China molybdenum prices maintain stability at the beginning of the week considering the limited consumption in the terminal side and sight supply in the raw material markets. Now the market remains quiet as downstream buyers have finished their replenishment previously. Moreover, with the approaching of Chinese Spring Festival, most market participants will be off duty. Therefore, the market is expected to stabilize before the holiday.  

Peruvian Energy and Mining Minister Juan Carlos Liu said last Thursday that he was confident Peru would formulate regulation for lithium mining in the coming year, according to Reuters news.

Australian fires may curb the output of coal, rare earth ore, bauxite, etc., as the chain reaction of its result. The momentum of the Australian forest fire has not weakened for several months, causing extensive damage to the local ecological environment, ecosystems, and wildlife. The industry is concerned that the adverse effects of the fire may be extended to the economic sector, triggering a chain reaction.

Analysis of latest tungsten market from Chinatungsten Online

The average price in 2019 for ammonium paratungstate (APT) duty unpaid Rotterdam and the Chinese APT export prices dropped by more than 28pc from 2018, according to Argus data.