Rare earth market quotation in China: domestic rare earth price has maintained stability recently. Though buyers and sellers have different psychological prices, sellers have strong rised mentality and downstream factories purchase according to orders. News side is still quiet and market participants mainly wait and see, with thin trading. 

A large mine in Heilongjiang, province may start to undergo repair this week and another one in Mongolia will also suspend production and maintenance for about 15 days this month. The shout supply of raw materials is now the main factor supporting high quotation of miners. But market demand is hard to be improved, so molybdenum concentrate price is under pressure.

Analysis of latest tungsten market from Chinatungsten Online: Tungsten market in China ran steadily on the whole in March, no matter a higher rush in the middle of month or a slight decline at the end of the month, actual transactions only has a little change. 

Rare earth market quotation in China: the rare earth market was stable in the whole week because large enterprises’ stable quotation gave confidence for business. The news side is quiet at the time being, both buyers and sellers wait and see, and traders are more optimistic about the late pattern of supply and demand. This week, rare earth price will continue the current market trend.

Molybdenum market quotation in China: the latest price of molybdenum bar, molybdenum powder and molybdenum concentrate is stable at present. The sharp rise in molybdenum price at home and abroad from late last year has stimulated some small-and-medium mines to start producing. The increasing molybdenum raw materials intensify the competition of ferro molybdenum market. 

Analysis of latest tungsten market from Chinatungsten Online: Domestic tungsten market has been remaining weak since February as terminal demand increases very slowly. And restricted to negative factors, tungsten market will continue the current trend in the short term.

Rare earth market quotation in China: domestic rare earth market continues to operate stably as the difference in price between buyers and sellers makes traders maintain wait-and-see mentality. Considering the good expectation for purchasing and storage, cracking down on illegal enterprises and demand of new energy automobile from market traders, rare earth price is likely to rise in the next week.

Market price is eventually determined by the relationship between supply and demand. At present, the supply of molybdenum concentrate is relatively tight, supporting the high raw material prices. Due to the weak demand of steel mills, ferro molybdenum manufacturers are hard to reduce their stocks and thus press the price.

The US House of Representatives' Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act, which Aim- and ASX-listed Thor Mining said would benefit its Pilot Mountain tungsten project in Nevada.

Tungsten-focused Happy Creek Minerals (TSXV:HPY) published an updated resource estimate for its Fox property in BC on Tuesday (February 27).