Rare earth market in China is caught in heavy wait-and-see atmosphere. During the holidays, China Rare Earth director Jiang Quanlong's claim has been revoked, but the company’s stock still fell by 3.175% in the golden week. In the first day after the holidays, market participants maintain cautious, waiting for the move to stop production proposed by the Southern Rare Earth Alliance.

Analysis of latest Chinese tungsten market from Chinatungsten Online: Tungsten market in September moves forward tiredly as the price has not picked up as expected. 

Molybdenum price in China remains weak adjustment as the enchanting smell of the holidays is still encompassing the market. The latest price of molybdenum concentrates and molybdenum oxide edges lower and sodium molybdate price remains stable.

Before the holiday, Chinese rare earth market is caught in heavy wait-and-see atmosphere amid less trading volume and stable price. A rare earth corporation in Guangdong announced on Sep. 26 that it will stop production to undergo repair for one month.