At the beginning of the week, Chinese molybdenum market remained flat, influenced by both bullish and bearish factors, with slightly different performances across upstream and downstream markets:

Chinese rare earth market is relatively good this week, mainly reflected in the significant increase in the price of mainstream rare earth raw materials and the increase in spot trading volume compared with the previous period. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remain stable in a stalemate, with some suppliers shifting between holding back for higher prices and selling for profit. 

Chinese molybdenum prices continued to rise steadily in the week ended on Friday, September 6, 2024. This upward trend was mainly driven by high bidding activity from steel companies for ferromolybdenum, rising steel bid prices, and limited supply of molybdenum raw materials.