Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten market is experiencing a tight supply of concentrate and ammonium paratungstate (APT), pushing prices for both products upward and leading some participants to expect the market to begin a new uptrend.

China’s domestic molybdenum price as a whole saw a slight decline from a high level in the week ended on Friday, July 02, 2021. The quiet operation of overseas molybdenum markets and the steel tender market was the main reason that led to low investor enthusiasm for trading and blocked high-level transactions. 

China rare earth price has shown a slight rebound in the week ended on Friday, July 02, 2021 due to tight supply and a slight recovery in demand. 

Recently, China Northern Rare Earth Group High-Tech Co., Ltd issued an announcement that the company plans to invest 94.53 million yuan with its funds to build the North Rare Earth national rare earth material base.