According to a report from the iNature website, in 2024, the Xinjiang Uygur Autonomous Region leveraged its resource endowments and geographical advantages to continue implementing a new round of strategic breakthroughs in mineral exploration. This effort resulted in the addition of six large-scale resource bases: the Yumin Sujiuhe 500,000-ton molybdenum base, the Shanshan Nanhu Gobi-Quelridge million-ton copper-molybdenum base, the Hami Weiya-Niumaoquan billion-ton iron and ten-million-ton titanium base, the Atushen Puchang-Karajun billion-ton iron and ten-million-ton titanium base, the Qiemo-Ruoqiang trillion-cubic-meter shale gas base, and the Yingjisha-Yecheng trillion-cubic-meter shale gas (oil and gas) base. This development signifies a steady enhancement of Xinjiang’s mineral resource security capabilities.

On February 21, the national key scientific and technological project "Deep Earth," under the sub-project titled "Positioning Mechanism and Prospecting Breakthrough of Tin-Antimony-Gold Deposits in the Yunnan-Guizhou-Guangxi Border Region," was officially launched. Xiao Changhao, an expert in ore-field tectonics from the Institute of Geomechanics, is the lead researcher for the project "Discovery of a New Type of Tungsten-Tin Deposit in a New Stratum in the Youjiang Region of Western Guangxi," which was listed among the "Top Ten Geological Science and Technology Advances of 2024" by the China Geological Survey.

Molybdenum market update on March 28, 2025

This week, domestic molybdenum price exhibited an overall trend of fluctuating upward movement, primarily attributed to strong reluctance to sell and bullish sentiment among molybdenum mining companies in recent days, rising steel tender prices, steady downstream demand, and a relatively favorable non-ferrous metals market.

Analysis of latest tungsten market from Chinatungsten Online 

This week, tungsten prices showed a slight upward trend, with ongoing and intensifying competition between the upstream and downstream segments of the industrial chain. 

Molybdenum market update on March 27, 2025

The overall focus of domestic molybdenum price continues to shift slightly upward, with molybdenum concentrate prices rising by approximately 20 yuan per ton-degree, breaking through the 3,400 yuan per ton-degree threshold, while ferromolybdenum and molybdate prices each increased by about 1,000 yuan per ton.

Analysis of latest tungsten market from Chinatungsten Online 

Tungsten prices are consolidating amid market gamesmanship, with a clear pattern of strong supply and weak demand, leaving limited room for price fluctuations. 

Molybdenum market update on March 26, 2025

The domestic molybdenum market is showing an overall trend of stabilizing and rebounding, with the price of molybdenum concentrate rising by approximately 50 yuan per ton-degree.

Analysis of latest tungsten market from Chinatungsten Online 

The tungsten price is temporarily stable, with moderate trading activity driven by essential demand. From a fundamental perspective, there is a clear tug-of-war between supply and demand, with the industry chain exhibiting a typical "neither high nor low" characteristic.

Molybdenum market update on March 25, 2025

The domestic molybdenum market has shown an overall trend of stabilizing and halting its decline, with the interplay of bullish and bearish factors gradually shifting the consumer market from a buyer's market to a seller's market. This shift is mainly reflected in two key aspects: first, the supply of low-priced goods has tightened, and the phenomenon of low-price dumping in the market has decreased; second, market trading volume has increased, with a noticeable rise in transaction activity.

Recently, the Natural Resources Department of Guangxi Zhuang Autonomous Region issued a notice on several measures to strengthen the assurance of natural resource elements to support the sustained economic recovery and improvement.