Rare earth market quotation in China: domestic rare earth prices continue to keep firm, especially for rare earth permanent magnets. Two-thirds of the rare earth magnets in the United States come from China, according to the data released by Citibank; the new energy vehicles industry is expected to be good. So the industry participants are optimistic about the outlook and thus prices continue to rise steadily, but actual transactions seem not increase as much as the prices. 

Tungsten shortage coupled with environmental regulations in China with depleting mine supply, this may also create a tungsten deflect if new mines and projects aren’t brought online in these coming few years.

Molybdenum market in China: the latest prices of molybdenum concentrate, ferro molybdenum and molybdenum powder still maintain stability. Steel biddings are starting gradually, but prices fail to meet market expectations, which weaken confidence of traders who are supported by the costs to some extent. So the trading volumes seem down. 

Tungsten industry has been segmented according to application and end-use. Carbides and metal alloys are the key application segments. 2019 outlook, proliferation of the Asia Pacific automotive and manufacturing sectors has been the chief factor driving both these application segments.