Tungsten News

Tungsten News
India’s ?500 Billion Rare Earth Production Plan Accelerates 23

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 25

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 77

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…

Tungsten News
Rare Earth Prices – June 25, 2025 57

Rare earth market update on June 25, 2025 The domestic rare earth prices are fluctuating within a reasonable range, with a balanced supply-demand dynamic leading to a somewhat stagnant negotiation atmosphere between buyers and sellers, resulting in a subdued trading mood. Today, at 03:04 PM HKT on Wednesday, June 25, 2025, prices for neodymium oxide, praseodymium-neodymium metal, and terbium oxide are adjusted to approximately 452,000 yuan/ton, 547,000 yuan/ton, and 7,200 yuan/kg, respectively. On the bullish side, the slow release of…

Tungsten News
Tungsten Prices Slightly Weakened – June 25, 2025 73

Analysis of Latest Tungsten Market from Chinatungsten Online Tungsten prices fell slightly. There was a periodic price correction on the raw material side, but the consumption willingness on the demand side did not improve, and the macroeconomic situation was still uncertain. The overall transaction atmosphere in the tungsten industry was still not good, and trade was cautious. In the tungsten concentrate market, the supply support basis was still there, the demand side was relatively weak, the market was in a…

Tungsten News
Tungsten Market: Cost vs. Demand Tug-of-War 27

Analysis of Latest Tungsten Market from Chinatungsten Online The tungsten market is in a stalemate and under pressure. The current market characteristics are characterized by the dual weakness and mutual checks and balances of the supply and demand fundamentals. There is no significant easing on the supply side, while the demand side is sluggish, and market participants generally take a cautious wait-and-see attitude. The trading activity in the market is low, the price fluctuations of various tungsten products are limited,…

Tungsten News
Molybdenum Market – June 24, 2025 28

Molybdenum market update on June 24, 2025 The domestic molybdenum market as a whole showed a bearish operation trend. Under the interweaving of multiple long and short factors, the price game between buyers and sellers was fierce: the sellers’ sentiment of reluctant to sell and maintaining prices remained high, and the buyers’ willingness to press prices did not weaken. In this context, the growth rate of market orders tended to be gentle. In the molybdenum concentrate market, product prices showed…

Tungsten News
Rare Earth Prices – June 24, 2025 55

Rare earth market update on June 24, 2025 The domestic rare earth prices remained stable in parts with slight adjustments in some cases. Among them, the prices of praseodymium oxide, terbium oxide and holmium oxide were approximately 463,000 yuan/ton, 7,180 yuan/kg and 518,000 yuan/ton respectively. In terms of positive factors, first, affected by the limited incremental supply of some rare earth raw materials and the high prices of overseas rare earths, many holders have a strong willingness to hold up…

Tungsten News
China’s Tungsten Products Exports from January to May 2025 40

According to data compiled by Chinatungsten Online from the General Administration of Customs, from January to May 2025, China’s exports of tungsten products (excluding cemented carbide tools and tungsten halogen lamps) reached 5,995.50 tons, a year-on-year decrease of 24.36% compared to the same period in 2024. The export value was RMB 1.821 billion, reflecting a year-on-year decrease of 14.74%. During this period, China’s exports of specific tungsten products were as follows: Tungstic acid: 62.40 tons, a year-on-year increase of 1,460.00%;…

Tungsten News
China’s Tungsten Products Exports in May 2025 27

Domestic export control measures for dual-use items continue to impact tungsten product exports. From March to May, exports of ammonium paratungstate (APT) and tungsten trioxides were zero, with only 2 kilograms of other tungsten oxides & hydroxides, nes exported in April. Notably, carbides of tungsten exports showed signs of gradual recovery from April to May. According to data compiled by Chinatungsten Online from the General Administration of Customs, in May 2025, China’s exports tungsten products (excluding cemented carbide tools and…

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