A Guangdong Mine’s Tungsten Concentrate Auction Transaction Price Center Shifts Upward

European APT prices remain stuck near $3,000/mtu, with the domestic-overseas spread widening to about $2,000/mtu. The core bottleneck lies in limited APT smelting capacity and scarce spot liquidity, as rising mine output has yet to translate into available APT supply. In China, APT prices softened to RMB 590,000–600,000/mt amid weak supply and demand.

[W Quick News] SMM, September 4: A mine in Yunnan auctioned 60 mt of scheelite concentrates with a grade of 50% on September 3, with a final transaction price of 6,240 yuan/mtu, equivalent to 405,600 yuan/standard tonne (65% WO3 basis).

Chile's central bank reported on September 1 that the July Imacec economic activity index fell 1.5% year-on-year on an unadjusted basis. On a seasonally adjusted basis, the index fell 2.1% year-on-year and 1.7% month-on-month, marking the steepest monthly decline since 2022. The bank attributed the drop mainly to mining, which fell a significant 9.3%, primarily due to weather conditions, followed by lower ore grades and equipment maintenance that disrupted normal production operations. Many of the affected mines are copper-molybdenum associated deposits. Since molybdenum concentrate is recovered as a byproduct of the flotation process used to treat copper sulfide ore, the disruption to processing plants also curtailed molybdenum output.