Molybdenum market update on May 23, 2025

This week, the domestic molybdenum price trend has shown a pattern of stability followed by an upward movement, with the price increases for many products being larger than last week.

Analysis of Latest Tungsten Market from Chinatungsten Online

This week, tungsten prices have shown a slow decline from high levels, with complex market sentiment and obvious entanglement among participants. 

Molybdenum market update on May 22, 2025

The overall market sentiment of molybdenum in China remains optimistic. Supported by suppliers' intensified reluctance to sell amid bullish expectations and moderate downstream demand, market trading activity is brisk, with most product prices continuing to rise and transaction volumes remaining high.

Analysis of Latest Tungsten Market from Chinatungsten Online

Recently, due to the short-term sharp rise in the tungsten market, China Tungsten Online has received many inquiries. In response to these inquiries and exchanges, we put forward the following views, which not only represent our observations on the tungsten market, but also represent the feelings of China Tungsten Online as a tungsten product production and sales practitioner with decades of experience.

Molybdenum market update on May 21, 2025

The domestic molybdenum market shows a stable yet slightly bullish trend, characterized by a modest rise in molybdenum product prices, decent enthusiasm from traders entering the market, and relatively substantial transaction volumes.

Analysis of Latest Tungsten Market from Chinatungsten Online

After the Fujian state-owned tungsten enterprises announced the long-term purchase price, two representative tungsten enterprises in Jiangxi also released tungsten raw material quotations, with a roughly consistent increase in half a month (8.3%-8.7%). 

Molybdenum market update on May 20, 2025

The domestic molybdenum market continues to operate steadily, with product prices showing minimal changes and transaction volumes at an average level, driven by a relatively balanced supply-demand dynamic and no significant policy announcements. Industry participants are currently focusing on the shipment trends of molybdenum mining companies and the pricing and volume performance of steel mill tenders.

According to Fujian Daily, Zijin Mining recently received a resource reserve evaluation approval certificate from the Fujian Provincial Natural Resources Evaluation Center for its "Zijinshan Mine Northeast Ore Section Copper Exploration Report." This copper mine, identified as the largest porphyry copper-molybdenum deposit discovered in Fujian in nearly 20 years, has a cumulative ore volume of 340 million tons, with 1.33 million tons of copper metal resources and 90,000 tons of molybdenum metal resources.

As of 12:23 AM PDT on Tuesday, May 20, 2025, recent information from the Jiangxi Provincial Department of Natural Resources indicates that the fourth quarter of 2024 saw the addition of 242 new geological data entries, including 8 related to the tungsten industry, 3 to the molybdenum industry, and 11 to the rare earth industry. Below is a compiled list of new geological data entries related to the tungsten, molybdenum, and rare earth industries, organized by CTIA GROUP LTD:

The Fujian Provincial Department of Natural Resources recently announced, as part of its response to Proposal No. 20251363 from the Third Session of the 13th Fujian Provincial Committee of the Chinese People's Political Consultative Conference, several measures to promote the large-scale development and utilization of mineral resources. Focusing on strategic resources, five national planning mining areas have been designated: Xinluo Wan'an Rare Earth Mine, Shanghang Yangpokeng-Wuping Jinqiao Rare Earth Mine, Wuyishan Shangxikeng-Pucheng Hantangwu Molybdenum Fluorite Mine, Gutian Xichao Molybdenum Mine, and Dehua Shuangqishan-Dongyang Gold Mine. These areas aim to establish a modern, efficient resource development and utilization demonstration zone through unified planning and optimized layouts, promoting large-scale and intensive resource development. Additionally, based on the current state of key and strategic mineral development in Fujian, six energy and resource bases have been established: Longyan Makeng Iron Mine, Longyan Zijinshan Copper Mine, Pucheng Longtangsi-Yilishuping Fluorite Mine, Shaowu Nanshanxia-Daping Fluorite Graphite Mine, Qingliu Weijiashan-Yong'an Yinkeng Fluorite Mine, and Ninghua Xingluokeng-Qingliu Guomuyang Tungsten Mine. These bases will receive prioritized support in industrial planning, major project arrangements, resource allocation, and related policies to drive large-scale resource development and industrial clustering, forming a strategic core area to ensure a secure mineral resource supply.