China molybdenum price is not changed from last week as the imbalance in supply and demand still exists. Most downstream buyers remain cautious sentiment while upstream companies quote rationally. But it seems impossible for further price decline. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to maintain stability with limited spot trading in the market after many suppliers had sold out their cargoes available for this month.

Rare earths metals firm Pensana has today announced that it is exploring a partnership with China Great Wall Industry Corporation (CGWIC) to develop its flagship mine in Angola, the Longonjo rare earth mine, which is scheduled to start production in 2022 and is located on top of the world's largest praseodymium-neodymium deposit.

Lithium Australia NL ('LIT') said it will refocus operations on battery recycling and sales, cutting costs and jobs as it seeks to weather a slump in raw materials prices exacerbated by the coronavirus pandemic. The company is further reducing expenditures and providing the greatest support to the business units closest to positive cash flow to benefit shareholders. It said it would reduce the number of workers, but did not specify the number of layoffs.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China continue to remain stable in the wake of high average tungsten forecast prices boosting market confidence. Suppliers in the raw material side try to raise product prices while most downstream users hold cautious sentiment. 

Rare earth market quotation in China: praseodymium neodymium oxide price declined from 296,000.00 RMB/ton to 295,000.00 RMB/ton, praseodymium neodymium metal price declined from 375,000.00 RMB/ton to 374,000.00 RMB/ton. 

Molybdenum market quotation in China: the ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices remain weak adjustment under heavy wait-and-see atmosphere in the market. At present, most insiders are waiting for new round of steel tenders.

India has sought cooperation in lithium mining and supply from Argentina, Bolivia since February, and Chile in the "lithium triangle" region of South America. Last week, Khanij Bidesh and the Argentine mining company Hu Jujuy Energia y Mineria Sociedad del Estado (JEMSE) signed a strategic cooperation agreement on exploration and the product supply.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China tungsten market show signs of rise due to the higher forecast prices from Ganzhou Tungsten Association (GTA) and listed companies. Although insiders are not optimistic about the outlook, the supply and demand sides are offering support for the market. 

Rare earth market quotation in China: terbium oxide price continues to rise slightly while prices of europium oxide, neodymium oxide keep stable. Now market transactions are in a stalemate without support from the policy side.