IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART III OF X

The Price Trend of Tungsten Under the Background of the Russia-Ukraine Conflict

Tungsten West Plc, an AIM-listed company, which bought the world's third-largest tungsten resource - Plymouth Tungsten Mine - for £2.8 million in 2019, said it will spend £45 million to upgrade and refurbish the mine's processing plant.

A team of researchers from Chimie ParisTech, CNRS, Strasbourg University, and Karlsruhe Institute of Technology researchers in France and Germany has discovered a new material for processing quantum information with light: a rare earth europium molecular crystal containing nuclear spins that can undergo quantum technology.

China rare earth price showed a general downward trend as a whole on March 30, 2022. Under the situation that the negative atmosphere in the market became more and more obvious, the mentality of traders was divided, that is, the panic of suppliers was not reduced and the buyer's wait-and-see mood was strong, so there were few new orders in the market. 

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices increase slightly on March 30, 2022 with the support of low spot inventory of molybdenum raw materials, the heating up of the steel tender market and the slow domestic and foreign logistics and transportation. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices in the Chinese market maintain stability at the end of March, 2022 as most participants take a watchful stance. 

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART II OF X

Overview of Russia’s Tungsten Resources and the Relationship with China Tungsten Industry

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, the tungsten powder and tungsten bar prices in the Chinese market remain stable with the support of increased long-term contract prices from large companies, APT processing fees, and price increases of cemented carbide products. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the week ended on Friday, March 25, 2022 despite of deadlocked supply and demand in the market. 

At the beginning of the week, China’s praseodymium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline. Affected by weak downstream demand and insufficient support from favorable policies, suppliers are generally more willing to take the initiative to ship goods in order to obtain more orders.