Recently, the vice-minister of Ministry of Industry and Information Technology of the People’s Republic of China and head of National Manufacturing Leading Group Office, Xin Guobin declares that the development of manufacturing industry has achieved great success since the reform and opening up of China more than 40 years ago in the 2018 National Manufacturing Expert Forum. 

China rare earth price is unchanged from the previous trading day because the market is caught in heavy wait-and-see atmosphere at the end of this month. The continuous weak demand has weakened market confidence, although environmental checks tighten the supply of raw materials. At present, uncertain policy for purchasing and storage limits price rise. 

Analysis of latest tungsten market from ChinaTungsten Online

Margin in mine enterprises was squeezed, although limited production under Chinese environmental checks. Tungsten concentrate sellers were not willing to sell at low prices and buyers entered the market slowly. Thin trading volumes pressed down market prices. Tungsten concentrate prices declined to $15,384.6/t.

China molybdenum prices continue the upward trend on Wednesday August 29 when the supply of molybdenum raw materials is tight under the environmental inspections. Molybdenum concentrate traders have more confidence and inquiry becomes more active than before.