Mitsubishi Materials invested 50 million euros to expand production of H.C. Starck tungsten recycling.

[Tungsten Express] The second meeting of the eighth Executive Council (Presidium) of the China Tungsten Industry Association was held in Zhuzhou, Hunan on July 31, 2026. The meeting focused on exchanging and discussing the industry's operating situation, and participants provided opinions and suggestions on the association's work. The meeting required vice presidents and presidium units to continuously enhance their political stance, strengthen confidence in the industry's development, give full play to the exemplary and leading role of key enterprises; firmly establish correct development and performance concepts, take the lead in implementing industry self-discipline, resolutely curb "involution-style" vicious competition, make every effort to stabilize operations, markets, and expectations, and continuously foster a healthy and orderly industry ecosystem. The meeting also called for attaching great importance to and vigorously advancing the formulation and implementation of the "15th Five-Year Plan" for China's tungsten industry, and jointly promoting the high-quality development of China's tungsten industry. Participants also carried out in-depth exchanges and discussions on matters related to the listing of tungsten futures.

[Molybdenum Flash] SMM, August 3: A northern steel mill's ferro-molybdenum tender price was 334,700 yuan/mt (acceptance), with a quantity of 290 mt.

[Molybdenum Express] SMM August 3 News: The ferromolybdenum tender price of a Shanxi steel mill on August 1 was 334,000 yuan/mt (acceptance). Pangang Group's ferromolybdenum tender for August started, with a total quantity of 222 mt, allocated to Xichang Steel Vanadium (132 mt, delivery date September 30) and Jiangyou Great Wall Special Steel (90 mt, delivery date September 15), and the bid opening starts on August 5.