Tungsten News

Tungsten News
MOFCOM: Implementing Export Controls on Relevant Rare Earth Items from Overseas 594

MOFCOM Announcement No. 61 of 2025: Announcement of the Decision to Implement Export Controls on Relevant Rare Earth Items from Overseas [Issuing Unit] National Security and Control Bureau [Issuing Document Number] MOFCOM Announcement No. 61 of 2025 [Issuing Date] October 9, 2025 To safeguard national security and interests, in accordance with the Export Control Law of the People’s Republic of China, the Regulations of the People’s Republic of China on Export Control of Dual-Use Items, and other relevant laws and…

Tungsten News
Tungsten Market Maintains Stability – October 9, 2025 305

Analysis of Latest Tungsten Market from Chinatungsten Online On the first trading day after the National Day holiday, the tungsten market was dominated by cautious wait-and-see sentiment, with limited actual transactions. Tungsten product prices remained stable for the time being, with industry players awaiting guidance from a new round of long-term orders from large tungsten companies. The price of 65% wolframite concentrate was quoted at RMB 271,000/ton. Miners showed a strong desire to stabilize the market, but downstream demand remained…

Tungsten News
Molybdenum Market – October 9, 2025 145

Molybdenum market update on October 9, 2025 On the first trading day after the National Day holiday, domestic molybdenum prices overall continued the downward trend from before the holiday, mainly due to many downstream users not yet resuming normal procurement rhythms and insufficient confidence among suppliers in stabilizing prices. However, influenced by strong production cost support and limited spot market supply, the price decline remained modest. Today, the prices of molybdenum concentrate, ferromolybdenum, and ammonium heptamolybdate decreased by approximately 10…

Tungsten News
Rare Earth Market – October 9, 2025 203

Rare earth market update on October 9, 2025 The domestic rare earth market overall performed steadily on the first trading day after the National Day holiday, with traders primarily engaging in rigid transactions and insufficient market activity, leading to difficulties in updating product prices. Today, the prices of praseodymium-neodymium oxide, terbium oxide, and dysprosium-iron alloy were approximately 564,000 yuan per ton, 7,100,000 yuan per ton, and 1,570,000 yuan per ton, respectively. Notably, some industry insiders predict that rare earth prices…

Tungsten News
Work Plan for Stabilizing Growth in Non-Ferrous Metal Industry Involves Tungsten and Rare Earth Sectors 102

On September 28, 2025, the Ministry of Industry and Information Technology and eight other departments issued a notice on the “Work Plan for Stabilizing Growth in the Non-Ferrous Metal Industry (2025–2026)” (“Work Plan”). The plan proposes that from 2025 to 2026, the added value of the non-ferrous metal industry will grow by approximately 5% annually, maintaining a positive economic trend. The output of ten major non-ferrous metals will increase by about 1.5% annually, with active progress in domestic resource development…

Tungsten News
Bakuta Tungsten Mine 2027 Capacity to Reach 4.95 Million Tons 149

On the morning of August 28, 2025, Jiaxin International Resources Investment Co., Ltd. (Jiaxin International), with Jiangxi Copper Group as the main shareholder, officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) and the “Belt and Road” Board of the Astana International Exchange (AIX) simultaneously. This marks the world’s first project to list on both exchanges at the same time, the first HKEX-listed company primarily engaged in tungsten mining, and the first stock denominated in RMB…

Tungsten News
Taxation on Chinese Rare Earth Products? 93

According to a Reuters report on September 25, 2025, multiple informed sources revealed that Group of Seven (G7) member countries and the European Union are considering setting price floors for rare earths to promote production, and plan to introduce taxation on certain Chinese rare earth products to incentivize investment in the sector. The report states that, except for Japan, G7 member countries are heavily or completely dependent on China for a range of materials, including rare earth magnets and battery…

Tungsten News
Baotou City Rare Earth Industry Increased by 18% from January to August 2025 92

Recently, the Baotou Industry and Information Technology Bureau reported that from January to August 2025, the added value of industries above the designated size in Baotou increased by 10.4% year-on-year, surpassing the national average (6.2%) and the regional average (5.9%) by 4.2 and 4.5 percentage points, respectively, achieving double-digit growth for 60 consecutive months. Among these, the added value of Baotou’s rare earth industry increased by 18.8% year-on-year. By the three major sectors, the added value of mining increased by…

Tungsten News
Average Prices of Tungsten Products from January to September 2025 92

Average Prices of Tungsten Products from January to September 2025 65% Wolframite Concentrate: The average price was RMB 177,800/ton, a year-on-year increase of 31.53% from the average price from January to September 2024, and an 89.51% increase from the beginning of the year at the end of September. 65% Scheelite Concentrate: The average price was RMB 176,800/ton, a year-on-year increase of 31.86%, and a 90.14% increase from the beginning of the year at the end of September. Ammonium Paratungstate: The…

Tungsten News
Average Price of Tungsten Products in the Third Quarter of 2025 52

Average Price of Tungsten Products in the Third Quarter of 2025 65% Wolframite Concentrate: The average price was RMB 224,100/ton, a 40.32% increase from the second quarter and a 64.50% increase from the third quarter of 2023. 65% Scheelite Concentrate: The average price was RMB 223,100/ton, a 40.57% increase from the second quarter and a 64.98% increase from the third quarter of 2023. Ammonium Paratungstate: The average price was RMB 327,800/ton, a 39.77% increase from the previous quarter and a…

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