Rare earth market quotation in China: domestic rare earth price keeps steady at the beginning of November when the market tends to be down. As downstream factories are cautious on purchasing, the whole market trading is thin; some of them even cut product profits, so market prices decline slightly. Listing prices of Southern Rare Earth drop, but with the support of costs of environmental protection, rare earth price would remain weak adjustment. 

Apollo Minerals Limited (ASX:AON) that is looking to capitalise on a resurgent tungsten price set out to restart the world’s highest grade tungsten mine.

The latest prices of sodium molybdate, ammonium tetramolybdate, ammonium heptamolybdate and molybdenum bar are unchanged from the previous trading day in Chinese market.

Analysis of latest tungsten market from ChinaTungsten Online

Prices in Chinese tungsten market continue to maintain stability at the end of October. Affected by China environmental checks, the operating rate in the whole industry chain is at a relatively low level and both supply and demand is weak. The difficulty in sales of smelting factories presses product offers down. Market trading now is thin and most insiders wait and see the new tungsten forecast prices from institutions and large tungsten enterprises.