Analysis of latest tungsten market from Chinatungsten Online

The short-term tungsten market remains stable as the Ganzhou Tungsten Association (GTA) and major tungsten enterprises have released their latest price guidance. 

Chinese molybdenum price generally showed a high consolidation situation in the week ended on Friday June 7, 2024, mainly due to the low willingness of molybdenum mining enterprises to reduce sales and the general performance of steel bidding volume and price. 

Chinese rare earth prices showed a trend of fluctuating decline in the week ended on Friday June 7, 2024, among which the price of praseodymium-neodymium oxide dropped from about 377,000 yuan/ton to about 364,000 yuan/ton; the price of terbium oxide dropped from about 6,060 yuan/kg to about 5,790 yuan/kg. 

Tungsten copper heat sinks are indispensable components in various industries, known for their exceptional thermal conductivity and mechanical strength.