Analysis of latest tungsten market from Chinatungsten Online

In the first trading week after the Spring Festival, tungsten prices in China stabilized on the whole as the holiday atmosphere still covers the market. Considering the external trade disputes, terminal demand, new tungsten forecast prices remaining unclear, and expected low trading activity before the Lantern Festival, traders were cautious to offer and inquiry. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum concentrate and molybdenum oxide climbed slightly from last week due to tightening availability of molybdenum ores, the rise in prices and quantity of steel tenders and active trading activity. 

Rare earth market quotation in China: opening this week, rare earth prices remained stable from last week. Although more factories started to resume working and dealers tried to offer price levels, market trading was not active. Under unclear environmental of environmental protection, purchasing and storage, logistics and trading, downstream purchasing is thin and buying interests are low. In the short term, market participants will wait for the next move in listing prices of large enterprises. 

The U.S. Department of Internal Affairs recently announced that it will expand domestic production of 35 key minerals, including uranium, tungsten, cobalt, lithium, titanium and rare earths, in order to reduce dependence on foreign imports, especially those produced by China and Russia.