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).

The company’s share price has increased 2.68 percent since the announcement, and is up 112.96 percent year-to-date.

W Resources is now on track to start trial mining at Regula, the project chairman Michael Masterman calls the "quiet achiever."

Analysis of latest tungsten market from Chinatungsten Online: The bearish atmosphere in whole raw material market and wait-and-see mentality of businesses at the end of the month lowers buying activity. Downstream market tries to force price down while traders have strong willingness in selling. And due to the game between fundamentals and funds, some enterprises stop quoting, waiting for new guide prices from institutions and large tungsten enterprises.

Rare earth market quotation in China: domestic rare earth price still maintains stability as the market is caught in heavy-wait-and-see atmosphere at the end of the month. This week, the listing prices for rare earth oxide are unchanged, news side is quiet and buyers and sellers are in a stalemate. Besides, upstream manufacturers reduce product prices for more shipments while downstream enterprises still remain cautious purchase. Taken together, short-term rare earth price mainly stabilizes.

The latest price of ferro molybdenum, ammonium molybdate and molybdenum concentrate declines slightly, affected by decreasing demand of steel mills and Sino-US trade friction. Facing the pressure from steel mills, ferro molybdenum market mainly trades low-price goods and price is falling. Considering manufacturers without plans in stocking up, most insiders believe that ferro molybdenum price still has room for declining. Whether the terminal demand can recover in April or not still remains to be seen.

Analysis of latest tungsten market from Chinatungsten Online: Expectations for terminal demand recovery and tight supply of raw materials are disappointed in the tungsten market, which presses the current market price. Given that, short-term tungsten price will maintain weak adjustment.