Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten price remained stable during the holiday of National Day as the market was quiet. Affected by the policy of dual control of energy consumption, the output of factories reduced and thus manufacturers kept firm offers. 

China’s ferro molybdenum price edges lower while molybdenum concentrate and power prices are unchanged at the beginning of the week. In the case of the National Day holiday and the overhaul of some steel companies has ended, the activity of inquiries and purchases in the market has increased, so the mentality of shareholders has gradually improved.

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices show signs of rise at the beginning of the week. 

The Armenian government acquired a 25% stake in Zangezur Copper-Molybdenum Combine (ZCMC). Recently, a Russian company bought a majority stake in Armenia’s largest mining company and immediately gave part of the stake to the Armenian government.