At the beginning of the week, China rare earth market generally maintained a stable operation. With the rare earth raw material spot inventory not much and the downstream demand not improving significantly, the negotiation atmosphere between buyers and sellers was slightly deadlocked.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and tungsten bar prices are unchanged from the previous trading day with the impact of the anxiety of COVID-19. Most market participants keep cautious, waiting for the new guide prices from listed tungsten companies. 

At the beginning of the week, the domestic molybdenum market as a whole continued the rised trend last week. Before the Spring Festival holiday, downstream users generally had a high willingness to receive goods. 

Rare earth market quotation in China: terbium oxide price declines slightly while praseodymium neodymium oxide and metal prices edge higher on January 6, 2023.