2025 Hubei Tungsten and Molybdenum Mining Rights Transfer Income Market Benchmark Price

To further implement the spirit of the "Notice of the Ministry of Finance, the Ministry of Natural Resources, and the State Taxation Administration on Issuing the 'Measures for the Collection of Mineral Rights Transfer Proceeds'" (Cai Zong [2023] No. 10) and the "Notice of the General Office of the Ministry of Natural Resources on Issuing the 'Guidelines for Formulating Market Benchmark Prices for Mineral Rights Transfer Proceeds'" (Zi Ran Zi Ban Han [2023] No. 1905), the Hubei Provincial Department began updating and adjusting the market benchmark prices for mineral rights transfer proceeds in 2025 for 25 mineral types listed in the "Mineral Catalogue" of Cai Zong [2023] No. 10, including tungsten, molybdenum, gold, copper, and phosphorus. This effort resulted in the "2025 Hubei Province Research Results on Market Benchmark Prices for Mineral Rights Transfer Proceeds for 25 Mineral Types Including Gold, Copper, and Phosphorus (Draft for Comments)."

Tungsten:

Grade: WO₃ ≥ 0.4%; Benchmark Price: 2,239.4 yuan/ton·WO₃ 65%; Exploration Right Adjustment Coefficients: 0.9/1.0/1.0.

Grade: 0.2% ≤ WO₃ < 0.4%; Benchmark Price: 1,691.0 yuan/ton·WO₃ 65%; Exploration Right Adjustment Coefficients: 0.9/1.0/1.0.

Grade: WO₃ < 0.2%; Benchmark Price: 1,599.6 yuan/ton·WO₃ 65%; Exploration Right Adjustment Coefficients: 0.9/1.0/1.0.

Molybdenum:

Grade: Mo ≥ 0.1%; Benchmark Price: 3,200.0 yuan/ton·metal; Mining Right Adjustment Coefficients: Associated minerals calculated at a minimum grade of 0.7, oxidized ores at a corresponding grade of 0.5; Exploration Right Adjustment Coefficients: 0.9/1.0/1.0.

Grade: Mo < 0.1%; Benchmark Price: 2,600.0 yuan/ton·metal; Mining Right Adjustment Coefficients: Associated minerals calculated at a minimum grade of 0.7, oxidized ores at a corresponding grade of 0.5; Exploration Right Adjustment Coefficients: 0.9/1.0/1.0.

According to China Tungsten Online, in the past, Hubei’s proven tungsten reserves were only 52,500 tons, resulting in a severe supply-demand imbalance. However, in 2023, a historic breakthrough was achieved in the Daye Longjiaoshan mining area, where cumulative identified tungsten resources in the mining area and its surroundings reached over 100,000 tons. This discovery is expected to establish a super-large tungsten deposit, potentially transforming Hubei’s tungsten-scarce resource landscape. These resources are primarily distributed in the southeastern Hubei region, such as the Fujia Mountain area in Daye City. The ore bodies in this region are characterized by large thickness, shallow burial, and good economic viability, with an average thickness of 80 meters and a maximum observed thickness of 158 meters. Moreover, the ore bodies are relatively rich, reaching twice the minimum industrial grade.

Hubei Province’s annual metal molybdenum production is approximately 100,000 tons, accounting for about 10% of the national total and ranking among the top in China. In terms of molybdenum concentrate production, it has consistently exceeded 30,000 tons per year, and even surpassed 50,000 tons in some years. Molybdenum resources in Hubei are mainly distributed in Huanggang, Jingzhou, and Xiangyang, with notable examples including the Jinzhushan molybdenum mine in Jingzhou and the Tapian Mountain molybdenum mine in Huanggang, which are significant representatives of Hubei’s molybdenum resources. Additionally, the Tanyu molybdenum mine in Huangshi City is another important molybdenum production site.

• < Prev
• Next >