Per figures, the world's total rare earths reserves are about 126 million tons, and China's rare earth reserves account for 44% of the world's total reserves. After the start of the US-China trade war, the two sides actively sought gaming chips. However, China seems to be facing difficulties recently.

China's restrictions on rare earths production lead to factories’ import from the US and Myanmar. Our country is currently the world’s largest producer of rare earths. However, industry insiders revealed that the production limits, enforced to limit environmental damage from rare earth mines and keep prices high, are forcing Chinese manufacturers that depend on rare earths for a range of industrial applications to turn to overseas suppliers, triggering a surge of imports from the US and Myanmar.

China ENFI won the bid of Ganzhou Rare Earth Mine. Recently, China ENFI Engineering Corporation (hereinafter referred to as “China ENFI” or “the company”) successfully won the bid for the EPC general contracting project of the groundwater pollution prevention and control measures engineering design, procurement, and construction of the Ganzhou Rare Earth Mine Integration Project (Phase I).

Analysis of latest tungsten market from Chinatungsten Online

The tungsten bar and cesium tungsten bronze prices in China continue to be weak owing to the uncertainty in the US election and persistent weakness in the demand side. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices were in the upward trend in the week ended on Friday November 6, 2020 due to increase trading activity in the market. 

China molybdenum price was in the upward trend in the week ended on Friday November 6, 2020. Although downstream demand failed to meet market expectation, under the relative inventory shortage, molybdenum chemical and product enterprises had strong raised mentality. 

Analysis of latest tungsten market from Chinatungsten Online

China ammonium metatungstate (APT) and tungsten carbide powder prices continue to be in the upward trend in early November when the US presidential election is the focus of the world. The result remains unknown by now because not enough votes have been counted yet for either Donald Trump or Joe Biden to claim victory.

Rare earth market quotation in China: terbium oxide, neodymium oxide and dysprosium oxide prices are in the upward trend in the week began on Monday November 2, 2020 under the complex background. 

China molybdenum price is in the upward trend in early November despite the market is still in a stalemate. However, with the support of high production cost, molybdenum mining enterprises have strong rised mentality. In addition, smelting factories do not consider profit-taking anymore in order to avoid the risk of price inversion. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is difficult to find a strong base to start a new round of price increase. On the one hand, the continued spread of Covid-19, geopolitical risk and other uncertain factors weaken market confidence all over the world; on the other hand, the new round of average tungsten forecast prices were declined lightly in this month.