Jiangxi province has achieved breakthroughs in the areas such as development and application of high-performance rare earth and lithium-ion battery preparation and set a prize of 12 million yuan for rewarding technology heroes in core technologies.

China rare earth prices were in the downward trend in the week end on Friday October 11, 2019 mainly because of low trading activity and cautious sentiment of insiders. For light rare earth market, the supply increased after the return of the National Day holiday, but downstream buyers still has not high willingness in taking orders. The rise in listed prices of Northern Rare Earth boosted market confidence greatly. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and cesium tungsten bronze prices in China continue to be in the upward trend because the rise in new guide prices from institutions and listed tungsten companies boosts market confidence. Sellers are generally reluctant to sell for higher prices. With the increase in profit margin and production resumed of mining enterprises, the spot resources increase, but actual deals still are limited due to weak demand.

Molybdenum market quotation in China: ferro molybdenum price stabilized while prices of molybdenum concentrate, sodium molybdate  and ammonium molybdate edged lower in the week ended on Friday October 11, 2019. Molybdenum raw material prices were weak as terminal users has limited consumption for them. Some of mining enterprises took the initiative to sell products, so the whole market trading increased.