In 2024, Peru's mining exports shone brightly, with molybdenum, as one of the key mineral products, achieving an export value of $1.71 billion throughout the year, marking an increase of over 22% year-on-year and accounting for approximately 2.3% of Peru's total exports.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are under pressure and consolidating, with weak coordination between the demand and supply sides. Actual transaction activity is slightly weaker, and the market is watching the performance of long-term purchase prices by tungsten enterprises in the second half of the month.

Recently, the United States Geological Survey (USGS) released the global tungsten production and reserves in 2024, as well as the situation of the U.S. tungsten industry. The following is the relevant content compiled by China Tungsten Online.

Recently, the United States Geological Survey (USGS) released the global molybdenum production and reserves in 2024, as well as the situation of the U.S. molybdenum industry. The following is the relevant content compiled by China Tungsten Online.

Molybdenum market update on February 20, 2025

The domestic molybdenum market as a whole maintained a stable operation, mainly reflected in the fact that traders basically maintained rigid transactions and product prices did not change significantly.

Tungsten, a metallic element, has long been the focus of attention in the industrial sector due to its high strength, high density, and excellent corrosion resistance. It plays a crucial role in various fields such as carbide alloys, specialty steels, and electronic materials, and is widely used in mechanical processing, optoelectronic information, aerospace, national defense, and military industries.

Molybdenum market update on February 19, 2025

The domestic molybdenum market is generally experiencing a pattern of negative decline and consolidation.

Analysis of latest tungsten market from Chinatungsten Online

Since January, expectations for tungsten market supply and demand have shifted. International tungsten prices have strengthened due to supply chain concerns arising from China's export controls, while domestic tungsten prices have weakened as producers resume operations but the demand side fails to respond adequately.

According to the announcement by the International Trade Administration (ITA) of the United States, on February 13, 2025, the U.S. Department of Commerce (Commerce, USDOC) announced its preliminary affirmative determination in the antidumping duty (AD) investigation of certain tungsten shot from the People’s Republic of China (China). USDOC is also conducting a concurrent countervailing duty (CVD) investigation of certain tungsten shot from China.

Molybdenum market update on February 18, 2025

The domestic molybdenum market generally maintains a weakly consolidated operation. Amid the interweaving of bullish and bearish factors, the trading atmosphere among traders is rather subdued, leading to limited market trading volume and narrow-range fluctuations in product prices.