Analysis of latest tungsten market in China from Chinatungsten Online: Domestic prices of tungsten raw materials have started to rebound since the middle of November. But considering the limited consumption of terminal products, most manufacturers still remain low level of stocks and downstream customers are reluctant to purchase because of high prices. Tungsten price gradually stabilizes at present.

Rare earth market quotation: Chinese rare earth price remains weak adjustment amid europium oxide price is unchanged and praseodymium oxide price declines slightly. 

Molybdenum market quotation: Chinese molybdenum price remains stable amid the latest price of molybdenum concentrate, sodium molybdate and ferro molybdenum is unchanged from the previous trading day. 

Analysis of latest tungsten market in China from Chinatungsten Online: Mainstream tungsten price stabilizes at present with quiet market trading. Although sellers are willing to maintain high product prices, downstream demand is low. The quiet trading in the downstream market weakens the activeness of enterprises.

Rare earth market quotation: Chinese rare earth price continues to maintain stability. The whole market has caught in heavy wait-and-see atmosphere since October, affected by government’s purchasing and storage, and groups joining together to support prices. 

Molybdenum market quotation: raw material quotation is firm owing to the tight supply while downstream trading remains quiet. As a result, molybdenum product price continues to maintain stability. The latest price of ammonium molybdate, sodium molybdate and molybdenum bar is unchanged from the previous trading day. Affected by the environmental protection inspection recently, the operation rate in the whole molybdenum market remains at a low level. Without the admission of stimulus news, businesses will still wait and see.

It is understood that there are four deposits in the Perette tungsten mine: desert dolomite, gunmetal, garnet and hope. The total reserves of the tungsten ore are 17.5 million tons and the grade is 0.28%, with associated lithium, copper and silver. The major minerals are tungsten and lithium. 

According to foreign media reports, a large tungsten mine in the United States will be mined by the end of the year, which is the first time since 1995 that the Songxi tungsten mine closed 22, the United States re mining large tungsten ore. Does it mean that the strategic resources protection policy of the United States has changed?

Analysis of latest tungsten market in China from Chinatungsten Online: Market confidence is boosted by the rise in guide prices released by large enterprise on Monday, and domestic mainstream tungsten product prices continue to keep upward trend. However, tight supply of raw materials and weak demand still trouble market participants. As a result, tungsten market is in a stalemate on the whole and actual trading remains low.

Rare earth market quotation: Chinese rare earth price continues to be weak. It is understood that the State Reserve Bureau has started preliminary works of purchasing and storage recently, and domestic six rare earth groups is preparing goods that need to be handed in. The movement is expected to be finished in December. With the support of good expectation of purchasing and storage, rare earth price may stabilize but the market will face pressure from unbalanced supply and demand.