Molybdenum market update on July 3, 2025

The domestic molybdenum market continues to maintain an upward trend, mainly reflected in the continuous increase in molybdenum raw material prices, rising downstream inquiries, and moderate market transactions. Today, the prices of molybdenum concentrate and molybdenum iron are approximately 3,830 yuan/ton-degree and 244,000 yuan/ton, respectively.

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices are stable, the raw material side is still strong, the demand side is relatively weak, the market maintains the rule of trading on demand, the transaction atmosphere is deadlocked, and a new round of large enterprises are waiting for quotations.

The "Guangdong Wuhua County Baishizhang Mining Area Molybdenum Resource Verification Report," compiled by the Guangdong Institute of Mineral Resources Exploration, has successfully passed its review. The report indicates an additional 100,000 tons of molybdenum metal, elevating the resource scale to a large category. The project’s concession holder, granted mining rights in 2007, originally planned underground mining. However, due to low molybdenum prices at the time, the mine remained unoperational, leaving its resource advantage unexploited economically. To reverse this, in November 2022, the holder commissioned the institute to verify reserves and shifted the mining approach to open-pit extraction.

The plan emphasizes ensuring a stable supply of major medical isotopes. It aims to address supply gaps by researching and constructing internationally advanced research reactors and supporting experimental production facilities. This will enable differentiated production and stable supply of key medical isotopes such as molybdenum-99, carbon-14, strontium-89, yttrium-90, iodine-125, iodine-131, and lutetium-177, while breaking through technologies for developing and producing new medical isotopes.

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.