U.S. President Trump officially announced that the United States unilaterally withdraws from the Iranian nuclear agreement at 2 p.m. local time on the 8th. It is also prepared to restore all the sanctions against Iran that were abandoned in order to implement the agreement and impose additional economic penalties. In short, the Middle East gunpowder barrel has been ignited by Trump. It is inevitable that Iran, Israel and Saudi Arabia will start a new round of armaments. As an important military material, tungsten demand may be pushed up.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices remained unchanged from last week. The downward trend in the first half of this year has caused market confidence to be frustrated. The downturn in the back-end manufacturing industry and the shrinking orders of downstream enterprises also made traders show dark predictions about the late market. Smelting factories slowed down activities of purchase and sales, facing pressure of price inversion.

Rare earth market quotation in China: domestic rare earth price showed signs of drop with the declined influence of relevant policies for rare earth industry regulation. In the first half of this month, although sharp prices of rare earth concept kept strong, the spot market has begun to face pressure of imbalanced market supply and demand. Under the traditional off season and high prices of rare earth elements, the back-end consumer orders have decreased. 

Chinese molybdenum prices were in a stalemate when most market participants paid more attention to offer levels of major mine enterprises and steel tenders for ferro molybdenum. Due to the persistent weakness in the demand side, manufacturers are not optimistic about the outlook but the tightening availability of raw materials and high production costs still support the market. In the short term, the market would stabilize. 

Tungsten as well as other rare metals may relay rare earth to be the future strategic resource concept stock based on the recent market performance. Recent rise of rare earth leading stocks is staggering. Jinli permanent magnets (62.300, 2.50, 4.18%) have seen the largest increase of more than 3 times since the end of the period at 18.44 yuan on 8th May; 

Recently, Jiangxi Daishan Tungsten Industry brings in IMS microseismic ground pressure monitoring system for its tungsten mining, it is cooperated with Shanghai Pengxu Information Technology Co., Ltd. 

As a strategic resource in the Sino-US trade war, rare earth has attracted special attention around the world. China's goal is to maintain the green and sustainable development of rare earth industry.

Of rare earth resources, China has an absolute advantage, will this be a breakthrough for China to the United States in the Sino-US trade war from the frontline investigation? So, what is rare earth and how important are rare earths? Why it is hard for the United States to catch up with us.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to decline in the week ended on Friday June 21, 2019 as insiders, affected by the mood of panic, were hard to judge when the market will to bottom out. The whole spot market remained low trading activity and transaction prices showed signs of decline.

Rare earth market quotation in China: the latest prices of neodymium oxide and praseodymium neodymium oxide climbed slightly while europium oxide price stabilized in early week. Recently, the market has tended to return to rationality, and the divergence of traders' expectations for the market outlook is mainly reflected in the light rare earths.