According to data from the China Passenger Car Association (CPCA), in June 2025, production and retail sales of new energy vehicles (NEVs) surpassed the milestones of 1.20 million and 1.111 million units respectively, with impressive year-on-year growth rates of 28.3% and 29.7%. Performance for the entire first half of the year was even more robust, with cumulative production and sales reaching 6.457 million and 5.468 million units, up nearly 40% year-on-year. The NEV industry is reshaping the global automotive landscape with unstoppable momentum.

As the global energy structure shifts toward low-carbon solutions, the photovoltaic (PV) industry, a cornerstone of clean energy, faces intense market competition and technological upgrade pressures. Recent fluctuations in silicon wafer prices, industry production cuts, and policy guidance have introduced new challenges and opportunities for the PV supply chain. Among these, tungsten wire, a key consumable in diamond wire cutting, has garnered significant attention due to its advantages in enabling thinner wires for silicon wafer cutting.

According to the Ministry of Natural Resources, in the first half of 2025, my country made major breakthroughs in prospecting for important minerals, and 38 new mineral deposits were discovered; non-oil and gas mineral exploration investment continued to grow, among which the investment in exploration of tungsten and other minerals increased by more than 50% year-on-year.

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices are in a strong cycle, but the contradiction between market supply and demand has intensified, confidence in various links of the industrial chain is mixed, and the overall trading atmosphere tends to be cautious.

Molybdenum market update on July 10, 2025

The domestic molybdenum market is holding steady at high levels.

Molybdenum market update on July 9, 2025

The domestic molybdenum market is performing well, marked by rapid price increases for most products, active downstream inquiries, strong supplier reluctance to sell with bullish sentiment, decent transaction volumes, and high industry expectations for the future.

Analysis of Latest Tungsten Market from Chinatungsten Online

The tungsten market remains strong, and the prices of major tungsten raw materials are at their highest point so far.

Molybdenum market update on July 8, 2025

On July 8, 2025, the domestic molybdenum market continues to exhibit a strong upward trend, supported by tight molybdenum raw material supply, active steel tenders, and rising international molybdenum prices.

Analysis of Latest Tungsten Market from Chinatungsten Online 

The new round of tungsten industry institutions and tungsten companies have moderately raised their quotations, boosting market sentiment. Tungsten raw material prices have once again reached a high level, and tungsten ore prices have reached RMB 175,000/ton (up 22.4% from the beginning of the year).

Analysis of Latest Tungsten Market from Chinatungsten Online 

On Monday, the domestic tungsten market remained stable overall. Although market confidence was supported to a certain extent, the overall trading atmosphere was weak due to the stalemate between supply and demand. The industry generally waited and waited for the guidance of a new round of industry institutions and mainstream tungsten companies.