Molybdenum market update on July 8, 2025

On July 8, 2025, the domestic molybdenum market continues to exhibit a strong upward trend, supported by tight molybdenum raw material supply, active steel tenders, and rising international molybdenum prices.

Analysis of Latest Tungsten Market from Chinatungsten Online 

The new round of tungsten industry institutions and tungsten companies have moderately raised their quotations, boosting market sentiment. Tungsten raw material prices have once again reached a high level, and tungsten ore prices have reached RMB 175,000/ton (up 22.4% from the beginning of the year).

Analysis of Latest Tungsten Market from Chinatungsten Online 

On Monday, the domestic tungsten market remained stable overall. Although market confidence was supported to a certain extent, the overall trading atmosphere was weak due to the stalemate between supply and demand. The industry generally waited and waited for the guidance of a new round of industry institutions and mainstream tungsten companies.

Molybdenum market update on July 7, 2025

On July 7, 2025, the domestic molybdenum market is maintaining a firm trend this week, driven by active downstream inquiries and strong bullish sentiment among suppliers reluctant to sell.

Molybdenum market update on July 4, 2025

This week, the domestic molybdenum market exhibited a pattern of initial decline followed by an upturn.

Analysis of Latest Tungsten Market from Chinatungsten Online 

This week, tungsten prices showed a stable and slightly upward trend, mainly driven by the upstream market sentiment, downstream rigid demand for inventory replenishment and the international strong atmosphere. 

Molybdenum market update on July 3, 2025

The domestic molybdenum market continues to maintain an upward trend, mainly reflected in the continuous increase in molybdenum raw material prices, rising downstream inquiries, and moderate market transactions. Today, the prices of molybdenum concentrate and molybdenum iron are approximately 3,830 yuan/ton-degree and 244,000 yuan/ton, respectively.

Analysis of Latest Tungsten Market from Chinatungsten Online 

Tungsten prices are stable, the raw material side is still strong, the demand side is relatively weak, the market maintains the rule of trading on demand, the transaction atmosphere is deadlocked, and a new round of large enterprises are waiting for quotations.

The "Guangdong Wuhua County Baishizhang Mining Area Molybdenum Resource Verification Report," compiled by the Guangdong Institute of Mineral Resources Exploration, has successfully passed its review. The report indicates an additional 100,000 tons of molybdenum metal, elevating the resource scale to a large category. The project’s concession holder, granted mining rights in 2007, originally planned underground mining. However, due to low molybdenum prices at the time, the mine remained unoperational, leaving its resource advantage unexploited economically. To reverse this, in November 2022, the holder commissioned the institute to verify reserves and shifted the mining approach to open-pit extraction.

The plan emphasizes ensuring a stable supply of major medical isotopes. It aims to address supply gaps by researching and constructing internationally advanced research reactors and supporting experimental production facilities. This will enable differentiated production and stable supply of key medical isotopes such as molybdenum-99, carbon-14, strontium-89, yttrium-90, iodine-125, iodine-131, and lutetium-177, while breaking through technologies for developing and producing new medical isotopes.