The domestic rare earth market is experiencing a situation where prices are rising but actual transactions remain limited. Several factors are influencing this trend, including the slow pace of production capacity release by rare earth manufacturers, low willingness of suppliers to sell, and an increase in downstream inquiries. 

Analysis of latest tungsten market from Chinatungsten Online

On the first trading day after the Chinese New Year, tungsten prices remained stable. 

The domestic molybdenum market remains stable, with a balanced supply-demand relationship and limited policy impact. As a result, traders are adopting a cautious wait-and-see approach, leading to low market activity and slow order growth.

According to Reuters, India's Finance Minister Nirmala Sitharaman stated during her annual budget speech on February 1st that India has scrapped customs duties on waste and scrap from a dozen critical minerals, including those of antimony, cobalt, tungsten, copper, lead, zinc, as well as waste and scrap of lithium-ion battery.