China rare earth price was very strong in the week ended on Friday, October 29, 2021. Under the background of insufficient supply of raw materials and frequent favorable policies, traders have generally high speculation sentiment. However, due to limited funds and in order to avoid the risk of inversion, downstream users basically maintain rational consumption.

China molybdenum price edged lower in the week ended on Friday, October 29, 2021 affected by poor performance in the steel tender market. But the room for price decline is limited as the stock of molybdenum raw materials is in a low level and the cost of production is high. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices in the Chinese market continue to keep firm at the end of October because the market is still in a stalemate. 

China rare earth prices are still showing a steady upward trend on October 29, 2021 Under the combined effect of supply reduction, increasing demand and favorable policies. The transaction prices of many mainstream products have reached new highs during the year. 

China molybdenum price remains weak adjustment on October 28, 2021 because the steel tenders failed to meet market expectation and the international molybdenum market’s support capacity is limited. 

Xiamen Tungsten Co., Ltd. (XTC) New Energy Materials (Xiamen), China's largest manufacturer of cathode active material (CAM) for lithium-ion batteries, has signed a supply agreement with Jingmen GEM, a wholly owned subsidiary of Green Eco Manufacturing (GEM), a major cathode active material precursor producer, to strengthen cooperation in the supply of cathode active material precursors.

In October 2020, to develop an integrated leading high-tech tungsten mining platform, Masan High-Tech Materials signed an agreement with Japan's Mitsubishi Materials Corporation to establish a strategic alliance. The deal validates Masan's transformation into a vertically integrated high-tech tungsten platform and asserts its position as a global producer of high-tech materials.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices remain stable on October 26, 2021 because most participants hold cautious sentiment despite of strong rised mentality of raw materials. now the inquiry from domestic buyers or overseas buyers is limited on the whole.

Rare earth market quotation in China: lanthanum oxide, dysprosium oxide and praseodymium oxide prices continue to keep rising on October 27, 2021 due in part to the short supply of raw materials. 

Molybdenum market quotation: ammonium molybdate, molybdenum powder and molybdenum bar prices decline slightly on October 27, 2021 as the market lacks of liquidity.