Tungsten carbide powder market is expected to achieve a CAGR of 5.5% rise by 2024, from 14.5 billion valued in 2015 to 24.5 billion dollar. The expectation is depending on the increasing product demand in transportation, mining & construction and industrial engineering sector and increasing government investments to upgrade their public infrastructure, particularly in the BRICS nations. 

Rare earth market quotation in China: domestic rare earth price will continue to maintain stability before the Chinese Spring Festival amid the latest price of praseodymium oxide, terbium oxide and praseodymium neodymium metal is unchanged from the previous trading day, with thin market trading.

Tungsten market quotation in China: the new guide prices from larger tungsten enterprises were released last week, which showed relatively positive signals, and thus market confidence is supported. But with the coming of Chinese new year, more and more trading companies are gradually closed. The thin tungsten market will press tungsten price in the short term.

Molybdenum market quotation in China: the latest price of ferro molybdenum, molybdenum powder and molybdenum oxide is unchanged from the previous trading day. The market now is basically closed with the coming of Chinese Spring Festival, and thus the transactions are reducing. Some molybdenum enterprises get some orders besides China, but the quantity of export may be small.