Rare earth market quotation: Chinese rare earth price stabilizes temporarily amid the price of europium oxide, lanthanum oxide and neodymium oxide is unchanged from the previous trading day. Domestic rare earth price has continued to decline since September, and with the consumption of market stock, market rised mentality is strong. So short-term rare earth price is expected to rebound.

Molybdenum market quotation: the latest price of sodium methoxide, molybdenum powder and molybdenum bar stabilizes while molybdenum oxide price edges higher. With the coming of New Year, some traders in the market are staring to stop transactions, and then trading volume reduces accordingly. Spot goods in most mines are rare, and downstream buyers have not high enthusiasm in purchasing. As a result, molybdenum raw material market refuses to budge. But insiders are optimistic about the price.

Tungsten is an important strategic resource, which is widely used in modern manufacturing and military industry. With the development of China's economy, there will be more and more demand for tungsten and rare earth in China's manufacturing and military industry in the future. Fuel oil may be replaced by new energy.

Analysis of latest tungsten market in China from Chinatungsten Online: This week, domestic tungsten market keeps stable. Considering the pressure from funds and demand at the year-end, low production rate of mines, as well as the poor trading volume, tungsten enterprises in the market is caught in heavy wait-and-see atmosphere.

Rare earth market quotation: Chinese rare earth price takes a small step back due to the tension condition between supply and demand. Price of praseodymium and neodymium metal has declined 43 percent since the third quarter. 

Molybdenum concentrate market continues to have shortage in raw material and transaction prices remain high. Some large mines in Heilongjiang and Jilin province stopped production from last week and Inner Mongolia and Shaanxi now mainly produce long-term orders. The limited supply reduces new transactions. 40-45% molybdenum concentrate price stands at RMB 1,450-1,470/t.

Taking a look at US Tungsten Corp (USTU) stock, we have recently spotted the Percentage Price Oscillator Histogram line above zero. Traders may be taking note of this level as a possible buy signal.

Ormat Technologies Inc. ORA, -0.09% today announced that the 24 MW Tungsten Mountain geothermal power plant located in Churchill County, Nevada, began commercial operation on December 1, 2017. 

Tungsten, also known as Wolfram, is a greyish-white metal having lustrous appearance with a good corrosion resistance properties. Tungsten is widely used in its alloy form because pure tungsten is expensive and even difficult for machining. Its alloy consists of nickel, iron or copper added in tungsten. 

Tungsten prices have climbed in recent weeks amid a production slowdown in China, the world's top source of this rare element used to make highly durable materials.