Chongyi Tungsten Enterprise Lowers Long-Term Contract Prices for Late July

Zangezur Copper Molybdenum Combine (ZCMC) reported 2025 molybdenum concentrate output of 15,548 wet tonnes (13,389.68 dry tonnes), down 13.7% from 18,014 wet tonnes (15,507.08 dry tonnes) in 2024. Sales fell 15.5% to 15,614 wet tonnes. Meanwhile, dry ore treated rose 1.5% to 22.67 million tonnes, with ZCMC linking the lower molybdenum output to ore characteristics. The company produced no ferromolybdenum or roasted molybdenum concentrate in 2025, compared with 273 tonnes and 547 tonnes, respectively, in 2024. The concentrate figures represent physical product weight, not contained molybdenum.

SMM, 20 Sep: A tungsten enterprise in Chongyi released its long-term purchasing quotes for the second half of September: 1. 55% Wolframite Concentrate: CNY 400,000 per standard ton 2. 55% Scheelite Concentrate: CNY 399,000 per standard ton The long-term mine price was cut by CNY 13,000 per standard ton compared with the first half of the month. 3.Ammonium Paratungstate (APT, National Standard Grade Zero): CNY 580,000 per ton. The long-term APT price was reduced by CNY 20,000 per ton month-on-month (vs first half). Note: All prices are inclusive of 13% VAT.

SMM, September 20 – According to customs data, China’s export volume of tungsten carbide in August 2026 stood at approximately 303.4 metric tons, up 178.3% month-on-month while falling roughly 15.2% year-on-year. The total export value of tungsten carbide in August reached USD 60.285 million, rising 192.3% month-on-month. Major export destinations for tungsten carbide in August were South Korea (64%), Japan (14%), Germany (10%) and France (10%).