Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices were in the upward trend in the week ended on Friday November 6, 2020 due to increase trading activity in the market. 

China molybdenum price was in the upward trend in the week ended on Friday November 6, 2020. Although downstream demand failed to meet market expectation, under the relative inventory shortage, molybdenum chemical and product enterprises had strong raised mentality. 

Analysis of latest tungsten market from Chinatungsten Online

China ammonium metatungstate (APT) and tungsten carbide powder prices continue to be in the upward trend in early November when the US presidential election is the focus of the world. The result remains unknown by now because not enough votes have been counted yet for either Donald Trump or Joe Biden to claim victory.

Rare earth market quotation in China: terbium oxide, neodymium oxide and dysprosium oxide prices are in the upward trend in the week began on Monday November 2, 2020 under the complex background. 

China molybdenum price is in the upward trend in early November despite the market is still in a stalemate. However, with the support of high production cost, molybdenum mining enterprises have strong rised mentality. In addition, smelting factories do not consider profit-taking anymore in order to avoid the risk of price inversion. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market is difficult to find a strong base to start a new round of price increase. On the one hand, the continued spread of Covid-19, geopolitical risk and other uncertain factors weaken market confidence all over the world; on the other hand, the new round of average tungsten forecast prices were declined lightly in this month. 

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to rise on November 4, 2020 with the impact of active market trading and increased transactions. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and molybdenum powder prices are unchanged from the previous trading day under the chaotic global market. Traders have different views on the market outlook. Therefore, trading activity is low. 

The Sino-US tech war continues to escalate. A private think tank in the US warned that as rare earths are indispensable in the production of electric vehicles and 90% of global rare earth produced in China, this means that China has a firm grasp of the US electric vehicle industry. They publicly called for the United States to use international cooperation to prevent China from restricting rare earth exports.

China Northern Rare Earth (Group) High-Tech Co., Ltd, (North Rare Earth) announced that after two years’ reorganization, the Gansu Rare Earth Group Co., LTD. (Gansu Rare Earth) has achieved high-quality development and its production capacity is among the top 3 in China.