Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices remain strong in the wake of tightening availability of raw materials that drives prices of end products. 

China molybdenum price edged higher in the week ended on Friday December 18, 2020 with the impact of tight supply and improved buying appetite. Now traders have strong rised mentality and the price is not likely to recue in the short term.

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) exporters kept their offers unchanged this past week despite fewer inquiries from overseas buyers due to the impact of Covid-19, with a strengthening domestic market once again lending support.

Rare earth market quotation in China: the DyFe, praseodymium oxide and neodymium oxide prices continue to decline on December 17, 2020 under many instabilities in the market. 

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum concentrate prices continues to rise on December 17, 2020 with the support of tight supply and relatively active trading activity. 

Australia is committed to the development of critical minerals (CMs) such as rare earths. Australian Federal Resources Minister Keith Pitt reiterated that Australian aspirations to become a world leader in the exploration, extraction, production and processing of CMs.

The Jiangxi Provincial Department of Natural Resources intends to transfer the mining rights of the Hongtao Tungsten Mine in Ganzhou with compensation. According to the relevant report, the estimated value of the transfer proceeds from the mining rights of the Hongtao Tungsten Mine is 4.5749 million yuan. It was higher than the benchmark price of the transfer income calculated based on the mining rights transfer income market in Jiangxi Province of 4.5434 million yuan.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices keep firm in the middle of December due to the tightening availability of raw materials and consumers restocking at the end of the year. 

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices are weak on the whole in the middle of December, 2020 due to relatively weak demand.

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices continue to climb on December 16, 2020 due to improved buying appetite of buyers and good expect for the outlook.