Molybdenum market update on July 2, 2025

The domestic molybdenum market is exhibiting a stop-and-rebound pattern, with molybdenum concentrate prices increasing by approximately 60 yuan/ton-degree, reclaiming the 3,800 yuan/ton-degree threshold. Industry attention is focused on whether this price surge can sustain and surpass the June highs, an outcome that remains subject to market validation.

Analysis of Latest Tungsten Market from Chinatungsten Online 

The tungsten market remains stable. Tight supply and high quotations at the tungsten mine end play a major role in stabilizing the market. However, it still takes time for downstream to accept high-priced raw materials. The market trading atmosphere is relatively light, and purchases are mainly on a use-as-you-go basis.

Analysis of Latest Tungsten Market from Chinatungsten Online

In the first half of 2025, the price of tungsten ended with an increase of about 20% (end of June/early the year). At the beginning of the second half of the year, the tungsten market sentiment rose again.

Average Price of Tungsten Products in the First Half of 2025

65% Wolframite Concentrate: Average price of RMB 151,800/ton, increased by 12.71% compared to the first half of 2024, with a 20.28% increase from the beginning to the end of June.

In the first half of 2025, under the influence of structural tightening on the supply side, rigid support from downstream demand, and the interweaving of international geopolitical risks, China's tungsten market showed a composite operating characteristic of "fluctuating upward-repeatedly setting new highs-periodic correction-high-level fluctuations".

Molybdenum market update on June 30, 2025

The domestic molybdenum market maintained an overall weak trend at the beginning of the week, with a mix of bullish and bearish factors leading to intense price negotiations between buyers and sellers, resulting in moderate transaction activity.

On June 26th, CMOC group announced the completion of the acquisition of Canadian - listed company Lumina Gold, officially acquiring a 100% stake in the Cangrejos Project in Ecuador. The transaction was completed on June 24th, 2025. 

Molybdenum market update on June 27, 2025

This week, the domestic molybdenum prices showed an overall downward trend, with the decline of some products slightly expanding.

Prices of Tungsten Products on June 27, 2025

Tungsten Price Trend from January to June 27, 2025

Analysis of Latest Tungsten Market from Chinatungsten Online

Molybdenum market update on June 26, 2025

The domestic molybdenum market persists in a downward correction trend, with supportive factors weakening and steel tender prices continuing to decline, shifting consumer market sentiment from a stalemate to a downturn, and increasing industry concerns about future prospects.