Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the first trading week of 2022 began on Tuesday January 4 in the wake of an increase of new guide prices from association and listed tungsten companies for this month. 

At the beginning of the week, China’s domestic molybdenum market continued the steady and positive trend of last week. Under the influence of many uncertain factors, the consumer market gradually shifted from a buyer's market to a seller's market.

At the beginning of the week, China’s overall domestic rare earth market was still improving. Under the combined effect of the difficulty in increasing the supply of raw materials and the acceptable downstream demand, the seller's market has a greater advantage, which is mainly reflected in the rising prices of mainstream products and the considerable growth in orders. 

Rafaella Resources, a junior company listed on the Australian Stock Exchange, has reached an agreement with Spain's aloriza Minería S.L.U to acquire the San Finx tin/tungsten project. Under the terms of the agreement, the company, through its subsidiary Biscay Minerals, will acquire the project for 5 million euros, payable from production royalties only after the production and sale of 1,000 tons of metal.