Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum concentrate prices continues to rise on December 17, 2020 with the support of tight supply and relatively active trading activity. 

The Jiangxi Provincial Department of Natural Resources intends to transfer the mining rights of the Hongtao Tungsten Mine in Ganzhou with compensation. According to the relevant report, the estimated value of the transfer proceeds from the mining rights of the Hongtao Tungsten Mine is 4.5749 million yuan. It was higher than the benchmark price of the transfer income calculated based on the mining rights transfer income market in Jiangxi Province of 4.5434 million yuan.

Australia is committed to the development of critical minerals (CMs) such as rare earths. Australian Federal Resources Minister Keith Pitt reiterated that Australian aspirations to become a world leader in the exploration, extraction, production and processing of CMs.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices keep firm in the middle of December due to the tightening availability of raw materials and consumers restocking at the end of the year.