Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintained stability in the week ended on Friday September 24, 2021. On the one hand, the market was affected by the holidays of Mid-Autumn Festival and National Day; on the other hand, the stability of long-term contract prices for the second half of this month made the market in a stalemate. 

At the beginning of the week, China’s domestic rare earth market generally showed a sideways pattern. As downstream users were extremely cautious in purchasing raw materials, the price of rare earths was obviously difficult to rise.

At the beginning of the week, China’s domestic molybdenum market was slightly weak. Affected by many uncertain factors, traders were obviously hesitant to enter the market, so the spot liquidity was not good, and the industry's views on the market outlook were quite different.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to stabilize in China as new guide prices from listed tungsten companies reduced slightly. 

The skyrocketing price of rare earth may result in higher electronics prices, as the supply chain of the semiconductor industry is largely depending on natural resources. Nikkei reported that we are at an inflection point in the semiconductor industry-mainly due to its most basic main substances, such as rare earth elements (REEs), copper, lithium or tin, which are used to make semiconductors. The supply chain weakened by COVID-19, soaring demand and the tense political situation between China and the United States are the main forces behind the price increase.

Lotus Resources discovered high-grade rare earth oxide materials in Milenje Hills last year. The company has recently begun exploration activities in the rare-earth target area of Milenje Hills within the Kayelekera Uranium Project in Malawi, which has a long history in Malawi.

Plans to begin mining rare earths and other resources on the moon in 2025 recently took a new turn when NASA granted $500,000 to a research team at the University of Arizona to develop robots. The robots, which will be built and trained on Earth, will initially take instructions from operators on the planet, but the goal is to make them fully autonomous, the university said.

American Resources Corporation, a next generation and socially responsible supplier of raw materials to the new infrastructure marketplace, today announced it has engaged Rodney Campbell, President and founder of Advanced Minerals, Inc., to spearhead and assist with the collection and analysis of the Company's controlled, carbon-based rare earth element (REE) feedstocks.

European automakers are in discussions with Australian rare earths explorer Arafura Resources Ltd. about sourcing rare-earth elements that could help power electric vehicles from outside China, which dominates global supplies.

Northern Minerals has advanced its ore sorting project improvement program by commissioning and testing the Steinert sorter system. Steinert XRT ore sorter tests show promise for its rare earths project.