Analysis of latest tungsten market from Chinatungsten Online

A new round of guide pries for the second half of June were raised slightly by stated-own tungsten enterprises and associations in China, which shored up market confidence to some extent. 

China molybdenum price is in a high level on the whole in June, 2021. Although overseas molybdenum prices have fallen slightly, due to the increase in international molybdenum market transactions and active bidding for steel companies, holders still maintain strong quotations. 

Rare earth market quotation in China: lanthanum oxide and dysprosium oxide prices continue to decline while praseodymium oxide price remains unchanged on June 23, 2021. 

The White House released a report aiming to curb the United States' dependence on China's rare earths and chips, and plans to strengthen the country’s vital supply chains. According to a report released by the White House, the United States will cooperate with countries participating in the Quartet Security Dialogue and G7 countries (the United States, United Kingdom, France, Germany, Japan, Italy, and Canada) to resolve semiconductor and other issues.