Molybdenum market update on March 18, 2025

The domestic molybdenum market has generally exhibited a stable yet slightly weak pattern.

In recent years, Uzbekistan has been ambitiously positioning itself as a leader in the global rare minerals sector. In March 2025, the country unveiled a three-year investment plan worth $2.6 billion aimed at developing 76 mineral projects, including tungsten and molybdenum, encompassing 28 critical elements. This strategic initiative is designed not only to revitalize the domestic economy but also to transform Uzbekistan into a key player in the global technology supply chain through the high-value development of its mineral resources.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices remain stable, with mixed market sentiments prevailing.

In 2024, the Sixth Geological Team of Guangxi made significant progress in the "Geological Survey and Evaluation of Tungsten-Molybdenum Polymetallic Ore in Daqiao, Luchuan County - Ningtan, Bobai County, Yulin City" project implemented in Jingkou Town, Bobai County, Yulin City. The discovery of multiple tungsten-molybdenum ore bodies has further revealed the mineral resource potential of this area.