Recently, China merged its mining assets to create a rare earth mining giant. Earlier this year, foreign media reported that the Chinese government would issue a ban on rare earth exports. At this stage, the country appears to be tightening state controls on rare earth production.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price tended to stabilize after a slight increase in early the week began on Monday Dec. 6, 2021. With the impact of negative bid prices released by state-owned tungsten companies, participants became cautious. 

According to the Global Times, rare earth exports from Myanmar to China resumed after the reopening of the China-Myanmar border crossing at the end of November, which analysts say may ease the price of rare earths, although in the long run the price may rise due to Chinese focus on carbon emissions reduction.

At the beginning of the week, China’s overall domestic rare earth market has not changed significantly. Under the situation that the supply of raw materials is increasing at a moderate rate, the new energy market is developing well and there are more favorable policies, the holders are firm and have a strong sense of quotation, and they are unwilling to sell at a profit.