Analysis of latest tungsten market from Chinatungsten Online

China tungsten market remains strong at the beginning of the year 2022. Tungsten association increased the average tungsten forecast prices for January, and listed tungsten companies raised their bid prices for the first half of this month as well. 

China molybdenum price kept stable and firm in the first trading week in the year of 2022 began on Tuesday January 4 when suppliers have strong rised mentality and steel tenders became active. 

China rare earth price has continued to rise as a whole in the first trading week in the year of 2022 began on Tuesday January 4. In the context of supply and demand imbalances, buyers and sellers have different mentalities, that is, sellers have a higher awareness of selling and raising prices, while buyers have a strong sentiment of lowering prices in order to avoid the risk of inversion. 

JL Mag Rare-Earth Co., Ltd., a manufacturer of rare earth permanent magnets, expects new energy vehicles (NEVs) to account for most of its sales in the coming years, according to the company's chairman.