According to data compiled by Chinatungsten Online from the General Administration of Customs, in the first half of 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 8,698.06 tons, reflecting a year-on-year increase of 17.74% compared to the first half of 2024. The import value was RMB 1.07 billion, showing a year-on-year growth of 36.50%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in the second quarter of 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 4,865.59 tons. This reflects a year-on-year increase of 47.99% compared to the second quarter of 2024 and a quarter-on-quarter increase of 26.96% compared to the first quarter of 2025. The import value reached RMB 584 million, showing a year-on-year increase of 26.55% and a quarter-on-quarter increase of 19.90%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in June 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) amounted to 2,354.51 tons. This represents a year-on-year increase of 98.75% compared to June 2024 and a month-on-month increase of 67.05% compared to May 2025. The import value was RMB 272 million, reflecting a year-on-year increase of 70.17% and a month-on-month increase of 74.41%.

I. Analysis of China’s Rare Earth Price Trends in June 2025

According to CTIA GROUP LTD, in June 2025, the price trends of China’s light and heavy rare earth products perged: light rare earth prices showed an oscillatory upward trend, while heavy rare earth prices oscillated downward.

I. Analysis of China’s Molybdenum Price Trends in June 2025

According to CTIA GROUP LTD, in June 2025, the price trends of China’s molybdenum raw materials and molybdenum chemical products perged slightly: molybdenum raw material prices followed a pattern of initial increase, stabilization, then decline, while molybdenum chemical product prices remained stable before declining.

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to May 2025, China's exports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 5,995.50 tons, a year-on-year decrease of 24.36% compared to the same period in 2024. The export value was RMB 1.821 billion, reflecting a year-on-year decrease of 14.74%.

Domestic export control measures for dual-use items continue to impact tungsten product exports. From March to May, exports of ammonium paratungstate (APT) and tungsten trioxides were zero, with only 2 kilograms of other tungsten oxides & hydroxides, nes exported in April. Notably, carbides of tungsten exports showed signs of gradual recovery from April to May.

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to May 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 6,343.69 tons, a year-on-year increase of 22.29% compared to the same period in 2024. The import value was RMB 799 million, reflecting a year-on-year increase of 6.60%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in May 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 1,409.50 tons, marking a year-on-year increase of 41.43% compared to May 2024 and a month-on-month increase of 27.94% compared to April 2025. The import value was RMB 156 million, reflecting a year-on-year increase of 8.10% but a month-on-month decrease of 5.39%.

I. Analysis of China’s Rare Earth Price Trends in May 2025

According to CTIA GROUP LTD, the overall price trend of rare earth products in China during May 2025 showed an initial increase followed by a slight decline, with the end-of-month prices for most products higher than at the beginning of the month.