Tungsten Prices Rise, Rare Earth Raw Material Prices Remain Strong, Minor Metal Sector Gains for Two Consecutive Days, Ningxia Orient Tantalum Industry Hits Limit-Up [SMM News]
Affected by tight supply on the mining side, tungsten prices continued to rise; meanwhile, pre-holiday restocking by rare earth metal plants, combined with maintenance at several separation plants starting in January, contributed to the trend. Domestic antimony prices remained stable, while overseas antimony prices surged dramatically. News of tight niobium supply driving niobium prices higher in late November also provided a boost. The minor metal sector continued its upward trend on January 7, following the rise on the 6th. As of the close on the 7th, the minor metal sector rose by 2.82%. In terms of individual stocks, Orient Tantalum Industry hit the daily limit, while Long Magnetic Technology, BOKE New Materials, Western Materials, and Eontec were among the top gainers.
