Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices have been declined for nearly one month, which raises sellers’ resistance psychology for low prices. Most purchasers try to force prices down while sellers are reluctant to sell at the level. Therefore, trading volumes are thin. Without supports from supply and capital sides, tungsten market is weak at present.

The latest prices of ferromolybdenum, ammonium heptamolvbdate and sodium molybdate go up slightly and molybdenum power, molybdenum bar prices maintain stability.

Rare earth market quotation in China: the latest price of neodymium oxide, dysprosium oxide and terbium oxide is unchanged from the previous trading day on deadlocked supply and demand, heavy wait-and-see atmosphere. Affected by environmental checks, raw material supply is tight while purchasers remain cautious on receiving orders. Market trading is thin again.

IFG Capital Partners and the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources have signed an agreement to undertake a feasibility study on the development of the Yakhton tungsten deposit in Uzbekistan.