Tungsten News

Tungsten News
CMOC group’s Layout of Gold Resources 22

On June 26th, CMOC group announced the completion of the acquisition of Canadian – listed company Lumina Gold, officially acquiring a 100% stake in the Cangrejos Project in Ecuador. The transaction was completed on June 24th, 2025. On April 21st, CMOC group announced a C $581 – million all – cash acquisition of all common shares of Lumina Gold, with the core target being this primary gold – mine project in the Andean metallogenic belt. The Cangrejos Gold Mine is…

Tungsten News
Molybdenum Market – June 27, 2025 33

Molybdenum market update on June 27, 2025 This week, the domestic molybdenum prices showed an overall downward trend, with the decline of some products slightly expanding. For example, the daily decline of molybdenum concentrate prices increased from about 10 yuan/ton-degree to about 40 yuan/ton-degree. It is worth noting that despite the price drop, the market trading volume did not significantly increase. CTIA GROUP LTD believes that the decline in molybdenum prices is a normal market reaction, mainly due to the…

Tungsten News
Rare Earth Market – June 27, 2025 27

Rare earth market update on June 27, 2025 This week, the domestic rare earth market as a whole showed a mixed pattern of ups and downs. Under the interweaving of multiple and bearish factors, the price trends of light and heavy rare earths were slightly different, but both types of products still had significant room for transaction growth. In the light rare earth market, due to weak downstream demand, stricter environmental policies, and the current low prices of light rare…

Tungsten News
Deep Supply-Demand Game in the Tungsten Market – June 27, 2025 94

Prices of Tungsten Products on June 27, 2025 Tungsten Price Trend from January to June 27, 2025 Analysis of Latest Tungsten Market from Chinatungsten Online This week, tungsten prices showed a rational correction trend, and the prices of major tungsten raw materials fell slightly, but reasonable price corrections created trading opportunities for the market. The trading activity of rigid demand in the market has increased, and the actual transaction price fluctuations are still subject to the supply-demand game. The overall…

Tungsten News
Molybdenum Market – June 26, 2025 65

Molybdenum market update on June 26, 2025 The domestic molybdenum market persists in a downward correction trend, with supportive factors weakening and steel tender prices continuing to decline, shifting consumer market sentiment from a stalemate to a downturn, and increasing industry concerns about future prospects. Today, molybdenum concentrate price decreased by another 20 yuan/ton-degree, ferromolybdenum price dropped by another 1,000 yuan/ton, and molybdenum bar price fell by another 10 yuan/kg. On the bullish side, recent frequent high temperatures, heavy rainfall,…

Tungsten News
Rare Earth Market – June 26, 2025 39

Rare earth market update on June 26, 2025 The domestic rare earth market is experiencing overall weak conditions, marked by sluggish price increases, low enthusiasm among traders for market engagement, and reduced transaction volumes. Today, prices for praseodymium oxide, gadolinium oxide, and dysprosium-iron alloy are approximately 464,000 yuan/ton, 165,000 yuan/ton, and 1,580,000 yuan/ton, respectively. In the light rare earth market, a stalemate persists. Although downstream essential procurement remains challenging, the positive outlook for rare earth downstream industries, coupled with optimistic…

Tungsten News
Tungsten Supply Chain: Upstream and Downstream Stand Their Ground 30

Analysis of Latest Tungsten Market from Chinatungsten Online Tungsten prices are temporarily stable, and the market continues to be in a stalemate between supply and demand. The upstream resource end maintains the logic of selling a small amount and supporting the market, the midstream smelting end is deeply trapped in the dilemma of profit inversion, and the downstream application end implements a conservative procurement strategy. The upstream and downstream of the tungsten industry chain each hold their own positions, and…

Tungsten News
India’s ?500 Billion Rare Earth Production Plan Accelerates 21

On June 21, 2025, The Times of India reported that India is considering a ?350-500 billion rare earth production plan to boost domestic raw material and magnet production, with approval expected within two weeks. This move aims to reduce India’s reliance on Chinese rare earth products. China is a dominant force in the global rare earth sector, leading in reserves, production, and export volumes. According to the U.S. Geological Survey, as of the end of 2024, China holds 44 million…

Tungsten News
China Successfully Prepares Rare Earth Triple-Bond Compound 24

Recently, a Chinese research team achieved a major breakthrough in rare earth chemistry. Researchers from Soochow University, in collaboration with those from Tsinghua University, successfully synthesized a rare earth triple-bond compound, long considered a “forbidden zone” in scientific research. This achievement challenges traditional understanding of rare earth elements’ bonding capabilities, with the findings published in Nature Chemistry. Rare earth elements include scandium, yttrium, and the 15 lanthanide elements. Due to their unique magnetic, optical, electrical, and catalytic properties, rare earth…

Tungsten News
Molybdenum Prices – June 25, 2025 62

Molybdenum market update on June 25, 2025 The domestic molybdenum prices are exhibiting a high-level downward trend, with molybdenum concentrate price decreasing by approximately 10 yuan/ton-degree, ferromolybdenum price decreasing by about 1,000 yuan/ton, and molybdenum powder price decreasing by around 2 yuan/kg. Currently, the continuous decline in steel tender prices has slightly undermined industry confidence in the future market. In the molybdenum concentrate market, a supply-demand stalemate persists. Supported by strong production costs and limited spot supply, some holders maintain…

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