Rare earth market quotation in China: prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide pull back after previous highs in early June. With the declined influence of the policy side, the contradictions in the market fundamentals have re-emphasized. In addition, the recent enthusiasm for purchasing has weakened, so most companies are cautious, waiting for further directions. 

Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium heptamolvbdate and molybdenum powder are unchanged from the previous trading day. Supported by firm molybdenum concentrate market, sellers were reluctant to reduce product prices despite of pressure of weak demand. The new offers for molybdenum concentrate from Heilongjiang large molybdenum mine stood at RMB 1,840-1,870/mtu, which boosted the whole market. 

Tungsten armor-piercing ammunition has been developed successfully in Vietnam according to the report from the Vietnam Army Defense Channel on May 17th. After a series of live test, US M548 crawler-type chassis are modified to 37mm, 76mm, 85mm and 105mm self-propelled guns respectively in the rifle ground of the 9th Military Region in Anjiang Province, western Vietnam.

Tungsten exports and copper imports market changes will reflect the world economic situation in advance. They are both high-profiled issue and become very important factors to this long-term Sino-US opposition. 

Rare earth ore has been discovered in Vanadium-Titanium magnetite area in Hongge Panzhihua city. Through the 1:50,000 mineral geological survey, the Permian (262.4~258.9Ma) igneous carbonate-fluorocarbon strontium mineralized alkaline complex was first discovered.

U.S. President Trump officially announced that the United States unilaterally withdraws from the Iranian nuclear agreement at 2 p.m. local time on the 8th. It is also prepared to restore all the sanctions against Iran that were abandoned in order to implement the agreement and impose additional economic penalties. In short, the Middle East gunpowder barrel has been ignited by Trump. It is inevitable that Iran, Israel and Saudi Arabia will start a new round of armaments. As an important military material, tungsten demand may be pushed up.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices remained unchanged from last week. The downward trend in the first half of this year has caused market confidence to be frustrated. The downturn in the back-end manufacturing industry and the shrinking orders of downstream enterprises also made traders show dark predictions about the late market. Smelting factories slowed down activities of purchase and sales, facing pressure of price inversion.

Rare earth market quotation in China: domestic rare earth price showed signs of drop with the declined influence of relevant policies for rare earth industry regulation. In the first half of this month, although sharp prices of rare earth concept kept strong, the spot market has begun to face pressure of imbalanced market supply and demand. Under the traditional off season and high prices of rare earth elements, the back-end consumer orders have decreased. 

Chinese molybdenum prices were in a stalemate when most market participants paid more attention to offer levels of major mine enterprises and steel tenders for ferro molybdenum. Due to the persistent weakness in the demand side, manufacturers are not optimistic about the outlook but the tightening availability of raw materials and high production costs still support the market. In the short term, the market would stabilize. 

Tungsten as well as other rare metals may relay rare earth to be the future strategic resource concept stock based on the recent market performance. Recent rise of rare earth leading stocks is staggering. Jinli permanent magnets (62.300, 2.50, 4.18%) have seen the largest increase of more than 3 times since the end of the period at 18.44 yuan on 8th May;