According to data compiled by Chinatungsten Online from the General Administration of Customs, in May 2025, China's imports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 1,409.50 tons, marking a year-on-year increase of 41.43% compared to May 2024 and a month-on-month increase of 27.94% compared to April 2025. The import value was RMB 156 million, reflecting a year-on-year increase of 8.10% but a month-on-month decrease of 5.39%.

I. Analysis of China’s Rare Earth Price Trends in May 2025

According to CTIA GROUP LTD, the overall price trend of rare earth products in China during May 2025 showed an initial increase followed by a slight decline, with the end-of-month prices for most products higher than at the beginning of the month.

I. Analysis of China’s Molybdenum Price Trends in May 2025

According to CTIA GROUP LTD, the price trend of molybdenum products in China during May 2025 was initially stable before experiencing a significant surge, with the total ferromolybdenum tendered by steel companies exceeding 12,000 tons.

CTIA GROUP LTD has compiled the import and export data of Chinese molybdenum products released by the General Administration of Customs as follows: From January to April 2025, China's cumulative molybdenum product imports totaled 29,675.05 tons, an increase of 34.48% year-on-year; the cumulative import value was 4.323 billion yuan, an increase of 42.48% year-on-year.

CTIA GROUP LTD has compiled the imports and exports of China's molybdenum products released by the General Administration of Customs as follows: In April 2025, China's molybdenum products imports totaled 8,345.85 tons, an increase of 10.49% month-on-month and an increase of 37.87% year-on-year; the import value was 1.244 billion yuan, an increase of 8.81% month-on-month and an increase of 51.85% year-on-year.

According to data compiled by Chinaungsten Online from the General Administration of Customs,from January to April 2025, the cumulative export volume of tungsten products from China (excluding carbide tools and tungsten halogen lamps) was 4,700.12 tons, a decrease of 24.58% compared to the same period in 2024. The cumulative import value was 1.426 billion yuan, a decrease of 14.15% year-over-year.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in April 2025, China's exports of tungsten products (excluding carbide tools and tungsten halogen lamps) reached 1,383.17 tons, reflecting a year-on-year decrease of 25.81% and a month-on-month increase of 68.33%. The value of these exports was 421 million yuan, showing a year-on-year decrease of 12.34% and a month-on-month increase of 64.36%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to April 2025, China's imports of tungsten products (excluding carbide tools and tungsten halogen lamps) totaled 4,934.79 tons, representing a year-on-year increase of 17.73% compared to the same period in 2024. The cumulative value of these imports was 643 million yuan, reflecting a year-on-year increase of 6.25%.

According to data compiled by Chinatungsten Online from the General Administration of Customs, in April 2025, China's imports of tungsten products (excluding carbide tools and tungsten halogen lamps) totaled 1,101.72 tons, representing a year-on-year decrease of 0.43% compared to April 2024 and a month-on-month decrease of 0.68% compared to March 2025. The value of these imports was 156 million yuan, reflecting a year-on-year decrease of 0.64% and a month-on-month increase of 8.73%.

According to data compiled by CTIA GROUP LTD from the General Administration of Customs, China's molybdenum products exports for the first quarter of 2025 are as follows: