At the beginning of the week, the domestic rare earth market performed poorly, mainly due to the persistent issue of strong supply and weak demand. The prices of praseodymium-neodymium metal, terbium oxide, and holmium oxide remained stable at approximately 494,000 CNY/ton, 5,800 CNY/kg, and 415,000 CNY/ton, respectively.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market remains primarily stable as the Chinese New Year approaches. 

At the beginning of the week, the domestic molybdenum market remained in a stalemate, with traders showing moderate enthusiasm for market operations and negotiations being somewhat active, resulting in a slow increase in orders.

This week, the domestic rare earth market exhibited a trend of initial decline followed by a rebound.