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Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten, tungsten carbide powder and tungsten bar prices continue to remain weak adjustment in the middle of May 2022 as the whole market keeps quiet. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices remain weak adjustment on May 10, 2022 as the weak demand continues to affect the whole market sentiment.

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices edge higher in the middle of May 2022. With the gradual increase of favorable factors, many suppliers tend to uphold prices, so the transaction prices of mainstream products have risen and the industry has greater expectations for a better market outlook.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are in the downward trend in the middle of May 2022. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning the of week, China’s domestic tungsten price continues to remain stable because market demand and supply are in a stalemate, environmental protection and logistic constrained limit the supply of spot resources, and COVID19 and Russia-Ukraine conflict affect the upstream supply chain. 

According to the Guardian, trillions of potato-sized nodules of rare ears have been discovered on the Pacific seabed, and mining companies are planning a deep-sea gold rush for rare metals, including rare earths and Mg. Mining companies hope to set global rules to open up industrial-scale deep-sea mining as early as July 2023.

Canada Rare Earth Corporation (CRE) has reached an agreement in principle to acquire a rare earth refinery. Peter Shearing, the company's chief operating officer, said, "The refinery is based on technology already deployed by other rare earth processors and can produce approximately 3,000 metric tons of complete rare earth oxides."

Taseko Mines (TKO) said its first-quarter 2022 copper (Cu) and molybdenum (Mo) production was down year-on-year, mainly driven by lower ore grades and recoveries from mining in the upper levels of the Gibraltar pit, according to Kitco News.

Molybdenum disulfide (MoS₂) holds great promise in hybrid Mg-Li battery due to its fast two-dimensional ion diffusion channels. A new work published in ACS Applied Energy Materials focuses on the development of highly distributed MoS₂ nanoflowers as cathode materials for magnesium-lithium batteries to increase capacity and lifetime.