Tungsten producer Group 6 Metals (ASX: G6M) is reopening its Dolphin tungsten mine at King Island off Tasmania and hopes to start producing concentrate early next year as planned.

China’s domestic rare earth prices were partially stable, with some minor adjustments in the second half of April, 2022. Affected by the bullish and bearish factors, traders entered the market with low sentiment, resulting in slow growth of market orders and lack of motivation to increase transaction prices. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market are weak on April 26, 2022. On the one hand, the market supply and demand fundamentals are weak as the epidemic has affected the raw material consumption at the cemented carbide end to a certain extent. Buyers are not willing to take the initiative to receive goods and constrained logistics capacity further affects the market's trading activity.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are weak on April 27, 2022 as the liquidity is slow and traders are not high in trading.