[Sinolink AI Metals] Monthly Supply-Demand Update 0728: High Prosperity for Molybdenum and Tin, Significant Improvement in Rare Earth Supply-Demand

English summary

Rare earths: In June 2026, rare earth imports converted to PrNd were 1,856 tons, -3.4% YoY for the month, +5.3% cumulative YoY, with marginal slowdown; NdFeB exports were 5,649 tons, +77.2% YoY for the month, +41.1% cumulative YoY, with marginal acceleration. Tin: June apparent tin consumption was 17,064 tons, +24.7% YoY, +5.3% cumulative YoY, with obvious growth acceleration; estimated end-use tin consumption was 19,064 tons, +10.6% YoY, +9.8% cumulative YoY, with slight acceleration. Molybdenum: June apparent molybdenum consumption was 15,511 tons, +20.6% YoY, +16.6% cumulative YoY, with slight acceleration; estimated end-use molybdenum consumption was 15,580 tons, +3.9% YoY, +7.8% cumulative YoY, with marginal slowdown. Tungsten: June tungsten import metal volume was 1,761 tons, +41.2% YoY, +76.6% cumulative YoY; tungsten export metal volume was 1,061 tons, -4.3% YoY, -19.0% cumulative YoY, with narrowing decline.…