Rare earth market quotation in China: terbium oxide, neodymium oxide and dysprosium oxide prices kept declining in the week ended on Friday April 23, 2021. In order to avid risk of price inversion, most suppliers were rational in offers. 

China molybdenum price kept firm in the week ended on Friday, April 23, 2021 with the impact of the rise in international molybdenum price and boosted market confidence. 

Analysis of latest tungsten market from Chinatungsten Online

China’s major tungsten producers and raw material consumers lifted up their bid prices for the second half of April, keeping in line with current market trend. The rise is expected to shore up market confidence and promote suppliers to hold offer prices firm in the short term. 

The whole rare earth market in China is tepid in the week began on Monday April 19. Downstream magnetic material companies generally focus on just-needed replenishment, which is the main reason for the lack of upward adjustments in supplier quotations. 

Molybdenum market quotation in China: sodium molybdate, ammonium heptamolvbdate and molybdenum bar prices remain weak adjustment under lower-than-expected steel tenders and declined international molybdenum prices.

Biden's 'Made in America' slogan in the field of electric vehicles (EVs) would spur the use of rare earths. US Washington Times's article said Biden's 'Made in America' for electric vehicles would benefit China, or it will make China increased America’s dependence on this communist country. China not only occupies most of the global production of advanced batteries but also abundant with the rare minerals required to manufacture these batteries.

A British company, Advanced Electric Machines (AEM) has released what it believes to be the world's most sustainable electric vehicle motor. Its new motor does not contain rare earth magnets, but it is said to provide all the performance and efficiency benefits, and has more advantages than conventional permanent magnet motors without considerable environmental drawbacks.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to be on the upward trend on April 20, 2021 due to lower spot availability caused by environmental protection. In coming days, participants mainly wait for bid prices from China’s key primary consumers. 

Lanthanum oxide price remains unchanged while terbium oxide and dysprosium oxide prices decline slightly on April 21, 2021. Although global manufacturing industry is recovering gradually and the COVID-19 is contained in China, end users are still negative and thus new increased orders are limited. 

Molybdenum market quotation in China: ferro molybdenum, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day on April 21, 2021. In the face of weak domestic demand, international market also is quiet and offered are hard to increase.