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.

Analysis of Latest Tungsten Market from Chinatungsten Online 

On Monday, the frenzy of tungsten prices continued to unfold, with raw material prices reaching unattainable heights, leaving downstream cemented carbide companies in distress. 

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices rose strongly this week. 

Molybdenum market update on July 25, 2025

This week, domestic molybdenum market exhibited a pattern of initial suppression followed by a rebound. At the beginning of the week, the market entered an adjustment phase after a rapid price increase, compounded by declining steel mill tender prices and low downstream procurement inquiry activity, prompting suppliers to slightly lower quotations to facilitate transactions.

Analysis of Latest Tungsten Market from Chinatungsten Online

▏ Current Situation of Tungsten Price:

Recently, the Ministry of Natural Resources released a statement indicating that in the first half of 2025, China achieved significant breakthroughs in mineral exploration for key mineral types, discovering 38 new mineral deposits, an increase of 31% year-on-year, including 25 large- and medium-sized deposits. Exploration investments in non-oil-and-gas minerals such as tungsten and molybdenum continued to grow.

Molybdenum market update on July 24, 2025

The domestic molybdenum market is maintaining a high-level sideways trend, with product prices showing no significant changes and actual transaction volumes remaining decent, as traders generally adhere to rigid trading practices.

Analysis of Latest Tungsten Market from Chinatungsten Online 

The price of tungsten market continues to rise, mainly due to the current situation of supply contraction, the expected growth of demand and the impact of policy-based strategic regulation.