According to data compiled by CTIA GROUP LTD from the General Administration of Customs, the import and export details of China's molybdenum products for the first half of 2025 are as follows: In the first half of 2025, China’s cumulative molybdenum product imports totaled 41,101.50 tons, an increase of 22.19% year-on-year; the cumulative import value was 5.986 billion yuan, an increase of 30.16% year-on-year.

According to data compiled by CTIA GROUP LTD from the General Administration of Customs, the import and export details of China's molybdenum products for the second quarter of 2025 are as follows: In the second quarter of 2025, China’s molybdenum product imports totaled 19,808.31 tons, a decrease of 6.97% quarter-on-quarter and an increase of 12.38% year-on-year; the import value was 726 million yuan, a decrease of 5.10% quarter-on-quarter and an increase of 22.24% year-on-year.

According to data compiled by CTIA GROUP LTD from the General Administration of Customs, the import and export details of China's molybdenum products for June 2025 are as follows: In June 2025, China’s molybdenum product imports totaled 6,480.06 tons, an increase of 30.06% month-on-month and 42.87% year-on-year; the import value was 945 million yuan, an increase of 30.26% month-on-month and 52.84% year-on-year.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in the first half of 2025, China's exports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) totaled 7,257.99 tons, a year-on-year decrease of 23.94% compared to the first half of 2024. The export value amounted to RMB 2.239 billion, reflecting a year-on-year decrease of 14.57%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in the second quarter of 2025, China's exports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 3,941.04 tons, reflecting a year-on-year decrease of 23.85% compared to the second quarter of 2024, and a quarter-on-quarter increase of 18.82% compared to the first quarter of 2025. The export value was RMB 1.234 billion, showing a year-on-year decrease of 14.30% and a quarter-on-quarter increase of 22.74%.

In June, China's export business for ammonium paratungstate and tungsten trioxides resumed. Specifically, 40 tons of ammonium paratungstate were exported to Japan, with an export value of RMB 8.9714 million (unit price approximately RMB 224,000/ton); and 20 tons of tungsten trioxides were exported to South Korea, with an export value of RMB 5.0527 million (unit price approximately RMB 253,000/ton). The shippers were all registered in Fujian Province.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in the first half of 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 8,698.06 tons, reflecting a year-on-year increase of 17.74% compared to the first half of 2024. The import value was RMB 1.07 billion, showing a year-on-year growth of 36.50%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in the second quarter of 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 4,865.59 tons. This reflects a year-on-year increase of 47.99% compared to the second quarter of 2024 and a quarter-on-quarter increase of 26.96% compared to the first quarter of 2025. The import value reached RMB 584 million, showing a year-on-year increase of 26.55% and a quarter-on-quarter increase of 19.90%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in June 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 2,354.51 tons. This represents a year-on-year increase of 98.75% compared to June 2024 and a month-on-month increase of 67.05% compared to May 2025. The import value was RMB 272 million, reflecting a year-on-year increase of 70.17% and a month-on-month increase of 74.41%.

I. Analysis of China’s Rare Earth Price Trends in June 2025

According to CTIA GROUP LTD, in June 2025, the price trends of China’s light and heavy rare earth products perged: light rare earth prices showed an oscillatory upward trend, while heavy rare earth prices oscillated downward.