Rare earth market quotation in China: domestic rare earth prices showed different trends in the week began on Monday April 26. As the deadlocked relationship in the light rare earth markets are hard to be eased in the short term, prices of praseodymium and neodymium products have been remained at a relatively low level. Under environmental protection policy reducing production in mines, traders are optimistic about the outlook and thus heavy rare earth prices are in the upward trend. 

China molybdenum prices remained stable in the week ended on Friday April 26. Affected by the delay in the release of tenders from steel mills, traders became less active in trading, and smelting factories faced pressure from downstream weakness demand and high costs of raw materials. But the increase in mainstream steel bidding prices boosted market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continued to remain unchanged from last week. On the one hand, the decline in new offer levels from listed tungsten companies weakens market confidence; on the other hand, affected by weak terminal demand, market trading atmosphere is quiet. 

Rare earth market quotation in China: domestic rare earth prices continue to show different trends. Prices of terbium oxide and other heavy rare earth products climb slightly benefiting from the expectation of tight supply. But some market participants expressed that Myanmar's rare earth import ban is short-lived, and the market's continued marketability still rely on overall performance of supply and demand in the market. Praseodymium neodymium oxide and other light rare earth products prices edge lower as the market remains low trading activity.  

Molybdenum prices in China start to show signs of differences. For molybdenum concentrate market, prices tend to stabilize but market trading seems hard to increase on the weakness in the terminal side. Steel mills are cautious to the biddings, which increase smelting factories’ reliance on molybdenum ore costs. Ferro molybdenum prices are in a stalemate. On the whole, the market is caught in wait-and-see atmosphere. 

In the first quarter performance statement of Xiamen Tungsten Co.,Limited, the operating revenue is ￥3.814 billion, increases 11.68% compared to the same period of the last year. 

News from the natural resource department, according to the report of foreign media, Australia published <Australia Key Minerals Strategy 2019> recently. It aims to become a major mineral supply country supporting the development of agriculture, aerospace, national defense, renewable energy and communication industries, and become the world's leading major mineral exploration, development, production and processing country.

Molybdenum is a trace element of life required by living organisms. Molybdenum deficiency in the human body can cause a series of diseases, such as Keshan disease, kidney stones, Kashin-Beck disease, high blood pressure and diabetes. In particular, the lack of molybdenum can lead to an increase in the incidence of cancer.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to remain weak adjustment as new guide prices from large tungsten companies declined slightly, showing negative sentiment of market participants. Under the thin market trading, the market now is caught in heavy wait-and-see atmosphere. 

Rare earth market quotation in China: praseodymium oxide price declines slightly while prices of lanthanum oxide and praseodymium neodymium metal keep stable. Opening this week, Southern Rare Earth rose the listed prices. Affected by that, heavy rare earth prices have been remained firm. For praseodymium and neodymium products, their prices show signs of decline on continued weak demand.