Opening this week, tungsten market in China maintains its previous upward momentum. The prices of mainstream tungsten products rise collectively, supported by vantage supply and large tungsten enterprises’ long-term negotiated price.

Chinese rare earth market readjusts in high price. Affected by ban of waste and cracking down on acts of lawlessness, the industry believes that a supply gap of praseodymium neodymium will appear.

Tungsten market quotation: prices of tungsten concentrate, ammonium paratungstate and tungsten carbide powder continue to increase.

Rare earth price generally maintains stability in China, of which dysprosium rare earth price raised slightly. Rare earth supply is still tight as a result of "anti" normalization and state reservation.

A large Jiangxi tungsten enterprise yesterday published a long-term negotiated price in the second half of July, which obviously intent to encourage businesses continue to raise quotation.

Rare earth prices maintained stability in China. The application of rare earth permanent magnet in the new energy vehicles and other areas performs well currently. Rare earth permanent magnet production enterprises generally increased by 10%-30% in the first half of this year.

During 1936~1953, total output of tungsten in Pine Creek Tungsten Mine is 7613ton. In 1979, Pine Creek Tungsten Mine starts underground exploration, annual output is 2000ton. And keeps being the biggest tungsten producer in America.

Pine Creek Tungsten Mine locates on the south of Nevada mountain in California, 18 miles northwest from bishop town, altitude is 3300m, is a tungsten mine with centurial history.

The prices of mainstream tungsten products continued to sustaining steady growth yesterday in China, and the volume is small. In the short term, tungsten concentrate’s tight supply is not easy to improve.

Rare earth prices in China maintain stability. And there is room for improvement in the aftermarket. The national purchasing and storage, limited production due to environmental protection and anti normalization promote the industry’s standardization and scientific development.