China molybdenum price showed a downward trend in the week ended on Friday, March 10, 2023. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain weak adjustment on March 8, 2023 affected by the decline in new guide prices for the first half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and listed tungsten companies lowered down their guide prices for the first half of March 2023, which weakened market confidence to some extent. 

Rare earth market quotation in China: erbium oxide, gadolinium oxide, praseodymium oxide and praseodymium neodymium oxide prices keep declining on March 8, 2023, mainly due to the fact that the problem of oversupply in the market still exists. 

China’s ferro molybdenum, molybdenum powder and oxide prices stop declining and remain stable on March 8, 2023. As steel companies successively enter the market to bid for ferromolybdenum and the current price of molybdenum raw materials has dropped significantly compared with the beginning of last month, the market inquiry and purchase activity has slightly increased and investors are more optimistic about the market outlook.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of this week, China tungsten price continues to stabilize, mainly based on the willingness of the primary market to raise prices, while the atmosphere of intermediate traders and downstream inquiries and purchases is still light. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday March 3, 2023 when the suppliers had rised mentality and buyers remained rational sentiment. The whole market trading was quiet and participants are waiting for the further news from the Two Sessions as well as the new guide guide prices from listed tungsten companies.  

At the beginning of the week, the overall China rare earth price was still in a downward trend. Under the influence of factors such as the weak downstream demand that has not improved, the production capacity of rare earth manufacturers basically released normally, and the large import volume of overseas rare earth raw materials, the spot inventory in the market is slightly loose. 

At the beginning of the week, China molybdenum price continues to move down significantly, mainly due to the long-term surge in the price of molybdenum products in the early stage, and the recent poor performance of the steel bidding market and the international molybdenum market. 

A study shows that the Earth has enough rare earth minerals and other critical raw materials to allow us to switch from fossil fuels to green energy sources to generate electricity and limit global warming. The study shatters concerns about the availability of these minerals. There are concerns that there may not be enough key minerals for decarbonization conversion in order to drive more electricity from solar panels, wind turbines, hydro and nuclear power plants.