The latest analysis of tungsten market in China from ChinaTungsten Online: tight supply becomes the most factors in the price hike of tungsten concentrate, and the rally continues to drive tungsten price. 

The latest price of molybdenum concentrate and ammonium tetramolate slightly recovers and ammonium tetramolate price is unchanged from previous session. After more than a week’s adjustment, the market mentality becomes better, trading volume improves and price sees a steady recovery. The movement in the demand side needs to be followed. 

Price of molybdenum products on Aug. 31, 2017

Picture of molybdenum bar

Rare earth price in China remains stable today. With the relevant departments involved to control the rally in previous prices, some small businesses or traders declined their supply, thus recent rare earth price has a callback. Most market participants still believe that the supply of rare earth would be tight overall.

Peninsula Mines (ASX: PSM) has divested one of its assets in South Korea, the Daewha molybdenum-tungsten project. The sale will generate proceeds of nearly $700,000.