The Chinese government is to restructure three rare earths producers to create a state-owned company with a nearly 70 percent share of the domestic production quota for the metal, which is vital for making high-tech products. The move is aimed at accelerating the development of resource and processing technologies and strengthening Beijing's control over the mining industry in response to long-standing trade tensions with Washington.

Rare earth market quotation in China: europium oxide, lanthanum oxide and cerium oxide prices maintain stability while terbium oxide and praseodymium neodymium oxide prices are weak on November 3, 2021. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten powder prices continue to remain stable in early November, 2021 affected by the instability in the macroeconomic and trade environment, repeated epidemics, global inflation and energy shortages. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to decline slightly on November 3, 2021. As the market faces many instabilities, both buyers and sellers remain cautious and are not willing to make a concession.