At the beginning of the week, China molybdenum price showed a pattern of bottoming out and rebounding, mainly due to the increasing enthusiasm of downstream users for inquiries and purchases. 

China rare earth market was mixed in the week ended on Friday, May 12, 2023. Under the interweaving of negative and positive factors, the price trends of light rare earth, heavy rare earth and their permanent magnet materials have some divergences, that is, the market of praseodymium and neodymium rises first and then stabilizes, and the market of dysprosium and terbium goes up and down while the NdFeB blank market maintained stable operation.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten market keeps quiet on May 11, 2023 as the demand side does not become active and most raw material suppliers consider profit-taking. 

China molybdenum price showed a downward trend as a whole in the week ended on Friday, May 12, 2023, mainly due to the strong sentiment of buyers to suppress prices, the strong awareness of many suppliers to take profits, and the limited driving ability of the international molybdenum market.