Molybdenum market update on April 7, 2025

At the start of the week, China’s domestic molybdenum market maintained stable operations.

On April 2, 2025, the U.S. government announced the imposition of "reciprocal tariffs" on goods exported from China to the United States. China’s official stance is that this move violates international trade rules, severely undermines China’s legitimate rights and interests, and constitutes a typical act of unilateral bullying. It not only harms U.S. interests but also threatens global economic development and the stability of industrial and supply chains.

On April 4, 2025, the Customs Tariff Commission of the State Council of China announced that, effective from 12:01 on April 10, 2025, a 34% tariff will be imposed on all goods imported from the United States, in addition to the existing applicable tariff rates. Goods that departed their point of origin before 12:01 on April 10, 2025, and are imported between that time and 24:00 on May 13, 2025, will be exempt from this additional tariff.

On April 4, 2025, China’s Ministry of Commerce (MOFCOM) announced the initiation of an industrial competitiveness investigation into imported medical CT ball tube, alongside a separate anti-dumping investigation targeting specific imports from the United States and India. This dual approach reflects China’s strategic response to challenges faced by its domestic medical CT tube industry, which is still in a developmental phase and grappling with competitive pressures from imports.