According to foreign media reports, a large tungsten mine in the United States will be mined by the end of the year, which is the first time since 1995 that the Songxi tungsten mine closed 22, the United States re mining large tungsten ore. Does it mean that the strategic resources protection policy of the United States has changed?

Rare earth market quotation: Chinese rare earth price continues to be weak. It is understood that the State Reserve Bureau has started preliminary works of purchasing and storage recently, and domestic six rare earth groups is preparing goods that need to be handed in. The movement is expected to be finished in December. With the support of good expectation of purchasing and storage, rare earth price may stabilize but the market will face pressure from unbalanced supply and demand.

Analysis of latest tungsten market in China from Chinatungsten Online: Market confidence is boosted by the rise in guide prices released by large enterprise on Monday, and domestic mainstream tungsten product prices continue to keep upward trend. However, tight supply of raw materials and weak demand still trouble market participants. As a result, tungsten market is in a stalemate on the whole and actual trading remains low.

Molybdenum market quotation: the latest price of ammonium tetramolybdate, molybdenum oxide and ferro molybdenum is unchanged from the previous trading day. In the molybdenum market in China, demand and supply refuse to budge while the mentality of businessmen shows some optimism.