Rare earth market quotation in China: domestic rare earth price continues to maintain weak adjustment amid the price of PR ND oxide, europium oxide and praseodymium oxide is unchanged from the previous trading day. The oversupply now is eased, plus with the lower listing prices of Southern Rare Earth, negative atmosphere covers the market and some enterprises even reduce offers for more shipments. Rare earth price in China will keep stable this week.

For Vietnam’s automobile industry, it is very important to increase the localization ratio and reduce production costs. And as the largest output of mines in the country, could tungsten mines be the springboard for the auto industry?

Although transactions of high-price molybdenum concentrate are rare and international molybdenum price falls sharply, Chinese sellers keep stable quotations. Downstream purchasers decide to hold back purchasing because of cost overhang and poor performance in international market. Considering the tightening availability of molybdenum concentrate and some low-price transactions, the raw material market will be in a stalemate in the short term.

Analysis of latest tungsten market from Chinatungsten Online: With the rise of tungsten raw material prices earlier this week, transaction prices in China’s market also edge higher, but actual trading volumes still in a relatively low level. This round of rise is boosted by the higher product offers from Ganzhou Tungsten Association and large tungsten enterprises. As a result, the market now has prices but no sales, with higher risks.