The overall Chinese molybdenum price has seen further increases, primarily reflected in the continuously rising prices of molybdenum concentrates and the active procurement inquiries from downstream users.

Analysis of latest tungsten market from Chinatungsten Online

In the first week of 2024, the overall Chinese tungsten prices remained stable, with subdued market sentiment. Operators showed little activity, and suppliers were reluctant to lower prices on the raw material side.

Analysis of latest tungsten market from Chinatungsten Online

The first round of price guidance from China’s Ganzhou Tungsten Association (GTA) and large tungsten enterprises in 2024 has been released, indicating a sideways trend in the tungsten market. 

At the beginning of the week, prices of mainstream light and heavy rare earths in China continued to decline. The price of neodymium oxide decreased by approximately 5,000 yuan per ton, the price of gadolinium oxide decreased by approximately 2,000 yuan per ton, and the price of dysprosium oxide decreased by approximately 50,000 yuan per ton.