For Vietnam’s automobile industry, it is very important to increase the localization ratio and reduce production costs. And as the largest output of mines in the country, could tungsten mines be the springboard for the auto industry?

Rare earth market quotation in China: domestic rare earth price remains unchanged amid the price of terbium oxide, europium oxide and praseodymium oxide stabilizes. The rigid demand fails to meet market expectations, coupled with sufficient supply of spot goods and without guidance from policy, sellers’ willingness in shipments is stronger than downstream market’s purchasing. In the short term, rare earth price still faces risk of declining.

Analysis of latest tungsten market from Chinatungsten Online: With the rise of tungsten raw material prices earlier this week, transaction prices in China’s market also edge higher, but actual trading volumes still in a relatively low level. This round of rise is boosted by the higher product offers from Ganzhou Tungsten Association and large tungsten enterprises. As a result, the market now has prices but no sales, with higher risks.

In China’s molybdenum market, prices remain unchanged, affected by the game between upstream and downstream of industry chain. At present, both sellers and buyers are difficult in selling and quoting, with heavy wait-and-see atmosphere.