As of the close on July 7, the Wind Tungsten Mine Index fell by 4.84%, following a 6.73% drop at the previous trading day's close.

On the news front, recently, tungsten concentrate prices have seen a pullback, with some companies lowering their long-term contract product quotes for the first half of July, now “halved” compared to this year’s highs. According to China Tungsten Online data, on July 7th, the price of 65% black tungsten concentrate stood at 455,000 yuan per standard ton, a drop of 56.7% from the peak and 1.1% down from the beginning of the year.