Molybdenum market quotation: raw material quotation is firm owing to the tight supply while downstream trading remains quiet. As a result, molybdenum product price continues to maintain stability. The latest price of ammonium molybdate, sodium molybdate and molybdenum bar is unchanged from the previous trading day. Affected by the environmental protection inspection recently, the operation rate in the whole molybdenum market remains at a low level. Without the admission of stimulus news, businesses will still wait and see.

According to foreign media reports, a large tungsten mine in the United States will be mined by the end of the year, which is the first time since 1995 that the Songxi tungsten mine closed 22, the United States re mining large tungsten ore. Does it mean that the strategic resources protection policy of the United States has changed?

It is understood that there are four deposits in the Perette tungsten mine: desert dolomite, gunmetal, garnet and hope. The total reserves of the tungsten ore are 17.5 million tons and the grade is 0.28%, with associated lithium, copper and silver. The major minerals are tungsten and lithium. 

Analysis of latest tungsten market in China from Chinatungsten Online: Market confidence is boosted by the rise in guide prices released by large enterprise on Monday, and domestic mainstream tungsten product prices continue to keep upward trend. However, tight supply of raw materials and weak demand still trouble market participants. As a result, tungsten market is in a stalemate on the whole and actual trading remains low.