Molybdenum market market on August 7, 2023: At the beginning of the week, the overall Chinese molybdenum market maintained a relatively strong operation, mainly due to the support of the fair steel bidding price, the small market spot supply and the warming up of the international molybdenum market. 

China rare earth price showed mixed ups and downs in the week ended on Friday, August 4, 2023. Under the influence of many uncertain factors, the price of praseodymium and neodymium moved up slightly, while the price of dysprosium, terbium and gadolinium was stable and weakened, and the market turnover was lower than expected.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT) and tungsten powder prices continue to keep stable on August 3, 2023 when the market is quiet. 

China molybdenum price increased sharply in the week ended on Friday, August 4, 2023. Under the situation of tight supply of molybdenum raw materials and good downstream demand, traders’ speculation has generally warmed up, and the trading activity on the market has increased.