Molybdenum market quotation: the latest price of molybdenum concentrate, ammonium molybdate and molybdenum powder rises slightly. Short supply of molybdenum concentrate is the main reason for high prices at present. At the same time, under the background of improved downstream demand and sharp rise of international molybdenum price, molybdenum concentrate price is expected to keep upward trend this week. 

Improved demand and higher prices have been a welcome change for tungsten market participants outside China this year, but when it comes to price moves and price floors, China still holds the cards.

Happy Creek Minerals Ltd (TSXV:HPY) is a mineral exploration company focused on the development of its two key projects, the Fox tungsten project and the Highland Valley copper project in south central British Columbia, Canada.

Mainly affected by the environmental protection policy reducing production, markets outside China show improved demand and higher prices. But China is still the dominant market participant in tungsten industry when it comes to price moves and price floors.

Analysis of latest tungsten market in China from Chinatungsten Online: The supply of tungsten raw materials is now the dominant factor affecting mentality of business in the market. As market participants are bullish on the average prices from Tungsten Association and guide prices from large enterprises this month, sellers are reluctant to sell their products, with strong rised mentality.

Rare earth market quotation: Chinese rare earth market has been stabilized recently amid the price of cerium oxide, praseodymium oxide and dysprosium oxide is unchanged from the previous trading day. Traders in the market are now caught in wait-and-see atmosphere as news of policy has not yet released. With clear guidance in the market, downstream purchasing enthusiasm is not high, and then limits the space of rise. Returning from the holiday, market trading is not recovered, so rare earth price will stabilize in the short term. 

Molybdenum market quotation: as supply of molybdenum raw materials are tight while demand is strong, sellers are more reluctant to sell, thus market price is rising. The latest price of ferromolybdenum, molybdenum concentrate, ammonium molybdate, and ammonium heptamolybdate rises slightly.

Analysis of latest tungsten market in China from Chinatungsten Online: As the guide prices for Chinese tungsten market from Tungsten Associations and large enterprises will released soon, most tungsten enterprises have low enthusiasm in trading. But market confidence remains quite strong due to good expectation for market outlook. Supply of raw material is expected to reduce, mainly because major companies are reluctant to sell before the Spring Festival. Once they sell their products, it will be hard to replenish stocks.

Rare earth market quotation: Chinese rare earth price continues to stabilize as the market lacks clear guidance and traders keep waiting and seeing. The rare earth office of the Ministry of Industry and Information Technology has asked for rectification of rare earth industry, and then the rare-earth index has continued to going up slightly. On the whole, rare earth market is sable with good expectation. Short-term the market without substantive policy guidance will remain thin.

Molybdenum market quotation: the latest price of molybdenum concentrate, molybdenum powder and molybdenum oxide rises slightly due to the improvement of market demand in China. While most of manufacturers have not yet returned to the market after the Christmas, so European molybdenum market is thin now.