At the beginning of the week, China’s domestic rare earth prices fluctuated in a narrow range as a whole. Under the influence of many uncertain factors, the market trend of light and heavy rare earths was slightly different, that is, the light rare earth market was stable and relatively strong, while the heavy rare earth market was operating flat. 

Analysis of latest tungsten market from Chinatungsten Online

China's ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day. although raw material suppliers try to bottom out, downstream end users keep cautious sentiment and thus the whole market activity is low. 

China molybdenum market keeps strong on November 28, 2022. Under the joint influence of the low stock of molybdenum concentrates, the number of bids for steel companies and the rise in prices, the quotations of molybdenum mining companies have increased significantly. 

This week, China rare earth market remained stable overall. At the beginning of the week, due to the slight increase in the enthusiasm of downstream users for inquiries and purchases, the prices of mainstream light and heavy rare earth raw materials rose. However, due to the limited increase in downstream demand near the weekend, the price increase of rare earths was obviously weak.