China rare earth price continues to be strong on November 18, 2020. Under increased purchasing enthusiasm of downstream buyers, most suppliers rose their offers slightly. Neodymium oxide price was about 392,000 yuan/ton, praseodymium oxide price was about 350,000 yuan/ton and terbium oxide price is about 5,450 yuan/kg.

Molybdenum market quotation in China: molybdenum oxide, ammonium molybdate and ammonium heptamolvbdate prices remain stable on November 18, 2020 as the market is in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate(APT) prices show signs of rise in the week began on Monday November 16, 2020 despite the market is in a stalemate. However, affected by high production cost, sellers still keep firm offers, resulting in decreased low-price resources. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price started to show sign of stabilization after a recent decline in the week ended on Friday November 13, 2020. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide, neodymium oxide prices are in the upward trend on November 16, 2020 despite of slow inquiry but firm offers of raw material suppliers. 

Molybdenum market quotation in China: the ferro molybdenum, molybdenum oxide and molybdenum powder prices rise slightly due to boosted market confidence. Sellers have strong rised mentality under good trading activity and insiders have good expectation for the outlook. 

77,000 tons of WO₃ compounds are predicted in Youmapo W-Mo deposit. The Natural Resources Department of Guangxi Zhuang Autonomous Region intends to transfer the mining right of the Youmapo W-Mo deposit in Bobai County. On June 30, 2020, the estimated value of the mining right transfer proceeds is RMB 170,514,100.

The copper, tungsten, and rare earth industries in Jiangxi Province occupy the first positions in China. At the press conference on the economic operation of the province in the first three-quarters of the economic operation series of 2020, Fu Yuhui, director of the Non-ferrous Industry Division of the Provincial Department of Industry and Information Technology, introduced that the province’s Non-ferrous Industry is a pillar industry of the Province, the scale of the industry ranks first in the same industry in our country (the copper, tungsten, and rare earth industries occupy the first positions respectively).

Four new mineralization sites of tungsten, molybdenum, iron, and copper were discovered in Inner Mongolia. According to the Geological Survey Institute of the Inner Mongolia Autonomous Region, recently, the Shenyang Geological Survey Center organized experts to carry out the field acceptance of projects undertaken by the Geological Survey Institute, and the project discovered 4 iron, copper, tungsten, and molybdenum mineralization sites, identified 1 mineralization alteration zone, and delineated 2 prospecting target areas.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment when the cost side is the only support for the market. Low-price resources decrease and downstream demand continues to be weak. The tungsten market is quiet with low transactions concluded.