Rare earth prices maintained stability in China. The application of rare earth permanent magnet in the new energy vehicles and other areas performs well currently. Rare earth permanent magnet production enterprises generally increased by 10%-30% in the first half of this year.

Pine Creek Tungsten Mine locates on the south of Nevada mountain in California, 18 miles northwest from bishop town, altitude is 3300m, is a tungsten mine with centurial history.

During 1936~1953, total output of tungsten in Pine Creek Tungsten Mine is 7613ton. In 1979, Pine Creek Tungsten Mine starts underground exploration, annual output is 2000ton. And keeps being the biggest tungsten producer in America.

The prices of mainstream tungsten products continued to sustaining steady growth yesterday in China, and the volume is small. In the short term, tungsten concentrate’s tight supply is not easy to improve.