Rare Earth Market Update - December 25, 2023

At the beginning of the week, the domestic Chinese rare earth market continued to maintain a relatively weak performance. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to stabilize with the release of the last round of guide prices for the year of 2023. Insiders are not optimistic about the stocking up at the end of the year, and the market is expected to be lukewarm. 

At the beginning of the week, the domestic Chinese molybdenum market showed an overall pattern of high-level retracement. 

This week, the overall trend in domestic rare earth prices in China showed stability followed by a decline. At the beginning of the week, due to significant production costs and downstream users maintaining essential procurement support, most suppliers maintained strong quotations.