Tungsten News

Tungsten News
Tungsten Market: Demand Repairs Needed Amid Temporary Price Stability 49

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices generally remained stable, with marginal improvements in market supply-demand balance but still dominated by deadlock. External pressures from economic recession risks and geopolitical conflicts have kept traders cautious, resulting in subdued transaction activities and a wait-and-see stability in market dynamics. 65% wolframite concentrate prices remained at $19,718.3/ton. Recent inquiries from buyer for rigid demand saw slight increases, while suppliers maintained price stabilization measures. Spot transaction volumes remained unremarkable. Ammonium Paratungstate…

Tungsten News
Molybdenum Market Update – March 18, 2025 66

Molybdenum market update on March 18, 2025 The domestic molybdenum market has generally exhibited a stable yet slightly weak pattern. Over the past half month, market prices have dropped significantly, which has heightened profit awareness among many suppliers. Coupled with decent inquiry and purchasing activity from downstream users, the pace of price declines has slowed further. As of now, the total volume of molybdenum iron recruited by steel companies in March is close to 10,000 tons. Industry insiders currently predict…

Tungsten News
Rare Earth Market Update – March 18, 2025 48

Rare earth market update on March 18, 2025 The domestic rare earth market has maintained an overall stable operating trend. The interplay of bullish and bearish factors has made it difficult for buyers and sellers to reach a high degree of consensus during negotiations, resulting in product prices lacking momentum for significant increases while also being resistant to substantial declines. At the same time, order growth has been relatively slow. From the perspective of positive factors: First, downstream manufacturing enterprises…

Tungsten News
Tungsten Powder Prices Hold Steady, Cobalt Powder Prices Surge 70% 47

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices remain stable, with mixed market sentiments prevailing. The current phase is characterized by cautious sideways movement as stakeholders observe the standoff between tungsten ore suppliers’ reluctance to sell and downstream buyers’ price negotiations. The quotations from several representative tungsten companies this week serve as the main reference indicators. The price of 65% wolframite concentrate maintains at $19,718.3/ton, reflecting tight supply, weak demand, and trading stagnation. Sellers remain unwilling to compromise…

Tungsten News
Uzbekistan to Develop 76 Mineral Projects Including Tungsten Over Three Years 127

In recent years, Uzbekistan has been ambitiously positioning itself as a leader in the global rare minerals sector. In March 2025, the country unveiled a three-year investment plan worth $2.6 billion aimed at developing 76 mineral projects, including tungsten and molybdenum, encompassing 28 critical elements. This strategic initiative is designed not only to revitalize the domestic economy but also to transform Uzbekistan into a key player in the global technology supply chain through the high-value development of its mineral resources.…

Tungsten News
Discovery of Large-scale Tungsten-Molybdenum Ore Bodies in Bobai County, Yulin, Guangxi 61

In 2024, the Sixth Geological Team of Guangxi made significant progress in the “Geological Survey and Evaluation of Tungsten-Molybdenum Polymetallic Ore in Daqiao, Luchuan County – Ningtan, Bobai County, Yulin City” project implemented in Jingkou Town, Bobai County, Yulin City. The discovery of multiple tungsten-molybdenum ore bodies has further revealed the mineral resource potential of this area. Through systematic exploration, the project has delineated 46 tungsten (molybdenum) ore bodies. In 2024, 19 new ore bodies were discovered in the Xinxiu…

Tungsten News
Tungsten Prices Stable Amid Cost Support and Weak Demand 49

Analysis of latest tungsten market from Chinatungsten Online On Monday, the tungsten prices remained stable, but the market inquiry and transaction atmosphere are still under pressure. The sluggish demand side has led to slow inventory digestion in the mid-to-downstream sectors of the industry chain; however, with rigid cost support from the mining end, there is limited room for the price to continue declining. Recently, the tungsten market has exhibited cautious sentiment, with trading primarily driven by demand. Prices are holding…

Tungsten News
Molybdenum Market Update – March 17, 2025 52

Molybdenum market update on March 17, 2025 At the beginning of the week, the domestic molybdenum market in China continued to exhibit a slight downward trend overall, with prices of molybdenum concentrate, ferromolybdenum, and molybdenum oxide dropping by approximately 10 yuan, 1,000 yuan, and 10 yuan, respectively. This is mainly attributed to factors such as a weak international molybdenum market, low steel bidding prices, and relatively abundant spot supply in the market. According to China Tungsten Online, steel companies recently…

Tungsten News
Rare Earth Market Update – March 17, 2025 50

Rare earth market update on March 17, 2025 At the beginning of the week, the domestic rare earth market in China maintained a stable trend overall. With downstream users generally sticking to just-in-time procurement and the growth rate of spot supply in the market remaining moderate, product prices showed no significant changes. Among them, the prices of praseodymium oxide, terbium oxide, and dysprosium oxide stabilized at approximately 464,000 yuan/ton, 6,650 yuan/kg, and 1,720,000 yuan/ton, respectively. According to China Tungsten Online,…

Tungsten News
The Tungsten Concentrate Output of Youmapo Tungsten-Molybdenum Mine after the Production Process Has Attracted Attention 58

Recently, according to a report from China Mining News, in Jingkou Town, Bobai County, Guangxi Zhuang Autonomous Region, the project team of the Guangxi Sixth Geological Team, working on the “Geological Survey and Evaluation of the Daqiao-Ningtan Tungsten-Molybdenum Polymetallic Deposit in Luchuan County and Bobai County, Guangxi,” is carrying out drilling operations for the final borehole. The sounds of drilling and machinery resonate loudly as the team lowers and retrieves the drill. It is reported that this project builds on…

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