Average Price of Tungsten Products in July 2025

65% Wolframite Concentrate: The average price was RMB 181,283/ton, representing a month-on-month increase of 5.11% and a year-on-year increase of 35.07% compared to July 2024. The quotation at the end of the month increased by 12.72% compared to the beginning of the month.

In July 2025, China's tungsten market experienced a robust upward trend, with prices of major tungsten raw materials rising by approximately 13% within the month, a 36% increase compared to the beginning of the year. The average monthly price rose by about 5% month-on-month and surged 35% year-on-year.

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices have generally maintained a firm trend. Recently, holders have shown a slight increase in willingness to sell, but actual transaction feedback remains limited due to significant gaps in price expectations between buyers and sellers. Market cost transmission is sluggish, and circulation within the industry chain is constrained.

Molybdenum market update on July 30, 2025

The domestic molybdenum market is experiencing a significant upswing, with the price center clearly shifting upward. 

The current tungsten prices maintain a high-level trend, but potential market risks cannot be ignored. The pressure from supply-demand imbalances and structural contradictions is intertwined, urgently requiring coordinated efforts from policymakers and market entities to implement prudent measures and gradually promote industrial transformation and upgrading. 

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices remain stable at high levels, with the market showing sensitive sentiment and a strong wait-and-see atmosphere, resulting in sluggish actual transactions. 

Molybdenum market update on July 29, 2025

The domestic molybdenum market is showing an overall upward trend, with prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder increasing by approximately 20 yuan per ton-unit, 2,000 yuan per ton, and 5 yuan per kilogram, respectively.

Recently, the Inner Mongolia Daily reported that during the "14th Five-Year Plan" period, the Inner Mongolia Autonomous Region invested a total of 2.61 billion yuan in geological exploration, identifying vast mineral resources rich in iron, niobium, and rare earths in the Baiyun Ebo South mining belt. From 2021 to 2024, Inner Mongolia leveraged 2.655 billion yuan in social funds for geological exploration, achieving significant growth in strategic mineral resource reserves. For instance, molybdenum resources increased by 1.1427 million tons, iron ore by 718 million tons, and gold by 364 tons. Currently, the region has identified reserves for 149 types of minerals, with coal, lead, zinc, silver, and rare earths leading the nation in proven resource quantities.

On July 22, 2025, Fortune magazine released the 2025 China 500 ranking, featuring several molybdenum, rare earth, and tungsten  enterprises, including Xiamen Tungsten Co., Ltd. (ranked 395th with 2024 revenue of 4,891.7 million USD), Luoyang Molybdenum Industry Co., Ltd. (ranked 138th with 2024 revenue of 29,607.1 million USD), and China Northern Rare Earth (Group) High-Tech Co., Ltd. (ranked 415th with 2024 revenue of 4,581.7 million USD).

Molybdenum market update on July 28, 2025

At the beginning of the week, the domestic molybdenum market maintained a high-level sideways trend, with moderate trading activity and product prices fluctuating within a reasonable range.