I. Analysis of the Molybdenum Price Trend in China in December 2023

According to the information obtained from Chinatungsten Online, the price trend of molybdenum products in China in December 2023 is similar to that of November, with fluctuations characterized by initial increases, followed by decreases, and subsequent rebounds. However, the magnitudes of the declines and increases are not uniform.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China continues to show stable trends as raw material suppliers quote prices at higher levels. However, downstream demand remains moderate, and the recent holiday atmosphere has further subdued market activities. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices remain in a horizontal consolidation phase as the year-end approaches. Industry participants are generally directing their attention inward, resulting in reduced external trading activities. 

Chinese rare earth prices are partially stable, with some experiencing slight increases. For instance, the prices of praseodymium-neodymium metal, gadolinium oxide, and praseodymium-neodymium oxide have each risen by around 4,000 yuan/ton, 1,000 yuan/ton, and 5,000 yuan/ton, respectively.