Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association released its new tungsten forecast prices for July: tungsten concentrate price was $10,468.75/t, down $3,593.75/t from last month; ammonium paratungstate(APT) price was $187.20/mtu, down $60/mtu; medium particle tungsten power prices was $28.2/kg, down $6.3/kg from June. 

Molybdenum price in China: the latest prices of molybdenum powder, ammonium molybdate and ammonium heptamolvbdate are unchanged from the last trading day. Molybdenum concentrate market stabilizes on stable production capacity of mainstream mining enterprises. Sellers are still reluctant to sell products.

Chinese rare earth prices keep stable in the midweek, but the supply and demand are still in a stalemate and trading atmosphere is not certain. Rare earth import and export reserves have declined, and the overall trading mentality of the market is cautious.

The “rare earth throne” of MP Materials is the best opportunity for the US in the US-China trade war. Rare earth has become an important bargaining chip in the trade war. MP Material is the only rare earth mining company in America. They own the Mountain Pass mine, which is an open-pit mine of rare-earth elements on the south flank of the Clark Mountain Range, just north of the unincorporated community of Mountain Pass, California, United States.