According to British Financial Times, China is exploring the possibility of restricting rare earth exports and assessing how much impact this move will have on US military companies. The article stated that this type of material is essential for the US to manufacture advanced weapons and equipment such as F-35 fighter jets.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China continue to rise in late February as the raw materials are tightening available in the market. Purchasers have got the purchasing plans but some sellers stop quoting for some products. The market has prices but no sales. 

Rare earth market quotation in China: praseodymium oxide, lanthanum oxide and neodymium oxide prices are in the upward trend on February 25, 2021. But downstream buyers are not willing to purchase at high prices and deals rarely concluded. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are in the upward trend on February 25, 2021 thanks to raw materials shortage and active trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to keep firm on February 23, 2021 despite of inactivity in the spot market. However, high production costs, the rise in new average tungsten forecast prices for late February, prices of downstream alloy products and commodity metal prices push market price higher. 

Rare earth market quotation in China: cerium oxide, lanthanum oxide and terbium oxide prices continue to rise on February 24, 2021 under the gradual recovery of the global market. However, as downstream buyers do not accept high prices, new increased orders are limited. 

China molybdenum price shows a steady and progressive trend on February 24, 2021. Under the background that the global epidemic is well controlled, the prices of bulk commodities have risen, coupled with the good atmosphere of the international molybdenum market, domestic molybdenum chemical companies are willing to trade. 

The Chinese government is currently conducting a review of rare earths policy. The Ministry of Industry and Information Technology of China has recently reported that it is seeking opinions on the formulation of 17 rare earth mineral production and export control laws. According to a source, China may ban the export of rare earth refining technology to countries or companies that threaten national security.

China's government consultants revealed that Chinese officials are exploring ways to restrict rare earth exports, and Lynas Rare Earth Company accelerates its deployment in the US, according to Australia Finance Online report.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China remain firm in the week began on Monday February 22, 2021 with the support of high production costs and the rise in other commodity metal prices.