Molybdenum market quotation: the latest price of sodium methoxide, molybdenum powder and molybdenum bar stabilizes while molybdenum oxide price edges higher. With the coming of New Year, some traders in the market are staring to stop transactions, and then trading volume reduces accordingly. Spot goods in most mines are rare, and downstream buyers have not high enthusiasm in purchasing. As a result, molybdenum raw material market refuses to budge. But insiders are optimistic about the price.

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market keeps stable. Considering the pressure from funds and demand at the year-end, low production rate of mines, as well as the poor trading volume, tungsten enterprises in the market is caught in heavy wait-and-see atmosphere.

Tungsten is an important strategic resource, which is widely used in modern manufacturing and military industry. With the development of China's economy, there will be more and more demand for tungsten and rare earth in China's manufacturing and military industry in the future. Fuel oil may be replaced by new energy.

Rare earth market quotation: Chinese rare earth price takes a small step back due to the tension condition between supply and demand. Price of praseodymium and neodymium metal has declined 43 percent since the third quarter.