Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the week ended on Friday, March 25, 2022 despite of deadlocked supply and demand in the market. 

At the beginning of the week, China’s domestic molybdenum market continued its stable operation as last week. Prices of ferro molybdenum, molybdenum oxide and powder maintain stability. 

At the beginning of the week, China’s praseodymium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline. Affected by weak downstream demand and insufficient support from favorable policies, suppliers are generally more willing to take the initiative to ship goods in order to obtain more orders. 

Kingfisher Mining Ltd (KFM) has discovered high-grade rare earths at its 100% owned Mick Well rare earth elements (REE) project on the Gascoyne property in Western Australia.