China rare earth price has not changed significantly for the time being after the holiday of Chinese Lunar New Year due to the general influence of traders' initiative in entering the market. The current prices of praseodymium neodymium oxide and praseodymium neodymium metal are 960,000 yuan/ton and 1,170,000 yuan/ton respectively, and the prices of terbium oxide and dysprosium oxide are about 13,800 yuan/kg and 3,050,000 yuan/ton respectively.

China molybdenum market is relatively calm on February 8, 2022 after the holiday of Chinese Lunar New Year because many upstream and downstream enterprises in the industrial chain have not yet fully resumed normal operation.

Tungsten is an irreplaceable and non-renewable strategic metal resource in the field of national economy and modern national defense. It is the metal element with the highest melting point. Because of its excellent characteristics such as high melting point, high specific gravity, high hardness, strength and toughness and corrosion resistance, it is widely used in aerospace, shipbuilding industry, automobile manufacturing, electrical engineering, electronic information, chemical and petroleum, mining, iron and steel metallurgy, CNC machine tools, national defense and military and other important fields.

Strategic Minerals plc has started production of tin and tungsten from the Penouta mine at its Redmoor project, 25 kilometers from Plymouth, UK. Meanwhile, the crushing plant is in the final stages of commissioning.

Australian tungsten producer EQ Resources has been awarded a $600,000 grant from the Advanced Manufacturing Growth Centre to support high-tech sorting and recovery of the key mineral tungsten, an essential ingredient in cutting tools, welding electrodes, abrasives, and many other industrial applications.

Laos government officials have given permission to a Chinese company to mine rare earths on farms and grazing land in the country's northeastern provinces, however, compensation for displaced villagers has yet to be resolved, Lao sources say.

2021 is a year of great significance in China's development history and the beginning of the 14th-five-year-plan, also it is the 100th anniversary of the founding of the Communist Party of China.

I. China's Tungsten Market Had a Good Start in 2022

1. Price Trend of Tungsten Raw Materials from the End of 2021 to Jan. 2022

In the tungsten products industry chain, tungsten concentrate is the primary commodity of tungsten products after mining and concentration, and it is also the first production link of the tungsten products industry chain. The output volume, quality and market price of tungsten concentrate have a direct and decisive impact on the whole tungsten products market.

For the first time, researchers in China and Korea have grown large monolayer crystals of a 2D material known as tungsten disulphide (WS₂). These crystals, grown on a sapphire substrate, are more than 3 cm in diameter and may become an alternative to silicon in next-generation semiconductor technology.

A team of researchers affiliated with a U.S. institution has reported a way to use lanthanide–lanthanide bonds to create more powerful rare earth permanent magnets. In their paper published in Science, the team describes a technique to forge the chemical bonding of several lanthanide elements used in magnets.