Opening this week, tungsten market in China maintains the growth. Especially for ferrotungsten, cost pressures began to influence the market, constantly expanding the price, of which the price has reached RMB 135,000/ton and is gradually increasing to RMB 140,000/ton.

Tungsten concentrate market quotation: the latest price of tungsten concentrate, ammonium paratungstate and tungsten carbide powder remain high level.

Rare earth price in China is relatively stable. In July 31st evening, Northern Rare Earth said that the overall supply and demand situation has not fundamentally changed, despite the recent price  have increased in varying degrees, the demand rebounded modestly and the overall situation  has been improved.

Price of rare earth in China showed steady growth last week. Magnet material, still driven by the new energy automobile demand, shows well. This week's opening is at the end of the month, the market mentality is temporarily stable.