July 24 British "Jane's Defense Weekly" website reported that, compared to the Chinese army land, sea and air armed forces of various types of rocket missiles, all types of ammunition include tungsten alloy, high explosive shells, and other special tungsten alloy ammunition are strong independent production, yield and varieties are available.

Rare earth price in China continues to adjust slightly amid the price of praseodymium oxide and neodymia declines. Downstream purchasers have adequate stocks of NdFeB. 

Analysis of latest tungsten market in China from Chinatungsten Online: “Confidence is worth more than gold” is applicable to the tungsten market, particularly when there is no hedging in the market. In the long-term, supply and demand determine tungsten price, confidence in the short-term. When tungsten price rises, market confidence will grow, which boosts price at high speed. On the contrary, prices will decline when customers are depressed.

Molybdenum market in China remains steady as there are no favorable factors in the fundamentals. The latest price of molybdenum concentrate, ferromolybdenum and ammonium tetramolybdate is unchanged from the previous trading day.