Tungsten News

Tungsten News
What Are the Main Characteristics of Molybdenum Wire? 46

Molybdenum wire is a slender metal wire made from molybdenum metal through precision processing. It is widely used in various fields due to its excellent physical and chemical properties. One of its main characteristics is its high melting point, which reaches 2623°C, much higher than that of many other metals. As a result, molybdenum has excellent high-temperature resistance, allowing it to work stably under extreme temperature conditions. In addition, its oxidation resistance and corrosion resistance make Mo wire an ideal…

Tungsten News
Weak Tungsten Prices, Volatile Cobalt Market 91

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices have exhibited a weak trend, accompanied by negative market sentiment. This is primarily attributed to the recovery cycle of the tungsten raw material supply chain since the first lunar month of the Chinese calendar. However, the demand side remains sluggish, particularly as exports have been affected by certain policies. Consequently, pressures from the overall imbalance between supply and demand in the tungsten market have intensified, leading traders to adopt a…

Tungsten News
Global Rare Earth Reserves Dropped by More Than 18% by the End of 2024 259

According to China Tungsten Online, data from the United States Geological Survey show that by the end of 2024, global rare earth reserves were about 90 million tons, a year-on-year decrease of about 18.18%; among them, China’s rare earth reserves were the highest, at 44 million tons, accounting for 48.89% of the world’s total reserves. In 2024, global rare earth production was about 390,000 tons, a year-on-year increase of about 3.72%; among them, China’s rare earth production was the highest,…

Tungsten News
China’s Molybdenum Production Was 110,000 Tons in 2024 310

According to China Tungsten Online, data from the United States Geological Survey showed that as of the end of 2024, the global molybdenum reserves were about 15,000 kilotons, the same as the previous year; and China’s molybdenum reserves were the highest, at 5,900 kilotons, accounting for 39.33% of the global total reserves. In 2024, the global molybdenum production was about 260,000 tons, an increase of about 4.84% year-on-year; and China’s molybdenum production was the highest, at 110,000 tons, an increase…

Tungsten News
Global Tungsten Production Exceeds 80,000 Tons in 2024 608

According to China Tungsten Online, data from the United States Geological Survey show that by the end of 2024, global tungsten reserves were about 4.6 million tons, up about 4.55% year-on-year; among them, China had the highest tungsten reserves, at 2.4 million tons, accounting for 52.17% of the world’s total reserves, up about 4% from the end of 2023. Vietnam’s tungsten reserves increased most significantly, increasing by nearly 90% to 140,000 tons. In 2024, global tungsten production was about 81,000…

Tungsten News
Molybdenum Market Update – February 26, 2025 81

Molybdenum market update on February 26, 2025 The domestic molybdenum market as a whole presented a steadily weak operating trend. In the complex situation where bullish and bearish factors were intertwined, buyers and sellers engaged in fierce price-setting battles, and most of them adopted a cautious wait-and-see stance, resulting in sluggish order growth. From the perspective of positive factors, first, the international molybdenum market has been performing well recently, and the international molybdenum price has been fluctuating upward. This has…

Tungsten News
Rare Earth Market Update – February 26, 2025 350

Rare earth market update on February 26, 2025 The domestic rare earth market, on the whole, shows a scenario of a price-driven but market-sluggish situation. Today, the prices of several products keep rising. Specifically, the price of praseodymium-neodymium oxide has increased by another 1,000 yuan per ton, the price of terbium oxide has gone up by another 20 yuan per kilogram, and the price of dysprosium oxide has risen by another 20,000 yuan per ton. According to China Tungsten Online,…

Tungsten News
Tungsten Waste and Scrap Market Weakens 130

Analysis of latest tungsten market from Chinatungsten Online The tungsten market is under pressure, with insufficient domestic demand incentives and a challenging foreign trade environment. Participants adopt a cautious approach, leading to sluggish market shipments and softened quotes. Despite the relatively tight supply of tungsten ore resources, the release of downstream procurement demand has fallen short of expectations, causing market confidence to decline and transactions to remain weak. Consequently, the price of 65% wolframite concentrate is reported to be around…

Tungsten News
Molybdenum Market Update – February 25, 2025 111

Molybdenum market update on February 25, 2025 The domestic molybdenum market as a whole remains in a stalemate. With the supply and demand relationship relatively balanced and no major news released in the market, traders are generally in a state of sentiment to enter the market, so the actual transaction volume is limited. At present, the industry focuses on the performance of steel bidding activities at the end of the month. In the molybdenum concentrate market, the transaction price of…

Tungsten News
Rare Earth Market Update – February 25, 2025 116

Rare earth market update on February 25, 2025 The overall center of gravity of domestic rare earth prices has moved up again, among which the price of praseodymium oxide has increased by about 4,000 yuan/ton, the price of praseodymium-neodymium oxide has increased by about 8,000 yuan/ton, the price of erbium oxide has increased by about 2,000 yuan/ton, and the price of terbium oxide has increased by about 50 yuan/kg. From the supply side, affected by factors such as stricter environmental…

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