Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, October 29, 2021 as the market was still in a stalemate. With the country taking action to ensure energy supply and price stability, expectations that the prices of raw and auxiliary materials will fall and stabilize in the market outlook increase, and the tungsten market will gradually return to its normal trend. 

China’s domestic molybdenum market was weak at the beginning of the week affected by the low buying appetite of consumers as well as heavy wait-and-see atmosphere in the market. 

China’s domestic rare earth market generally showed a trend of rise in the second half of October. Under the background of the sharp increase last month, the wait-and-see sentiment of downstream magnetic materials companies has increased significantly, so the growth of orders has been slow. 

Flynn Gold Ltd will pursue a systematic exploration strategy to continue geological mapping, soil sampling, cost analysis and possible reconnaissance drilling of the tin-tungsten potential of the Cameron Project.