Rare earth products price in China remains high level, but there is still upside for market. This year, the effect of cracking down on illegal activity in rare earth market is apparent.

Rare earth price sustains steady growth, and praseodymium neodymium varieties maintain a strong momentum. Downstream demand of strong magnetic materials is strong.

Since August, price of tungsten products in China remains high level. Support of supply side remains strong and demand remains relatively weak.

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.