At the beginning of the week, Chinese domestic molybdenum prices maintained a narrow range, influenced by factors such as moderate enthusiasm from downstream users for inquiries and purchases, strong support from production costs, and a rebound in international molybdenum prices. Supplier quotations remained relatively stable. 

The overall situation in the rare earth market this week is relatively weak, influenced by various uncertainties. Prices of light and heavy rare earths show divergent trends. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are temporarily stable in early December 7, 2023. Recent performances from the mining end exhibit a resilient stance, but consumer demand remains weak. 

This week, the overall Chinese domestic molybdenum prices showed a pattern of initial increase followed by a decline.