China’s domestic rare earth market showed an overall high-level adjustment pattern in the week ended on Friday, August 06, 2021. At the beginning of the week, the prices of neodymium, dysprosium and terbium products increased significantly, and the prices of some products have exceeded the prices of the first quarter. 

China’s domestic molybdenum price maintained a strong upward trend in the week ended on Friday, August 06, 2021. Under the continuous stimulation of many favorable factors, buyers and sellers entered the market with high operating sentiment. At present, most industry players believe that the probability of a short-term decline in molybdenum prices is unlikely.

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) price is unchanged from the previous trading day on August 5, 2021, with participants becoming cautious and end-users not in urgent need of the materials. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices remain stable on August 3, 2021 when the market keeps quiet with cautious sentiment of participants. 

Rare earth market quotation in China: praseodymium oxide, cerium oxide and dysprosium oxide prices continue to increase on Aug. 4, 2021. Under the interaction of many positive and negative factors, the seller's market has a greater advantage. 

China’s ferro molybdenum and molybdenum oxide prices edge higher on Aug. 4, 2021 compared with the previous trading day. The active steel tender market and the continued tightening of molybdenum raw material supply are the main sources of motivation for the industry to be optimistic about the market outlook. 

RareX Limited announced that the company's major upgrade of the resources of the Cummins Range Rare Earths Project in its 100% owned equity in the Kimberley region of Western Australia (WA). This move is a significant step towards the development of the long-lived rare earths business.

Strategic Metals Limited ("Strategic") announced that the recently completed exploration and soil sampling program at the Alotta porphyry gold-copper-molybdenum project has achieved promising results.

The Northern Territory Government of Australia is expanding new opportunities for gold, copper, nickel, natural gas, helium, and tungsten exploration in brownfield, and 18 projects of 15 companies in the country have received subsidies under the latest geophysical and drilling cooperation program.

Market participants said that due to stable demand from steel manufacturers and the tight supply of concentrate raw materials to support the alloy market, it is expected that China's molybdenum (Mo) prices will remain firm in the coming week.