Amanda Lacaze, chief executive of Australia's largest rare earths company, Lynas Corp, delivered a speech at the critical minerals conference at the Perth USAsia Centre on Tuesday, criticizing manufacturers outside China for the pursuit of cheap materials and result in a twisted market.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in China tend to stabilize due to wait-and-see atmosphere in the market. Upstream traders' profit-taking mentality are raised, so the supply in the spot market has been increased recently. In the meantime, insiders worry the increased supply may affect product prices and thus sellers become cautious. 

Rare earth market quotation in China: the latest prices of praseodymium oxide, lanthanum oxide and praseodymium neodymium oxide continue to be in the downward trend because the trading atmosphere is not good, and the completion of the order is lower than expected. 

Molybdenum market quotation in China: the latest molybdenum concentrate and ferro molybdenum prices decline slightly while molybdenum oxide price is unchanged from the previous trading day. Affected by the drop of international molybdenum prices, domestic market is full of low atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices are in a relatively high level in the week began on Monday August 14, 2019. Since mid-September, the end of Fanya APT stocks, firm guide prices for this month and speculators entering the market have been raised the market's strong rised mentality. The current spot prices of tungsten have basically reached the expected level of the industry. But high-price transactions are hardly to be concluded. 

The "Tungsten Explorer" drill ship provided by Vantage will be in service to drill "Nigma 1" well in Egypt. According to the Pipeline Oil and Gas Magazine on October 13, the US ADES International Holdings was awarded a deep-water well drilling contract in offshore Egypt.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten market in China kept firm in the week ended on Friday October 12, 2019 partly affected by the rise in new guide prices from institutions and listed tungsten companies. Sellers raised psychological prices of raw materials and were reluctant to sell products as they had certain profit margins. But considering rare deals concluded at high prices, insiders have mixed feeling about the outlook. 

Rare earth market quotation in China: domestic rare earth prices continue to be weak in early this week. Recently, under the influence of relatively quiet news and the global manufacturing industry downturn, the market confidence is insufficient, and there is a certain resistance to the back-end demand order volume. 

China molybdenum prices are unchanged from the previous trading day as the market is still in a stalemate and insiders remain their cautious sentiment. in the molybdenum concentrate market, offers are in the chaos. Under the low inventories and weak ferro molybdenum market, supplies are different in their offers.  

Russia's Polymetal will consider investing in the country's largest rare earth project Tomtor, which is being developed by the gold and silver producer's top shareholder. The chief executive of the company Vitaly Nesis said, according to the report of MOSCOW (Reuters).