Analysis of latest tungsten market from Chinatungsten Online

In the first three quarters of 2024, China's tungsten market showed an overall upward trend with fluctuations, marked by two peaks:

The domestic Chinese molybdenum market remains stable and firm on the first day after the National Day holiday. Although some traders have yet to resume normal trading activities, leading to moderate market activity, many participants are optimistic about the future market. 

The domestic Chinese rare earth market continues to operate steadily with a slightly upward trend. Currently, the prices of neodymium oxide, terbium oxide, and dysprosium oxide have increased to approximately 435,000 RMB/ton, 6,000 RMB/kg, and 1,790,000 RMB/ton, respectively.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to stabilize, with no significant changes in the supply structure. Demand potential has yet to be fully realized, and resources at the mining level remain tight.