 6150.20-2025) - were officially released on January 24, 2025. The establishment of these standards marks a significant milestone in the standardization progress of China's tungsten concentrate chemical analysis field, demonstrating the nation's technical capabilities and regulatory leadership in this domain.

Analysis of latest tungsten market from Chinatungsten Online 

This week, the tungsten market trended generally weak. The downturn was driven by sluggish demand, a complex global political and economic environment, and rising trade barriers, which have dampened consumer confidence. Additionally, industry institutions and tungsten companies lowered their quotations, reflecting market weakness and undermining traders' pricing confidence.

Molybdenum market update on March 7, 2025

This week, the domestic molybdenum market in China exhibited an overall pattern of volatile decline, primarily attributed to the continuous drop in steel procurement price, a weak international molybdenum market, relatively abundant spot supply in the market, and a wavering confidence among suppliers in maintaining stable prices.

According to the Legal Information Network of the Ministry of Justice of Tajikistan, President Emomali Rahmon has ordered the declassification of data on the Ikal tungsten-gold deposit located 60 kilometers from Khorog in the Rushan District of the Gorno-Badakhshan Autonomous Region. This move aims to attract foreign investment. Currently, relevant data on this deposit is stored in the National Geological Information Reserve of the Tajikistan Geology Service. In addition to tungsten and gold, the deposit also contains copper and cobalt.

Molybdenum market update on March 6, 2025

Domestic molybdenum price is showing an overall downward trend, with the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder continuing to decline by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

On February 28th, in response to recent inquiries from enterprises and following communication with relevant departments of the General Administration of Customs, the Ministry of Commerce (MOFCOM) provided answers to common identification questions regarding tungsten, tellurium, and related items. One of the highly anticipated questions was whether ammonium metatungstate falls under the scope of dual-use item controls.

On February 28, the Bureau of Safety and Control of the Ministry of Commerce (MOFCOM), based on recent inquiries from enterprises and in communication with relevant departments of the General Administration of Customs, provided answers to common identification questions regarding tungsten, tellurium, and related items.

Analysis of latest tungsten market from Chinatungsten Online

In March 2025, the forecast average prices by industry bodies and the long-term contract prices for the first half of the month set by several tungsten enterprises were adjusted downwards, clearly indicating a downtrend in the tungsten market.

Recently, according to the official website of the Jiangxi Provincial Market Supervision Administration, in recent years, the Ganzhou City Market Supervision Bureau has seized the opportunity to establish the National Tungsten and Rare Earth Industry Metrology Testing Center. By building a professional technical service platform and deeply implementing the "Three Comprehensives and One Proactive" metrology testing service, it has promoted the transformation of Ganzhou from a "resource treasure trove" to an "industrial highland," actively empowering the high-quality development of Jiangxi’s tungsten and rare earth industries.