Analysis of latest tungsten market from Chinatungsten Online

Since late October, although the impact of international energy prices has continued, with the effectiveness of domestic measures to ensure supply and price stabilization, domestic energy and raw material costs have dropped significantly. Coupled with industry concerns about the off-season consumption in the fourth quarter, market bearish sentiment has increased. Sellers considered profit-taking while downstream buyers sought for lower prices. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices continue to increase at the beginning of the week. 

China molybdenum market is in a stalemate at the beginning of the week. Under the background that steel companies enter the market for bidding, raw material prices are close to the cost line and their supply is difficult to increase, holders have a strong sense of reluctance to sell at low prices. 

The first hole of Venture Minerals' new drilling confirms the continuity of the high-grade zone at its Mount Lindsay tin-tungsten project in Tasmania. Hole ML339M intersected 93 metres of mineralization grading 0.5% over 107 metres, including a high-grade zone of 12m at 1.7% tin equivalent from 113m.

iTech Minerals, in the battery and critical metals sector, has confirmed rare earth potential following a re-analysis of historical drill core from its kaolin project in Ethiopia, located on the Eyre Peninsula in South Australia.

South Korea's Center for Multidimensional Carbon Materials (CMCM), part of the Institute of Basic Science (IBS), has announced that a research team has discovered the core principles affecting the growth of large-area single-crystal dichloride, ANI reports, citing Global Economy. The researchers, in collaboration with a Chinese research group, have successfully produced core dichloride materials such as tungsten disulfide (WS₂) as wafer-level single-crystal transition metal dichloride (TMD), laying a foundation for the development of next-generation semiconductor.

Australian Tasmanian tungsten producer King Island Scheelite will start its Dolphin tungsten project next month, 31 years after the mine was closed due to low prices. The company changed its name to Group 6 Metals, which previously described Dolphin as "one of the world's richest tungsten deposits".

The US and Australia’s officials in Singapore agreed to cooperate further on the rare earth supply, which are critical to the production of clean energy technologies such as electric vehicles.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is unchanged from the previous trading day on weak support from the cost and demand sides. At the end of the year, industry players have certain concerns about the low consumption and the return of market capital, and thus they will mainly take a watchful stance. 

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium metal prices continue to edge higher in the week ended on Friday, November 26, 2021 but with limited orders concluded in the market.