Recently, Jiangxi Daishan Tungsten Industry brings in IMS microseismic ground pressure monitoring system for its tungsten mining, it is cooperated with Shanghai Pengxu Information Technology Co., Ltd. 

As a strategic resource in the Sino-US trade war, rare earth has attracted special attention around the world. China's goal is to maintain the green and sustainable development of rare earth industry.

Of rare earth resources, China has an absolute advantage, will this be a breakthrough for China to the United States in the Sino-US trade war from the frontline investigation? So, what is rare earth and how important are rare earths? Why it is hard for the United States to catch up with us.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to decline in the week ended on Friday June 21, 2019 as insiders, affected by the mood of panic, were hard to judge when the market will to bottom out. The whole spot market remained low trading activity and transaction prices showed signs of decline.

Rare earth market quotation in China: the latest prices of neodymium oxide and praseodymium neodymium oxide climbed slightly while europium oxide price stabilized in early week. Recently, the market has tended to return to rationality, and the divergence of traders' expectations for the market outlook is mainly reflected in the light rare earths.

Opening this week, Chinese molybdenum prices remained unchanged from last week on continued imbalanced supply and demand and low trading activity in the whole market. In the molybdenum concentrate market, under stricter environmental protection inspection, the supply was tight while the demand side was weak. So most traders still waited for the next moves in the major production areas. 

Analysis of latest tungsten market from Chinatungsten Online

After China’s spot tungsten concentrate price fell below a level widely considered to be the break-even point for most producers in the country, many in the market has expected the price to bottom up.

Rare earth market quotation in China: the latest prices of terbium oxide, praseodymium oxide and neodymium oxide edged lowered on Friday June 21, 2019. Rare earth prices started to decline after a sharp rise in early June because the hype atmosphere brought by the macro-trade environment was lightened, and the industry returned to focus on the supply and demand of the spot market. 

Molybdenum market quotation in China: the latest prices of ammonium molybdate, molybdenum powder and molybdenum oxide remained unchanged in the week ended on Friday June 21, 2019 as the softened raw material market and low activity in steel biddings made insiders uncertain for the late market trend. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices remained weak adjustment on continued weak demand side and sentiment of seeking for lower prices. The decline in new offer levels of listed tungsten companies shows it is may not the time for the market to bottom out.