Rare Earth Market Update - February 7, 2025

neodymium oxide image

The domestic rare earth market is experiencing a situation where prices are rising but actual transactions remain limited. Several factors are influencing this trend, including the slow pace of production capacity release by rare earth manufacturers, low willingness of suppliers to sell, and an increase in downstream inquiries. 

Read more: Rare Earth Market Update - February 7, 2025

Molybdenum Market Update - February 7, 2025

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The domestic molybdenum market remains stable, with a balanced supply-demand relationship and limited policy impact. As a result, traders are adopting a cautious wait-and-see approach, leading to low market activity and slow order growth.

Read more: Molybdenum Market Update - February 7, 2025

India Scraps Customs Duties on Scrap of Tungsten & Other Critical Minerals

tungsten scrap picture

According to Reuters, India's Finance Minister Nirmala Sitharaman stated during her annual budget speech on February 1st that India has scrapped customs duties on waste and scrap from a dozen critical minerals, including those of antimony, cobalt, tungsten, copper, lead, zinc, as well as waste and scrap of lithium-ion battery.

Read more: India Scraps Customs Duties on Scrap of Tungsten & Other Critical Minerals

Tungsten Prices Remained Stable on the First Trading Day after the Chinese New Year

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Analysis of latest tungsten market from Chinatungsten Online

On the first trading day after the Chinese New Year, tungsten prices remained stable. 

Read more: Tungsten Prices Remained Stable on the First Trading Day after the Chinese New Year

MOFCOM Spokesperson Answers Questions from Reporters on Export Controls Imposed on Tungsten and Related Items

MOFCOM Spokesperson Answers Questions from Reporters on Export Controls Imposed on Tungsten and Related Items

MOFCOM Spokesperson Answers Questions from Reporters on Export Controls Imposed on Tungsten and Related Items

Q: On February 4th, the Ministry of Commerce (MOFCOM) and the General Administration of Customs jointly issued an announcement on export controls for tungsten and related items. What considerations did China take into account when formulating this export control policy?

Read more: MOFCOM Spokesperson Answers Questions from Reporters on Export Controls Imposed on Tungsten and...

 

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