China Tungsten High-Tech Forecasts Strong Q1-Q3 2026 Profit, Despite Q3 Challenges

SMM, Oct 15: Xinyu Iron & Steel in Jiangxi has launched ferromolybdenum tender for 33 mt. Bidding closes at 15:20 on Oct 15; delivery due on Oct 28. Result pending. Wuhu Xinxing Ductile Iron Pipes launches ferromolybdenum tender for 30 mt. Bidding closes at 11:30 on Oct 16; delivery due on Oct 28. Result pending. Pangang Group Xichang Steel & Vanadium launches ferromolybdenum tender for 66 mt. Negotiation starts at 09:30 on Oct 21; delivery due on Nov 30. Result pending.

Idaho Copper Corporation’s updated preliminary economic assessment for its wholly owned CuMo copper-molybdenum-silver project estimates average annual contained-molybdenum production of 30.5 million pounds (about 13,835 metric tonnes) during the first 21 years of a 46-year mine life. Life-of-mine payable molybdenum is estimated at 906 million pounds (about 410,955 metric tonnes). Initial capital is US$1.169 billion, followed by US$658 million of expansion capital in year five. The company targets completion of a pre-feasibility study in 2028 and has not made a construction decision; the project is not current or near-term supply.

Erdene Resource Development Corporation’s preliminary economic assessment for its wholly owned Zuun Mod molybdenum-copper project in Mongolia outlines a 25-million-metric-tonne-per-year open-pit operation. Average annual recovered molybdenum is estimated at 19.8 million pounds (about 8,981 metric tonnes) over 34 years, with total recovered molybdenum of 672.1 million pounds (304,900 metric tonnes). Pre-production capital is US$687 million. At US$25 per pound molybdenum and US$5 per pound copper, after-tax net present value is US$745 million and internal rate of return is 16.1%. About 74% of planned mill feed is inferred resource; this is not current supply.