Rare earth market quotation in China: the latest DyFe, terbium oxide and dysprosium oxide prices continued to decline in the last trading day in October although market inquiry gradually increased. 

Molybdenum market quotation in China: the latest ferro molybdenum, molybdenum concentrate and molybdenum powder prices edged lower compared with last trading day owing to heavy wait-and-see atmosphere in the market. 

To develop black tungsten fluorite, three enterprises of China and Mongolia signed a contract on October 30. The signing ceremony of the tripartite strategic cooperation between Heilongjiang Mining Group Co., Ltd., Heilongjiang Yinghe Investment Group Co., Ltd., and Mongolian SG Group LLC was held in Harbin, co-signed the China-Mongolia Mining Strategic Cooperation Framework Agreement, decided to cooperate in the development of black tungsten fluorite mine in Mongolian province - Sukhbaatar.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China remained weak due to imbalanced relationship between supply and demand. The demand continued to be sluggish while the supply became increase. The uncertainty in funds and policies also affected trading atmosphere of purchasers and speculators. But firm costs supported the stability of the market.

Russia's state nuclear company Rosatom is pursuing its goal of applying lithium battery technology in the Russian economy by positioning itself to join the greenfield project in Chile. This is a major symbol of Rosatom's involvement in lithium-manufactured test water batteries and is part of a strategic partnership between Russia and Chile, according to the Financial Times.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China remain weak adjustment early this week when the supply of raw materials increases but the demand side does not become active. In the short term, the whole market is expected to be caught in wait-and-see atmosphere with the support of raw material mining and smelting, environmental protection policy and so on. 

The latest prices of neodymium oxide, dysprosium oxide and praseodymium neodymium metal dropped slightly compared with the last trading day in the Chinese market because the imbalance between supply and demand on the market has become more serious. 

The latest prices of ammonium heptamolybdate, ammonium molybdate and molybdenum powder in the Chinese market edged lower due to continued weakness in the market. The molybdenum concentrate market was weak, but supported by high production costs, most sellers still stabilize their product offers. 

A large copper-gold-silver-molybdenum porphyry system was discovered by Ecuador - Australian miner SolGold at its Cisne Loja project in southern Ecuador, according to the Ministry of Natural Resources of the People's Republic of China.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China remained weak adjustment in the week ended on Friday October 25, 2019 affected by the decline in new guide prices from listed tungsten companies early this week. the increased supply of raw materials but requiring lower prices of buyers made the market deadlocked.