Chinese rare earth price maintains stability at present. The listing prices of Southern Rare Earth are unchanged compared with last week, which cannot form an effective guidance to the market. The supply side with little pressure of selling is waiting for the new guide from the policy and news, so the buying interest is not high. Given that, Chinese rare earth market would mainly focus on rigid demand.

Last week both the European spot and Chinese export ammonium paratungstate (APT) markets saw a rise in interest and associated price jump, amid persistent worries about Chinese tungsten supply disruptions.

Molybdenum price in China: the latest price of molybdenum powder, molybdenum concentrate and ammonium molybdate is unchanged from the previous trading day. At present, the tightening availability of molybdenum raw materials offers support to sellers while the quantity of steel biddings is poor and terminal demand is not improved. As a result, the deadlocked supply and demand will continue and traders remain low buying interest. With the consumption of inventories, Chinese molybdenum price may rebound.

A focus on recovery at the Drakelands tungsten project in Devon, in the UK, and the increase in the tungsten price bolstered Aim-listed specialist metals miner Wolf Minerals during the quarter ended March 31.