Kazakhstan's tungsten mines have become the latest target for the US to reduce its dependence on key minerals from China. According to foreign media reports, the US government is actively encouraging domestic companies to participate in the development of Kazakhstan's two largest and most promising tungsten deposits to reduce its dependence on the Chinese supply chain.

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices continue to climb, still dominated by tight supply of tungsten raw materials and rising prices, with strong cost support. 

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is experiencing a bull market, with prices for both mining and smelting products continuously breaking records. This has driven upward pressure on prices for mid- and downstream tungsten products. 

Molybdenum market update on October 28, 2025

The domestic molybdenum market continues to operate weakly, primarily characterized by low enthusiasm among traders for market engagement, persistent subtle price declines, and limited new orders.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market remains strong. Upstream raw materials are experiencing tight supply, while midstream smelting products are reaching new highs driven by cost pressures. 

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market saw an overall upward trend on Monday, driven by strong momentum from the raw material market, with prices rising across the industry chain. Major tungsten resource and alloy companies raised their product prices, further boosting market sentiment. 

Molybdenum market update on October 27, 2025

On Monday, the domestic molybdenum market overall continued its weak performance, with some products experiencing declines of varying degrees under the influence of persistently low steel bidding prices, poor international molybdenum market performance, and strong profit-taking awareness among suppliers, including molybdenum concentrate prices decreasing by approximately RMB 10 per ton-unit, ferromolybdenum prices by approximately RMB 3,000 per ton, and limited actual transaction volumes.

Molybdenum market update on October 24, 2025

This week, the domestic molybdenum market has exhibited a continuous downward trend, primarily due to increased caution among downstream markets, declining steel bidding prices, a cooling international molybdenum market, and rising concerns among suppliers about future prospects.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market remained generally upward this week. 

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market is generally stable. Recovering sentiment on the raw material side is driving a tightening supply and a price rebound. However, there has been no significant improvement in demand, and actual market transactions are still driven by rigid demand. Participants across the industry chain generally maintain a cautious attitude.