Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices are in the upward trend at the end of October owing to tightening availability of raw materials and high production costs. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price is mainly stabilized on October 20, 2021. Based on the expectation that the short-term tight supply and firm offers, the industry generally believes the tungsten market is likely to stabilize in the fourth quarter, and it is not ruled out that small price adjustments caused by price fluctuations of raw and auxiliary materials or other news, but there is limited room for market adjustments. 

China’s terbium oxide, neodymium oxide and dysprosium oxide prices are in the upward trend in the second half of October, 2021. In addition to being supported by the tightening of raw material supply and increasing market demand, the continuous introduction of favorable policies has also greatly enhanced suppliers' confidence in price increases. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge lower on October 21, 2021 as the market is in a stalemate. 

Canada, Germany, Japan and the US have each announced domestic and international initiatives to support the development and production of medical radioisotopes. These include a $35 million federal grant to support the commercial production of molybdenum-99 (Mo-99) in America; the production of actinium-225 (Ac-225) in Japan using a new linear accelerator-based technology; and collaboration between Canada and Germany to explore the production of Ac-225.

Greenland Resources Inc. recently announced that its company has established a European Advisory Board for the purpose of providing strategic and technical input to company decisions regarding relevant stakeholders in the European industrial ecosystem, particularly regarding the development of the Malmbjerg molybdenum deposit in eastern Greenland. To this end, Mr. Jens Moberg will join as a senior advisor.

Medallion Resources Ltd ("Medallion" or the "Company") provided an update on research conducted with Purdue University to advance and optimize ligand-assisted displacement (LAD) chromatography for rare earth elements (REE) separations. As reported on February 18, 2021, Medallion is the exclusive licensee of this breakthrough environmental technology for all raw materials of non-coal origin.

6K Additive has announced the commercial production of refractory metal powders such as tungsten, rhenium and niobium for 3D printing to achieve space applications. Refractory metals are notable for their ridiculously high melting points, making them difficult to manufacture, but useful in high heat, high pressure applications in space, aerospace, medicine and defense. Turning these metals into powder is accomplished with 6K's proprietary microwave plasma system, UniMelt.

New research led by scientists at Penn State University and Lawrence Livermore National Laboratory (LLNL) suggests that a bacterial protein could provide a more environmentally friendly way to extract rare earth elements (REEs), from mine tailings and electronic waste and separate them other metals and from each other. A paper on this work was published in the ACS Central Scientific.

Europe is working to wrest back control of its rare earths magnet supply chain from China. The US has developed a funding and policy strategy to build its domestic rare earth capacity. Permanent magnets, often using neodymium-iron-boron chemistry, are one of the hidden drivers of modern technology, powering everything from robots to refrigerators to speakers in laptops.