Analysis of latest tungsten market from Chinatungsten Online

In the first week of 2024, the overall Chinese tungsten prices remained stable, with subdued market sentiment. Operators showed little activity, and suppliers were reluctant to lower prices on the raw material side.

At the beginning of the week, the overall situation in the domestic molybdenum market remained positive. 

At the beginning of the week, prices of mainstream light and heavy rare earths in China continued to decline. The price of neodymium oxide decreased by approximately 5,000 yuan per ton, the price of gadolinium oxide decreased by approximately 2,000 yuan per ton, and the price of dysprosium oxide decreased by approximately 50,000 yuan per ton. 

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