Tungsten News

Tungsten News
Potential Tungsten and Tin Resources Discovered in Victoria 79

According to media reports, the Resources Victoria, Australia, in collaboration with the United States Geological Survey, has recently completed a study on granites located in central and eastern Victoria. This study has, for the first time, confirmed the potential presence of tin and tungsten resources in these granite regions. Tungsten, an essential industrial metal, plays a crucial role in high-precision manufacturing due to its exceptional hardness and density. It is widely used in the manufacture of cutting tools, drilling equipment,…

Tungsten News
Tungsten Powder Prices Decline 152

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices remained stable on Monday, as the tug-of-war between market supply and demand remained intense. Overall trade confidence was under pressure, and transaction prices mainly referred to the long-term contract prices of major tungsten enterprises. According to a survey by China Tungsten Online, export control measures for tungsten-related items imply stricter market access conditions. As a result, the operating capacity of Chinese smelting enterprises has decreased. These enterprises are currently re-examining…

Tungsten News
Rare Earth Concentrate Output in the United States Increased by More Than 8% in 2024 256

According to data from the United States Geological Survey (USGS), in 2024, the United States’ rare earth concentrate production is expected to be 45,000 tons, an increase of about 8.17% year-on-year; the production of rare earth compounds and metals is expected to be 1,300 tons, an increase of about 420% year-on-year; the import volume of rare earth compounds is expected to be 8,000 tons, a decrease of about 10.31% year-on-year; the import volume of ferrocerium and alloys is expected to…

Tungsten News
Molybdenum Concentrate Production in the United States Dropped by Nearly 3% in 2024 291

According to data from the United States Geological Survey (USGS), in 2024, the United States’ molybdenum concentrate production is expected to be 33,000 tons, a year-on-year decrease of about 2.94%, accounting for 12.69% of the world’s total production; the import volume of molybdenum ore and its concentrate is expected to be 16,000 tons, a year-on-year decrease of about 1.23%; the import volume of molybdenum primary products is expected to be 13,000 tons, a year-on-year decrease of about 3.70%; the export…

Tungsten News
The Import Volume of Tungsten Ore in the United States Dropped by Nearly 9% in 2024 164

According to data from the United States Geological Survey (USGS), in 2024, the import volume of tungsten ore and concentrate in the United States will be about 1,500 tons, a year-on-year decrease of about 8.54%; the import volume of other tungsten products will be about 8,900 tons, a year-on-year decrease of about 11.00%; the export volume of tungsten ore and concentrate will be about 2,000 tons, a year-on-year increase of about 10.42%; the export volume of other tungsten products will…

Tungsten News
Molybdenum Market Update-February 24, 2025 102

Molybdenum market update on February 24, 2025 At the beginning of the week, the domestic molybdenum market as a whole maintained a sideways trend. Under the influence of the slight increase in international molybdenum prices and the unrelieved price-cutting sentiment of steel companies, upstream and downstream companies in the industrial chain basically maintained rigid transactions, so that product prices did not fluctuate significantly and the order growth rate was slow. Today, the prices of molybdenum concentrate, ferromolybdenum and molybdenum oxide…

Tungsten News
Rare Earth Market Update-February 24, 2025 225

Rare earth market update on February 24, 2025 At the beginning of the week, the overall center of gravity of domestic rare earth prices moved downward, mainly due to the significant increase in the price of rare earth products near the weekend last week, while downstream demand followed up slowly, which led to a rational reduction in suppliers’ quotations. Today, the price of praseodymium oxide dropped by about 5,000 yuan/ton, the price of praseodymium-neodymium oxide dropped by about 3,000 yuan/ton,…

Tungsten News
Yunnan Mangshi Dalu Factory Tungsten-lead Mine Development Plan Passed Review 139

It was learned from the website of the Ministry of Natural Resources that according to the “Notice of the General Office of the Ministry of Natural Resources on Issuing the Guidelines for the Preparation of Mineral Resources (Non-Oil and Gas) Development and Utilization Plans” (Natural Resources Office [2024] No. 33) and other relevant regulations, the Oil and Gas Resources Strategic Research Center of the Ministry of Natural Resources organized experts to review the “Tungsten-Lead Mine Mineral Resources Development and Utilization…

Tungsten News
Baotou Rare Earth Magnetic Material Output Increased by Nearly 60% in 2024 155

Recently, the Baotou Industry and Information Technology Bureau reported that in 2024, the added value of Baotou’s industrial enterprises above designated size increased by 14.3% year-on-year, surpassing the national average (5.8%) by 8.5 percentage points and the regional average (6.8%) by 7.5 percentage points. This marks 52 consecutive months of double-digit growth. In 2024, the rare earth, crystalline silicon photovoltaic, steel, and aluminum industries will serve as the “four pillars” of Baotou’s industrial sector, with their output values each exceeding…

Tungsten News
Tungsten Enterprise Guided Prices Reduced 82

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices have come under overall pressure and declined this week. The tungsten market is currently in a delicate phase characterized by insufficient effective domestic demand and an unstable international trade environment. Profits in the smelting sector are squeezed by costs and consumption, while export controls, tariff barriers, geopolitical conflicts, and other disturbances continue to impact the market, leading to a cautious and stalemate situation. Yesterday, tungsten enterprises successively announced their guided…

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