Earlier, Trump signed an executive order to identify 35 new sources of minerals that the United States considers vital to the country and streamline leasing and licensing procedures to speed up domestic production.

Rare earth market quotation in China: the latest prices of neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal declined slightly due to unstable support from the supply and demand while cerium oxide price remained stable. Recently, macro-trade events continue to ferment, and rare earths can continue to ferment as a hot spot for counter-chips. The industry is generally optimistic about the resource value of in late market and sellers show signs of unwilling sales. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China remain weak adjustment on heavy wait-and-see atmosphere and thin market trading. At present, the external trade environment is unstable and downstream factories are not active in producing and purchasing products. The market continues to operate on-demand procurement with low trading activity. 

Molybdenum market quotation in China: the latest price of molybdenum oxide, ammonium molybdate and ammonium heptamolvbdate maintain stability. As large miners stabilized their new offers, molybdenum concentrate market performed well in supply and demand. The supply was tight, product prices kept firm and market confidence was boosted. Downstream product prices also got supported from the cost.