At the beginning of the week, China’s domestic molybdenum market continued its stable operation as last week. Prices of ferro molybdenum, molybdenum oxide and powder maintain stability. 

Kingfisher Mining Ltd (KFM) has discovered high-grade rare earths at its 100% owned Mick Well rare earth elements (REE) project on the Gascoyne property in Western Australia.

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE  

PART I OF X

Brief Introduction to the Conflict between Russia & Ukraine and the Military Use of Tungsten

The Secure Critical Rare Earth Magnets (SCREAM) project would recover NdFeB magnets from end-of-life components in the UK through various technologies, including the HPMS process developed by HyProMag.

Scientists have developed an artificial intelligence (AI) system to help find new rare earth compounds. The type of AI used here is machine learning: it refers to software that studies a database of information (in this case about rare-earth compounds), identifies patterns and correlations, and then makes it possible to discover new potential matches for a database.

Tungsten West says it has broken ground on the first sod for a TOMRA XRT Ore Sorter (XRT) sensor-based ore sorter at its Hemerdon mine in Devon, England. The company said the event marks another important step in its plans to upgrade and refurbish the project's processing plant.

The Virtual Foundry, a manufacturer of metal 3D printing filaments, has released a new tungsten radiation shielding filament, the Rapid 3DShield Tungsten.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices maintain stability on March 24, 2022. Under the Russia-Ukraine conflict, rising commodity price, inflation, economic and trade conflicts, the tungsten industry is facing pressure from rising costs, especially the increase in the cost of auxiliary materials in the chemical industry and the price of cobalt in the cemented carbide industry. 

China rare earth price showed a slight downward trend as a whole in the week ended on Friday, March 25, 2022. In addition to the easing of supply and demand problems in the early stage, the limited support of favorable policies is also the reason why the consumer market has changed significantly. The advantage of the buyer's market is significantly improved, and it is difficult for the seller to stabilize the price.

China molybdenum price remained strong and stable in the week ended on Friday, March 25, 2022. Under the interweaving of many favorable and unfavorable factors, the price game between buyers and sellers has weakened slightly compared with last week, and the actual transaction volume has decreased.