Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten carbide powder prices continue to maintain stability on August 25, 2021 as the market is still in a stalemate. 

China’s domestic rare earth market is in a dilemma as a whole on August 26, 2021. Under the influence of the second round of the fourth batch of central ecological and environmental protection inspections, natural disasters such as mountain torrents and typhoons, and power rationing in many places, the difficulty of mining by domestic rare earth mining companies increases and thus output decreases. 

China’s domestic molybdenum market generally maintains stable on August 26, 2021. Under the situation of high molybdenum raw material prices and low spot positions, buyers and sellers are in a stalemate.

BCM Resources (the “company” or BCM) is pleased to announce that core drilling is continuing in mineralized quartz monzonite porphyry (QMP) intrusive rocks at its Thompson Knolls (TK) porphyry Porphyry Cu-Mo-Au system discovery. In the spring of 2018, BCM discovered this by drillhole TK18-1 in Millard County, Utah, the US.

Do you know the two types of minerals necessary for the human body? These go by the name of major minerals (macrominerals) and trace minerals (microminerals). Although these two minerals are equally important, the demand for microminerals is much less than that of the main mineral, and molybdenum is one of the microminerals.

The Australian company Greenland Minerals said on Tuesday that it will not participate in public meetings on Danish territory in August, to hear community feedback on the Kvanefjeld rare earth project. The reason for not being absent is safety issues.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices keep stable and firm in the second half of August amid concerns about higher replacement costs and currency fluctuations owing to shipment delays. 

China’s terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices pick up slightly on August 25, 2021. The slow follow-up of demand and the heavier psychology of lowering prices have become the main factors hindering the increase in the price of rare earth raw materials. However, due to the limited spot inventory and the support of production costs, suppliers are also reluctant to reduce prices and thus orders are limited. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum powder prices increase slightly on August 25, 2021. Affected by the short supply of raw materials, holders are willing to keep prices. However, as the price of raw materials rises, consumption is not followed up, some industry players say that the molybdenum market may maintain stability in the short term.

The Australian-based corporation Newcrest Mining Limited revealed that it has begun commissioning another molybdenum plant at the Cadia Gold Mine in New South Wales. Sandeep Biswas, Newcrest's managing director and CEO, announced the news during the company's fourth quarter earnings conference call.