The domestic Chinese rare earth market is experiencing a downward trend:

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices showed a sideways trend on Monday, supported by strong supply from the mining side. However, weak demand feedback from the alloy sector created divergent views on the future market direction. Market participants adopted a cautious approach, with both buyers and sellers holding back, resulting in generally modest transaction activity.

The domestic Chinese molybdenum market continues to operate in a weakly stable state. With supply and demand relatively balanced, buyers and sellers exhibit low consistency in negotiations, leading to a strong wait-and-see atmosphere and limited room for price adjustments.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price has slightly decreased in the week ended on Friday, December 6, 2024, mainly due to weak demand and a market atmosphere focused on profit-taking. However, the supply side continues to provide firm support for the market, with limited room for price reductions and fewer low-priced resources available.