Tungsten News

Tungsten News
Northern Rare Earth Forecasts Over 20-Fold Profit Increase for First Half of 2025 13

On July 10, 2025, Northern Rare Earth released an announcement stating that the company expects to achieve a net profit attributable to shareholders of 900 million to 960 million yuan for the first half of 2025, an increase of 855 million to 915 million yuan compared to the same period last year, representing a year-on-year rise of 1882.54% to 2014.71%. It also anticipates a non-GAAP net profit of 880 million to 940 million yuan, an increase of 865 million to…

Tungsten News
Super-Large Lithium Deposit Discovered in Hunan, with Accompanying Strategic Minerals like Tungsten 8

On July 9, 2025, the Hunan Provincial Department of Natural Resources announced that through innovative geological exploration theories and prolonged efforts, a super-large altered granite-type lithium deposit was discovered in the Jijiaoshan mining area of Linwu County, Chenzhou City. The deposit contains 490 million tons of lithium ore and 1.31 million tons of lithium oxide resources. It also accompanies strategic minerals such as tungsten, rubidium, and tin, all of which are newly identified resources. Located in the Nanling low mountain…

Tungsten News
Baotou Rare Earth Prices Mostly Increased Month-on-Month in June 2025 9

According to the Baotou Industry and Information Technology Bureau, in June 2025, among the 36 key monitored industrial products, month-on-month data shows that prices of 24 products, including cerium oxide, rebar, polyethylene, and PVC, decreased; prices of 3 products, such as lanthanum oxide and lanthanum metal, remained stable; and prices of 9 products, including neodymium metal, A00 aluminum, and #1 copper, increased. Year-on-year, prices of 27 products, such as high wire, hot-rolled coil, and A00 aluminum, decreased, while prices of…

Tungsten News
Molybdenum Market – July 11, 2025 7

Molybdenum market update on July 11, 2025 This week, the domestic molybdenum market exhibited a pattern of a significant initial increase followed by stabilization. Early in the week, driven by high downstream inquiry and procurement activity, tight raw material spot supply, rising international molybdenum prices, and multiple countries strengthening key mineral reserves, suppliers raised quotes noticeably. The largest single-day increases were approximately 170 yuan/ton-degree for molybdenum concentrate and 10,000 yuan/ton for ferro-molybdenum. Toward the weekend, as supportive factors weakened and…

Tungsten News
Rare Earth Prices – July 11, 2025 7

Rare earth market update on July 11, 2025 This week, domestic rare earth prices exhibited an overall oscillating upward trend, driven by increased inquiry and procurement activity from magnetic material enterprises, limited growth in spot supply, strong support from production costs, and the continued strategic importance of rare earths at the national level. Additionally, the rise in Northern Rare Earth’s third-quarter rare earth concentrate transaction prices has further boosted market sentiment. However, due to limited follow-through from downstream demand, traders…

Tungsten News
Tungsten Prices Hit New Highs – July 11, 2025 10

I. Tungsten Price Trend: All-Round Rise Breaks Through Historical Highs This week, tungsten prices continued to rise strongly. After the long-term order prices of major tungsten companies were announced, the market’s bullish sentiment increased. The supply of raw materials continued to be tight, pushing the prices of major products to continuously refresh historical highs. Affected by this, downstream deep-processing tungsten products passively followed the rise. However, end users have limited acceptance of high prices. Except for a small amount of…

Tungsten News
Tungsten Dual Role: Reflections Under the Surge of New Energy Vehicles 16

According to data from the China Passenger Car Association (CPCA), in June 2025, production and retail sales of new energy vehicles (NEVs) surpassed the milestones of 1.20 million and 1.111 million units respectively, with impressive year-on-year growth rates of 28.3% and 29.7%. Performance for the entire first half of the year was even more robust, with cumulative production and sales reaching 6.457 million and 5.468 million units, up nearly 40% year-on-year. The NEV industry is reshaping the global automotive landscape…

Tungsten News
Impact of the PV Industry’s Anti-Involution on Tungsten Wire 19

As the global energy structure shifts toward low-carbon solutions, the photovoltaic (PV) industry, a cornerstone of clean energy, faces intense market competition and technological upgrade pressures. Recent fluctuations in silicon wafer prices, industry production cuts, and policy guidance have introduced new challenges and opportunities for the PV supply chain. Among these, tungsten wire, a key consumable in diamond wire cutting, has garnered significant attention due to its advantages in enabling thinner wires for silicon wafer cutting. According to data from…

Tungsten News
Tungsten Exploration Investment Increased by Over 50% 15

According to the Ministry of Natural Resources, in the first half of 2025, my country made major breakthroughs in prospecting for important minerals, and 38 new mineral deposits were discovered; non-oil and gas mineral exploration investment continued to grow, among which the investment in exploration of tungsten and other minerals increased by more than 50% year-on-year. Recently, the Office of the Strategic Action for a New Round of Mineral Exploration Breakthroughs of the Ministry of Natural Resources introduced: In the…

Tungsten News
Tungsten Market: High Prices, Low Demand, a Dilemma 27

Analysis of Latest Tungsten Market from Chinatungsten Online Tungsten prices are in a strong cycle, but the contradiction between market supply and demand has intensified, confidence in various links of the industrial chain is mixed, and the overall trading atmosphere tends to be cautious. The supply of tungsten concentrate market continues to be tight, and prices remain high. The price of 65% black tungsten concentrate has reached RMB 176,000/ton, with a cumulative increase of more than 23% this year. Low-priced…

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