Analysis of latest tungsten market from Chinatungsten Online

In March 2025, the forecast average prices by industry bodies and the long-term contract prices for the first half of the month set by several tungsten enterprises were adjusted downwards, clearly indicating a downtrend in the tungsten market.

Recently, according to the official website of the Jiangxi Provincial Market Supervision Administration, in recent years, the Ganzhou City Market Supervision Bureau has seized the opportunity to establish the National Tungsten and Rare Earth Industry Metrology Testing Center. By building a professional technical service platform and deeply implementing the "Three Comprehensives and One Proactive" metrology testing service, it has promoted the transformation of Ganzhou from a "resource treasure trove" to an "industrial highland," actively empowering the high-quality development of Jiangxi’s tungsten and rare earth industries.

Recently, Zhangyuan Tungsten Industry released a report stating that the company achieved operating revenue of 3.673 billion yuan in 2024, a year-on-year increase of 8.02%; operating profit of 224 million yuan, up 27.89% year-on-year; net profit attributable to the parent company of 177 million yuan, up 23.25% year-on-year; non-GAAP net profit of 185 million yuan, up 36.41% year-on-year; and basic earnings per share of 0.15 yuan, up 25.00% year-on-year. By the end of the reporting period, total assets reached 4.95 billion yuan, a year-on-year increase of 1.53%, and equity attributable to the parent company was 2.136 billion yuan, up 4.89% year-on-year.

Molybdenum market update on March 5, 2025

The domestic molybdenum market continues to operate on a generally weak trend, primarily reflected in the slight downward shift in the price center of most products and a lack of confidence among industry participants regarding the future market outlook. Today, the prices of molybdenum concentrate, ferromolybdenum, and molybdenum powder have decreased by approximately 10 yuan/ton-degree, 1,000 yuan/ton, and 5 yuan/kg, respectively.

Analysis of latest tungsten market from Chinatungsten Online

The overall trend of tungsten prices remains in a stalemate, showing weak stability. The complex international political and economic environment, coupled with sluggish industry demand, continues to exert bearish pressure on market sentiment.

Analysis of latest tungsten market from Chinatungsten Online

Molybdenum market update on March 4, 2025

The domestic molybdenum market is in a mediocre situation. With the intertwined influence of positive and negative factors, traders basically maintain rigid transactions, resulting in a relatively dull trading atmosphere in the market, limited actual trading volume, and a slight lack of confidence among industry players in the future market.

Analysis of latest tungsten market from Chinatungsten Online

On Monday, tungsten prices continued to exhibit a trend of weak stability. The market supply and demand relationship remained at an impasse, and the complex export environment raised concerns about demand for some smelting and alloy products.

Molybdenum market update on March 3, 2025

At the start of the week, the domestic molybdenum market generally exhibited a notable downward trend.

On February 24, according to the Guangxi Zhuang Autonomous Region Bureau of Geology and Mineral Resources, from 2021 to 2024, the bureau carried out mineral exploration work for strategic minerals such as tungsten, rare earths, aluminum, manganese, tin, antimony, zirconium, nickel, fluorite, and other minerals urgently needed by industries such as quartz sand and calcium carbonate, promoting Guangxi's special exploration to achieve significant results. By the end of 2024, a total of 14 large and medium-sized deposits of strategic minerals such as rare earths, bauxite, manganese ore, fluorite, and tin have been discovered.