It is understood that there are four deposits in the Perette tungsten mine: desert dolomite, gunmetal, garnet and hope. The total reserves of the tungsten ore are 17.5 million tons and the grade is 0.28%, with associated lithium, copper and silver. The major minerals are tungsten and lithium. 

According to foreign media reports, a large tungsten mine in the United States will be mined by the end of the year, which is the first time since 1995 that the Songxi tungsten mine closed 22, the United States re mining large tungsten ore. Does it mean that the strategic resources protection policy of the United States has changed?

Analysis of latest tungsten market in China from Chinatungsten Online: Market confidence is boosted by the rise in guide prices released by large enterprise on Monday, and domestic mainstream tungsten product prices continue to keep upward trend. However, tight supply of raw materials and weak demand still trouble market participants. As a result, tungsten market is in a stalemate on the whole and actual trading remains low.

Rare earth market quotation: Chinese rare earth price continues to be weak. It is understood that the State Reserve Bureau has started preliminary works of purchasing and storage recently, and domestic six rare earth groups is preparing goods that need to be handed in. The movement is expected to be finished in December. With the support of good expectation of purchasing and storage, rare earth price may stabilize but the market will face pressure from unbalanced supply and demand.

Molybdenum market quotation: the latest price of ammonium tetramolybdate, molybdenum oxide and ferro molybdenum is unchanged from the previous trading day. In the molybdenum market in China, demand and supply refuse to budge while the mentality of businessmen shows some optimism. 

Analysis of latest tungsten market in China from Chinatungsten Online: Opening this week, the long-term negotiated prices of large enterprises for the second half of November are released, which means tungsten market comes back to the upward trend. Considering the gap between the quotation and market price, it cannot be regarded as guidance for the afternoon market. But the mentality of traders is boosted and tungsten market will continue to be stable with good momentum.

Rare earth market quotation: Chinese rare earth price declined slightly last week as the uncertain news of purchasing and storage weakened market confidence. The price of praseodymium, neodymium, dysprosium and other rare earth products favored a pullback. 

Molybdenum market quotation: the latest price of molybdenum concentrate and ferro molybdenum rises slightly while molybdenum oxide price maintains stability now. This week, domestic molybdenum market stabilizes as a whole, with good momentum. 

Outside of China, there’s only one lithium project in all of South East Asia. It’s called Reung Kiet and it’s situated in Southern Thailand. It is held by Pan Asia Metals, a privately-held Singaporean company that’s due to list on London’s AIM market in the first half of next year.

Analysis of latest tungsten market in China from Chinatungsten Online: Tungsten market started to stabilize last week. And with growing bullish sentiment and increasing difficulty of purchasing raw materials, costs kept increasing. It was reported that insiders though some certain space for rising in the afternoon market, but by the end, finances and the actual demand also need to be considered. Chinatungsten Online forecasts that the rally is hard to reach to the same level as earlier stage, so it not suggests following blindly when at high point.