News

Advanced Technology & Materials Co., Ltd. stated on an interactive platform that the company's tungsten-molybdenum thermal field products and molybdenum targets for displays have achieved large-scale stable supply, and relevant batch orders are being continuously obtained.

[SMM Tungsten Express] Japan's response to China's tungsten export controls demonstrates that supply chain restructuring can effectively hedge geopolitical risks. After China imposed tungsten export controls in February 2025, Japan quickly pivoted to tungsten scrap from the US, Singapore and Europe, with US scrap exports to Japan surging 24-fold in Q1 2026. Major producers have initiated expansion plans: Mitsubishi Materials invested ~$64 million to expand recycling capacity in Japan and Europe, while Sumitomo Electric invested $100 million in a new plant expected to boost tungsten supply capacity by ~50% by 2028. The Japanese government is advancing public-private supply chain reform through its Economic Security Promotion Act and JOGMEC. This case underscores that critical minerals dependence is not merely a commercial issue but a strategic risk, accelerating efforts to build resilient supply chains.

【SMM Tungsten Express】Makenita Resources has expanded its Sisson West tungsten project land package in New Brunswick, Canada, from 9,845 acres to 22,665 acres, more than doubling the area. The project directly borders Northcliff Resources' Sisson tungsten mine, recently named by Prime Minister Carney as a "nation-building" project. The company is formulating a drill program for the property.

[Tungsten Express] SMM July 30: In H1 2026, the import value of cemented carbide inserts (2.351 billion yuan) was 1.43 times that of the export value (1.64 billion yuan). The export value of coated cemented carbide inserts was up 23.88% YoY, while the import value was up 31.94% YoY; exports of coated cemented carbide inserts stood at 670 mt, down 15% YoY, with the unit price up 46.09% YoY. The export value of non-coated cemented carbide inserts was up 36.03% YoY, and the import value was up 31.37% YoY; exports of non-coated cemented carbide inserts were 814 mt, down 15% YoY, with the unit price up 59.55% YoY.

[Mo Express] SMM July 29: A steel mill in Shanxi had a FeMo tender price of 331,000 yuan/mt (acceptance) on July 28. A steel mill in Jiangsu set a FeMo tender price of 334,500 yuan/mt, acceptance, on July 29.

[SMM Tungsten Express] Koba Resources reported high-grade rock chip sample results from its Mt Garnet tin-tungsten project in Queensland, including assays of 13.20% W, 5.40% W and 5% W, with tin grades up to 7.70% and 6.00%. The company has prioritized six prospects for follow-up, with soil sampling, mapping and further rock-chip sampling planned for August to define mineralized trends and advance targets toward drilling.

[SMM Tungsten Express] Viscount Mining has initiated a systematic tungsten evaluation program at its Cherry Creek project in Nevada. The district has a tungsten mining history spanning over a century and was a key strategic mineral producer during World War II, with the Ticup Mine being a past-producing asset wholly owned by Viscount. An estimated over 30,000 short tons of tungsten were produced from the Cherry Creek district through 1958. The company has compiled a geochemical database of over 5,000 rock and soil samples to advance the project toward drill-ready targets.

[Tungsten Flash] SMM July 20 news: According to customs data, China's tungsten concentrates imports in June 2026 rose 56.6% MoM and 49.9% YoY to 3,227 mt, a record monthly high. The main sources of imports in June were Kazakhstan, Myanmar, North Korea and other countries/regions.

[Tungsten Express] SMM July 20 News: A tungsten enterprise in Chongyi released long-term contract prices for the second half of July. The long-term contract price for 55% wolframite concentrates was executed at 411,000 yuan per standard tonne (65% WO3 basis), and for 55% scheelite concentrates at 410,000 yuan per standard tonne. The ore-side long-term contract price was reduced by 37,000 yuan per standard tonne compared with the first half of July. The long-term contract price for APT (national standard, zero-grade) was executed at 605,000 yuan per mt, down 55,000 yuan per mt from the first half of July.

[SMM Tungsten Express] European APT market offers held steady in the $2,900-3,250/mtu range this week, with overall trading remaining light. Market participation was limited due to the summer holiday season, with both buyers and sellers inactive. Mine supply has increased somewhat, weighing on price expectations, though this has yet to be fully reflected in spot transactions. Some traders noted that APT offers near $3,200/mtu appear inflated, with actual deals difficult to achieve, resulting in a market with prices but no buyers. Scrap prices also came under pressure, with European producers accelerating their shift toward recycled scrap material, further weakening demand for primary APT. The market is expected to remain weak and range-bound in the near term, with attention on Chinese price trends and demand recovery post-summer.

[SMM Tungsten Express] Spartan Metals has confirmed eight tungsten-silver veins at the Tungstonia claims of its Eagle Project in Nevada, with a cumulative exposed surface strike length of approximately 6.8 kilometers—13 times larger than the known footprint at acquisition. Vein 4 has been extended to 1.1 km, and the newly discovered Spartan C vein is approximately 700 m long. Rock samples returned up to 5.18% WO₃. The company plans to begin approximately 3,000 meters of diamond core drilling in mid-August, with approximately 50% of the claim block still unexplored.

[SMM Tungsten Express] Tungsten West confirmed that phased commissioning of the Hemerdon tungsten-tin mine in the UK will begin later this month, with fines gravity and downstream processing starting in Q3, coarse gravity in Q4, and full commissioning targeted for Q1 2027. The company has recruited over 100 employees, with its workforce expected to grow to around 350 by early 2027. The project remains on track and within budget, though financial constraints persist with ongoing losses, negative cash flow and negative shareholders' equity.

[SMM Tungsten Express] Almonty Industries announced that its long-term offtake agreement with Global Tungsten & Powders (GTP) for tungsten concentrate from the Sangdong mine has been extended by six years, from 15 to 21 years. The total contract volume has increased by 40% to 4.41 million metric tonne units (approximately 3,230 standard tonnes). The minimum annual offtake is 210,000 MTU. The agreement covers approximately 90% of Phase I production, with improved pricing expected to increase revenue per MTU by 6.3%. GTP is a key supplier of tungsten powders to U.S. defense and industrial supply chains.

[Molybdenum Flash] SMM July 16: Due to the recent continuous price increase of ferromolybdenum, combined with the current die steel production cost situation, and in order to ensure stable supply, Jiangsu Tiangong Aihe plans to raise prices for contract orders (including spot cargo) received from 00:00 on July 20, 2026, by 800 yuan/mt for each 1% Mo content in the steel grade, based on the June 30 price.