Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy and different performances in supply and demand, different varieties in the industry chain show divergent price trends amid tungsten concentrate price declines slightly, APT price keeps firm and tungsten powder price maintains stability.

Chinese rare earth price maintains stability at present. The listing prices of Southern Rare Earth are unchanged compared with last week, which cannot form an effective guidance to the market. The supply side with little pressure of selling is waiting for the new guide from the policy and news, so the buying interest is not high. Given that, Chinese rare earth market would mainly focus on rigid demand.

Molybdenum price in China: the latest price of molybdenum powder, molybdenum concentrate and ammonium molybdate is unchanged from the previous trading day. At present, the tightening availability of molybdenum raw materials offers support to sellers while the quantity of steel biddings is poor and terminal demand is not improved. As a result, the deadlocked supply and demand will continue and traders remain low buying interest. With the consumption of inventories, Chinese molybdenum price may rebound.

Last week both the European spot and Chinese export ammonium paratungstate (APT) markets saw a rise in interest and associated price jump, amid persistent worries about Chinese tungsten supply disruptions.

A focus on recovery at the Drakelands tungsten project in Devon, in the UK, and the increase in the tungsten price bolstered Aim-listed specialist metals miner Wolf Minerals during the quarter ended March 31.

New research shows how and where tungsten accumulates in bones of mice exposed to the element through drinking water. The findings, by a team of chemists and biologists at McGill University, could add to doubts over the once-universal assumption that tungsten poses little or no health risk to the general human population.

Tungsten Mining says it’s put its foot on more “significant” tungsten and molybdenum mineralisation at a West Australian project known as Mt Mulgine.

Analysis of latest tungsten market from Chinatungsten Online: Opening this week, the trading activity in the whole tungsten market is low, mainly affected by increased shipments of tungsten ore enterprises leading to buys following up slowing last week. High-price transactions are hardly concluded in the previous stage, so under the weak supply and demand, tungsten price lacks strength to rise.

Rare earth market quotation in China: the latest price of lanthanum oxide and dysprosium oxide is unchanged from the previous trading while praseodymium neodymium metal price drops slightly. As downstream customers follow up slowly, rare earth manufacturers face great inventory pressure. Considering high stock-holding cost of sellers, plus the environmental protection cost, traders mainly wait and see. The short-term market would be in heavy short atmosphere and market price maintains weak adjustment.

International molybdenum oxide price rises slightly, which do not active the market in China. At present, molybdenum smelting factories, chemical and product enterprises keep high product prices owing to high production costs. The average price in Chinese molybdenum mines hovers around RMB 1,640/t and mainstream transaction prices of molybdenum concentrate are RMB 1,630-1,640/t. In the short term, the tightening availability of low-price molybdenum raw materials will continue.