At the beginning of the week, the domestic rare earth market showed a general upward trend, with praseodymium-neodymium metal price increasing by approximately 7,000 yuan/ton, terbium oxide price rising by about 100 yuan/kg, and dysprosium oxide price going up by around 10,000 yuan/ton.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices are holding steady, with industry participants adopting a wait-and-see approach. 

At the beginning of the week, the domestic molybdenum market continued to maintain stable operations, with prices for molybdenum concentrate, ferromolybdenum, and molybdenum powder at approximately 3,660 yuan per ton-degree, 239,000 yuan per ton, and 435 yuan per kilogram, respectively.

Chinese rare earth price exhibited mixed trends in the week ended on Friday, August 16, 2024, driven primarily by the low willingness of suppliers to reduce prices and the strong sentiment of buyers to push prices down.