Largo Evaluates Strategic Alternatives for Tungsten Projects in Canada and Brazil

In June, global scrap tungsten markets diverged. India followed China's tungsten price rally, with active trading and higher prices in mid-June before cooling as China softened. Europe saw low-level consolidation due to high speculative inventories, but prices began to edge up in late June as stocks cleared. China's tungsten market experienced a sharp rebound followed by a pullback, and is expected to consolidate in the near term, while medium-to-long-term fundamentals remain solid.

[Tungsten Flash] On June 24, Tieshanlong Tungsten Company convened relevant personnel from related departments, the construction unit, and the supervision unit to hold a coordination meeting for the first phase of the 396,000 mt expansion project in the Shangping mine area. The meeting conducted in-depth discussions on various preparatory work before construction, with a focus on coordinating key aspects such as construction unit filing, construction drawing delivery, equipment mobilization, and personnel training. Going forward, the company will strictly follow the meeting’s arrangements, coordinate and cooperate with all parties to advance each task according to the scheduled periods, and strive to start project construction as soon as possible.

[Molybdenum Flash] SMM July 2: According to SMM data, China's total ferromolybdenum tender volume for steelmaking in H1 2026 was approximately 81,800 mt (including long-term contracts), up approximately 7.3% YoY.