Strong demand for applications, prices of various minor metals have climbed within the year.

Since 2026, the prices of various minor metals have been continuously rising. According to data from Shanghai Steel Union E-Commerce Co., Ltd., as of June 1st, the price of tantalum ingots has increased by 157.69% compared to the end of last year, the price of germanium ingots has increased by 83.82% compared to the end of last year, and the price of molybdenum iron has increased by 35.65% compared to the end of last year. Wu Zewei, a special research fellow at Su Shang Bank, stated in an interview with reporters that the prices of tantalum, germanium, and molybdenum, among other minor metals, have risen this year, with the core logic pointing to a dual resonance of supply constraints and expanding new demand.