Rare earth market quotation in China: terbium oxide, praseodymium oxide, neodymium oxide prices are in the upward trend on November 16, 2020 despite of slow inquiry but firm offers of raw material suppliers. 

77,000 tons of WO₃ compounds are predicted in Youmapo W-Mo deposit. The Natural Resources Department of Guangxi Zhuang Autonomous Region intends to transfer the mining right of the Youmapo W-Mo deposit in Bobai County. On June 30, 2020, the estimated value of the mining right transfer proceeds is RMB 170,514,100.

Molybdenum market quotation in China: the ferro molybdenum, molybdenum oxide and molybdenum powder prices rise slightly due to boosted market confidence. Sellers have strong rised mentality under good trading activity and insiders have good expectation for the outlook. 

The copper, tungsten, and rare earth industries in Jiangxi Province occupy the first positions in China. At the press conference on the economic operation of the province in the first three-quarters of the economic operation series of 2020, Fu Yuhui, director of the Non-ferrous Industry Division of the Provincial Department of Industry and Information Technology, introduced that the province’s Non-ferrous Industry is a pillar industry of the Province, the scale of the industry ranks first in the same industry in our country (the copper, tungsten, and rare earth industries occupy the first positions respectively).