The latest prices of molybdenum powder, molybdenum oxide and molybdenum bar are unchanged from the previous trading day. Although factories’ operating rate increases, spot goods in the molybdenum raw material market remain tight. Enterprises have relatively good mentality in Chinese market.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices remained weak adjustment last week to Friday September 7, affected by environmental protection policy, deadlocked supply and demand and lowered tungsten guide prices from Ganzhou Tungsten and tungsten institutions. 

Rare earth market quotation in China: domestic rare earth price continued its stability earlier in this week, affected by the low operating rate of mines. Although manufacturers have strong rised mentality, market trading is thin without supports of the demand side. Considering the quiet news from the policy side, the market will be caught in wait-and-see atmosphere. 

The latest prices of sodium molybdate and ammonium heptamolvbdate rose slightly earlier in this week while molybdenum bar price edged lower in Chinese market. The production in mines increases, but the demand remains weak. The deadlocked supply and demand make businesses more cautious on trading. Moreover, steel tenders for ferromolybdenum becomes quiet. Market participants tend to wait and see.

China's tungsten market in 2017 demand improvement and price rise is a welcome change, so far, in the price trend and price bottom line, the Chinese market is still optimistic about this view. (source: London Metal Bulletin)

At the 51st International Consumer Electronics Exhibition (CES) held in Las Vegas on January 9, 2018, Hyundai Motor Group unveiled a new generation of hydrogen fuel cell vehicle NEXO based on customizable platform, which is scheduled to go on sale in early 2018. This is the first of two fuel cell electric vehicles launched by Hyundai Automobile Group in 2020, which attracted wide attention of the media and audience. The car has a range of 595 kilometers, can be filled in five minutes, and will be equipped with mobile charging station to provide mobile charging service at any time.

Analysis of latest tungsten market from ChinaTungsten Online

Ganzhou Tungsten Association (GTA) and large tungsten enterprises have lowered tungsten price forecasts for September in response to recent decline in prices on concerns of the continuous weakness in terminal demand. 

Rare earth market quotation in China: domestic rare earth price remains unchanged in the week to Friday September 7. As Chinese environmental checks lowers operating rate of factories, prices of praseodymium and neodymium related products show signs of rise, but limited by rare new increased orders. The whole trading atmosphere is low and market participants mainly wait and see the policy side. 

Sodium molybdate price is unchanged from the previous trading day while prices of ferromolybdenum, molybdenum concentrate and molybdenum oxide retreat in Chinese market. Most mines resume works gradually. The output is still limited, but spot goods in the raw material market increase. 

Tungsten Mining has signed an agreement to purchase GWR Group’s Hatches Creek tungsten project, located 375km north-east of Alice Springs in the Northern Territory of Australia.