Tungsten News

Tungsten News
Tungsten Enterprise Guided Prices Reduced 54

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…

Tungsten News
Molybdenum Market Update – February 21, 2025 61

Molybdenum market update on February 21, 2025 This week, the domestic molybdenum market remained subdued. Influenced by factors such as fluctuating international molybdenum prices, steady downstream demand, persistent price pressure from steel companies, weakening production cost support, and increasing market supply, traders adopted a cautious wait-and-see approach. As a result, product prices showed minimal fluctuations. Ferromolybdenum prices experienced a slight decline of 0.43%, while prices for other molybdenum products remained relatively stable. According to China Tungsten Online, the Chinese molybdenum…

Tungsten News
Rare Earth Market Update – February 21, 2025 56

Rare earth market update on February 21, 2025 This week, the domestic rare earth market exhibited a pattern of initial decline followed by a rebound. At the beginning of the week, influenced by the significant price increases from the previous week, the persistently high rare earth prices, and limited downstream inquiries, suppliers rationally lowered their quotations. However, towards the weekend, the Ministry of Industry and Information Technology (MIIT) released draft regulations for public consultation on rare earth production quotas and…

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Molybdenum Exports from Peru Reached $1.71 Billion in 2024 95

In 2024, Peru’s mining exports shone brightly, with molybdenum, as one of the key mineral products, achieving an export value of $1.71 billion throughout the year, marking an increase of over 22% year-on-year and accounting for approximately 2.3% of Peru’s total exports. According to data compiled by Chinatungsten Online from the USGS, as of the end of 2023, Peru’s molybdenum reserves stood at approximately 1.5 million tonnes, accounting for about 10% of global reserves. In 2023, molybdenum mine production amounted…

Tungsten News
Tungsten Concentrate and Ammonium Paratungstate Prices Fall 84

Analysis of latest tungsten market from Chinatungsten Online Tungsten prices are under pressure and consolidating, with weak coordination between the demand and supply sides. Actual transaction activity is slightly weaker, and the market is watching the performance of long-term purchase prices by tungsten enterprises in the second half of the month. The price of 65% black tungsten concentrate is $20,281.7/ton. Although production has gradually resumed, there has been no significant improvement in downstream consumption capacity and willingness. This has affected…

Tungsten News
Global Rare Earth Production Increased by Nearly 4% in 2024 276

Recently, the United States Geological Survey (USGS) released the global rare earth production and reserves in 2024, as well as the situation of the rare earth industry in the United States. The following is the relevant content compiled by China Tungsten Online. Global rare earth reserves and production In 2024, the global rare earth reserves will be about 90 million tons, a year-on-year decrease of 18.18%. Among them, China has the highest rare earth reserves of 44 million tons, accounting…

Tungsten News
Global Molybdenum Production Increased by Nearly 5% in 2024 215

Recently, the United States Geological Survey (USGS) released the global molybdenum production and reserves in 2024, as well as the situation of the U.S. molybdenum industry. The following is the relevant content compiled by China Tungsten Online. Global Molybdenum Reserves and Production in 2024 In 2024, the estimated average U.S. molybdic oxide price decreased by 13% compared with that in 2023. Estimated U.S. total imports for consumption of molybdenum decreased slightly compared with those in 2023. Estimated U.S. total exports…

Tungsten News
Global Tungsten Reserves Rose by Nearly 5% in 2024 376

Recently, the United States Geological Survey (USGS) released the global tungsten production and reserves in 2024, as well as the situation of the U.S. tungsten industry. The following is the relevant content compiled by China Tungsten Online. Global tungsten reserves and production in 2024 World tungsten supply was dominated by Chinese production and exports. Tungsten concentrate production outside China was estimated to have increased in 2024 but remained around 20% of total world production, owing in part to the addition…

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Focus on Rare Earth: Public Solicitation of Opinions on Total Quantity Control and Information Traceability Management Methods 45

According to China Tungsten Online, in order to implement the “Rare Earth Management Regulations”, effectively protect and rationally develop and utilize rare earth resources, maintain ecological security, and promote the high-quality development of the rare earth industry, the Raw Materials Industry Department of the Ministry of Industry and Information Technology has drafted the “Measures for the Total Control of Rare Earth Mining and Rare Earth Smelting and Separation (Interim) (Draft for Public Comments)” and “Measures for the Information Traceability of…

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Molybdenum Market Update – February 20, 2025 51

Molybdenum market update on February 20, 2025 The domestic molybdenum market as a whole maintained a stable operation, mainly reflected in the fact that traders basically maintained rigid transactions and product prices did not change significantly. In the short term, the shipment status of molybdenum mining enterprises and the trend of the international molybdenum market have become the focus of attention of industry insiders. According to China Tungsten Online, the current market positive factors include: First, the international molybdenum price…

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