A Guangdong tungsten company lowered its long-term contract prices for the first half of July MoM.

[Tungsten Express] SMM July 13 News: The tungsten market mainly consolidated on a weak note, with spot market transactions significantly lower than online prices. Last Friday, a Guangdong enterprise sharply lowered its long-term contract prices, and the long-term contract price for 55% wolframite concentrates was set at 411,000 yuan, slightly higher than the spot order transaction price on that day. As of today, the spot wolframite concentrates market experienced some price collapse. Suppliers showed strong willingness to sell, and some traders entered the market to buy at low prices. Market transactions took place below the long-term contract price range, with some medium- to low-grade ore transactions at 380,000-390,000 yuan per standard tonne (65% WO3 basis). High-grade ore prices showed resistance to declines, with transaction prices concentrated around 390,000-410,000 yuan per standard tonne (65% WO3 basis).

【SMM Tungsten Express】Masan High-Tech Materials has signed a partnership with Korea's GB Innovation for tungsten concentrate processing. Masan will process and supply ammonium paratungstate products for the semiconductor industry to GB Innovation. The cooperation marks a direct connection between a Vietnamese company and Korea's high-tech industrial chain, carrying strategic significance amid the global semiconductor and rare metals supply chain restructuring.

【SMM Tungsten Express】Almonty Industries announced that its Sangdong tungsten mine processing plant in South Korea has commenced operations, converting ore into saleable tungsten concentrate. As of end-June, the company had stockpiled approximately 139,700 tonnes of ore at an average grade of 0.25% WO₃, representing an illustrative gross in-process value of approximately US$68 million at current tungsten prices. The milestone marks Sangdong's transition from development into revenue-generating operations.