Molybdenum Market Update - May 20, 2025
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- Category: Tungsten's News
- Published on Tuesday, 20 May 2025 19:32
- Written by Xiaoting
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Molybdenum market update on May 20, 2025
The domestic molybdenum market continues to operate steadily, with product prices showing minimal changes and transaction volumes at an average level, driven by a relatively balanced supply-demand dynamic and no significant policy announcements. Industry participants are currently focusing on the shipment trends of molybdenum mining companies and the pricing and volume performance of steel mill tenders.
Zijin Mining Has Discovered the Largest Porphyry Copper-Molybdenum Deposit in Fujian in Nearly 20 Years
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- Category: Tungsten's News
- Published on Tuesday, 20 May 2025 18:50
- Written by Xiaoting
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According to Fujian Daily, Zijin Mining recently received a resource reserve evaluation approval certificate from the Fujian Provincial Natural Resources Evaluation Center for its "Zijinshan Mine Northeast Ore Section Copper Exploration Report." This copper mine, identified as the largest porphyry copper-molybdenum deposit discovered in Fujian in nearly 20 years, has a cumulative ore volume of 340 million tons, with 1.33 million tons of copper metal resources and 90,000 tons of molybdenum metal resources.
Fujian: Promoting Large-Scale Development and Utilization of Tungsten and Other Mineral Resources
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- Category: Tungsten's News
- Published on Tuesday, 20 May 2025 18:45
- Written by Xiaoting
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The Fujian Provincial Department of Natural Resources recently announced, as part of its response to Proposal No. 20251363 from the Third Session of the 13th Fujian Provincial Committee of the Chinese People's Political Consultative Conference, several measures to promote the large-scale development and utilization of mineral resources. Focusing on strategic resources, five national planning mining areas have been designated: Xinluo Wan'an Rare Earth Mine, Shanghang Yangpokeng-Wuping Jinqiao Rare Earth Mine, Wuyishan Shangxikeng-Pucheng Hantangwu Molybdenum Fluorite Mine, Gutian Xichao Molybdenum Mine, and Dehua Shuangqishan-Dongyang Gold Mine. These areas aim to establish a modern, efficient resource development and utilization demonstration zone through unified planning and optimized layouts, promoting large-scale and intensive resource development. Additionally, based on the current state of key and strategic mineral development in Fujian, six energy and resource bases have been established: Longyan Makeng Iron Mine, Longyan Zijinshan Copper Mine, Pucheng Longtangsi-Yilishuping Fluorite Mine, Shaowu Nanshanxia-Daping Fluorite Graphite Mine, Qingliu Weijiashan-Yong'an Yinkeng Fluorite Mine, and Ninghua Xingluokeng-Qingliu Guomuyang Tungsten Mine. These bases will receive prioritized support in industrial planning, major project arrangements, resource allocation, and related policies to drive large-scale resource development and industrial clustering, forming a strategic core area to ensure a secure mineral resource supply.
Jiangxi Releases New Geological Data Directory for Tungsten and Rare Earth in Q4 2024
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- Category: Tungsten's News
- Published on Tuesday, 20 May 2025 18:47
- Written by Xiaoting
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As of 12:23 AM PDT on Tuesday, May 20, 2025, recent information from the Jiangxi Provincial Department of Natural Resources indicates that the fourth quarter of 2024 saw the addition of 242 new geological data entries, including 8 related to the tungsten industry, 3 to the molybdenum industry, and 11 to the rare earth industry. Below is a compiled list of new geological data entries related to the tungsten, molybdenum, and rare earth industries, organized by CTIA GROUP LTD:
Read more: Jiangxi Releases New Geological Data Directory for Tungsten and Rare Earth in Q4 2024
Inner Mongolia Shamai Tungsten Mine: Wolframite Metal Content Surpasses 40,000 Tons
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- Category: Tungsten's News
- Published on Tuesday, 20 May 2025 18:43
- Written by Xiaoting
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Recently, the 514 Geological Brigade of the North China Geological Exploration Bureau announced that the resource verification report for the Shamai Tungsten Mine project, implemented by its Mineral Exploration Institute, has successfully passed the expert review by the Ministry of Natural Resources. Exploration revealed the immense potential of the Shamai Tungsten Mine, with resource reserves reaching a new high and the discovery of associated minerals like silver. The total identified wolframite metal content exceeds 40,000 tons, with newly added resources reaching the scale of a medium-sized tungsten mine. This achievement holds significant importance for China's tungsten resource reserves and related industrial development.
Read more: Inner Mongolia Shamai Tungsten Mine: Wolframite Metal Content Surpasses 40,000 Tons