Rare earth market quotation in China: the latest price of europium oxide, praseodymium oxide and praseodymium neodymium metal is unchanged from the previous trading day under the weak demand. Considering quiet atmosphere in supply and policy sides and, buyers and sellers are in a stalemate, market trading is thin. Taken together, Chinese rare earth price will be stable in the short term.

Recently, it is reported that a team of international scientists discovered a new type of superhard material that can be applied in drilling, mechanical engineering and other fields – a compound based on tungsten boride. Research has confirmed that the new tungsten boride developed is superior to the tungsten carbide cobalt composite and synthetic diamond materials currently in widely use.

Chinese molybdenum prices show good momentum earlier this week, affected by reducing spot goods due to stop production to undergo repair in molybdenum mines. At present, sellers have strong rised mentality and raise offer levels, although transaction prices are pressed by the demand side.

It is reported that China has released the new Special Management Measures for Foreign Investment Access (Negative List) (2018 version), which greatly opens the market to foreign investment and released measures in 22 areas totally. One of which is: ‘Cancellation of the smelting and separation of rare earths being restricted to equity and contractual joint ventures , and the restrictions on foreign investment in tungsten smelting are eliminated.’ I believe that this news is a big deal for the non-ferrous metals industry in all aspects.