Molybdenum market quotation in China: ferro molybdenum price continues to rise while molybdenum concentrate and molybdenum powder prices keep stable due to increased market trading activity. 

To make Europe's rare earth materials supply more secure and sustainable, European Commission (EU) has launched new tragedies. The EU Internal Market Commissioner, Thierry Breton stated at a press conference that Europe holds various resources, such as, aluminum, cobalt, and lithium, while they are far from being exploited.

Australia wants to build a super lithium battery factory. Recently, Magnis Energy Technologies, an Australia graphite company headquartered in New South Wales, announced that the Queensland Government has approved the company's plan to build a super lithium battery plant in Townsville for 3 billion AUD (approximately RMB 14.9 billion). The Queensland government has allocated 3.1 million AUD (about 15.52 million yuan) for this purpose. According to the foreign reports.

China rare earth price was in the downward trend in the week ended on Friday September 11, 2020. Both the supply and demand sides were facing greater pressure, which made it difficult to reach an agreement in the negotiations.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are kept in a relative high level in the wake of a slight rise in the new guide prices from tungsten institutions. In the short term, the market tends to stabilize. 

China ferro molybdenum, molybdenum concentrate and molybdenum powder prices were in the upward trend in the week ended on Friday September 11, 2020 thanks to active trading activity and good sentiment of market participants.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices in China are unchanged from the previous trading day on September 10, 2020, keeping in line with the new guide prices from listed tungsten companies. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline affected by many uncertainties in the market. 

The ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in the Chinese market are in the upward trend thanks to active inquiry and good market confidence. However, some of insiders still worry about the outlook and keep focusing on quantity and price of steel tenders as well as import and export markets. 

Ningxia has discovered 660,000 Mu of molybdenum-rich land and 109,000 Mu of selenium-rich land in Yuanzhou District, Guyuan City, according to the Hohhot Natural Resources Comprehensive Investigation Center of China Geological Survey. This achievement will provide an important basis for the local development of characteristic agriculture and help Liupanshan's concentrated and contiguous destitute areas to win the battle against poverty.