August 11-15, 2025 This week, the average cost of ferromolybdenum industry was 279,247 yuan/mt, and the average profit of the industry was -947 yuan/mt...

[SMM Tungsten Daily Review: Tungsten Concentrate Supply Increase Challenging, Tungsten Market Consolidates at High Levels Supported by Cost Side in Short Term] This week, the tungsten market maintained a high-level consolidation. The circulation of tungsten concentrate in the market was tight. Major mines in Jiangxi Province mostly shipped under long-term contracts. Mines in southern and south-west China experienced a seasonal decline in mining activities due to weather impacts, and suppliers offered firm quotes. Ammonium paratungstate (APT) enterprises negotiated prices on a case-by-case basis, with spot orders being scarce and market volume significantly reduced. During the week, major domestic tungsten enterprises successively released long-term contract information, showing a significant increase in long-term contract prices compared to July, boosting market confidence. Downstream cemented carbide enterprises followed the price increase passively, but the increase was limited.

In July, the global tungsten market saw another rally, with domestic and international tungsten prices hitting new highs. Among them, tungsten concentrate prices rose by 11.2% in July, ammonium paratungstate (APT) by 13.7%, tungsten carbide powder by 13.3%, tungsten powder by 13.8%, and ferrotungsten by 13.6%. In Europe, sodium paratungstate closed at $460-490 per ton-unit at the end of July, up 2.7% month-on-month. European ferrotungsten closed at $55-59.6 per kilogram of tungsten at the end of July, a 10.7% increase from the start of the month.

Nickel Ore Prices Fluctuates This Week, No Market for NPI?

[SMM Molybdenum Daily Review: Impact of Joint Statement by Steel Enterprises, Wait-and-See Sentiment Strong in Molybdenum Market with Sluggish Transactions] SMM News on July 31: The molybdenum market remained in a stalemate today. On July 29, three domestic steel enterprises jointly issued a statement to suspend the procurement of ferromolybdenum. The market was filled with a strong wait-and-see sentiment, and the bidding process for steel enterprises was fierce. Ferromolybdenum suppliers maintained a cautious mindset and were eager to sell. Demand for molybdenum chemicals and other sectors was sluggish, and prices remained stable compared to the previous trading day, with attention focused on the auction results of Yunnan molybdenum mines tomorrow.

Nickel Ore Prices Slightly Decline, Time for Turning Point of NPI?