China’s domestic molybdenum market as a whole maintains a stable operation on August 11, 2021 supported by the tight spot supply of some molybdenum chemical products. Traders are reluctant to sell their stocks and have a strong bullish sentiment. However, due to the high cautiousness of downstream users in purchasing, the actual transactions are limited.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to keep firm at the beginning of the week when the whole tungsten market is in a stalemate and participants take a watchful stance. 

A recent report by Roskill praised the efforts of some countries in establishing a diversified rare earth supply chain in Africa, but pointed out that developing rare earth projects that satisfy all stakeholders comes from some challenges.

American nanotechnology company Dammorphe has developed a hydrogen production technology that uses rare earth alloy dissolved in water. This technology has the potential to provide clean hydrogen at $1/kg.

American Rare Earths announced today that the designated resource for the project has increased by 117%, based on the company's latest resource estimates for the La Paz project in Arizona.

According to Freightwaves, recently, an energy company based in Georgia started mining a substance called monazite and shipped 20 tons of rare earth carbonate to Utah for processing, and from there, it was sent to another factory in Estonia for further refinement and use in the manufacture of high-end electronic products. As one of the only two businesses that mine rare earth materials in the US, a more efficient rare earth supply chain must be established.

It is reported that on July 21, 2021, the Nechalacho Rare Earth Mine, the first mine mostly operated and participated by indigenous residents, was officially opened.

Australia has long relied on goods manufactured overseas, but the country has other opportunities to improve the rare earth value chain. In addition to producing high value-added oxides, metals and alloys, it can also produce rare earth magnets and other high-tech and high-value products. Reliable domestic supply will further promote the development of high-value industries, such as electronics and defense applications.

Now, researchers at Stanford University have thought of a manufacturing method that can produce high-performance flextronics which is based on molybdenum disulfide (MoS₂).

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price continued to rise in the week ended on Friday, August 06, 2021, benefiting from tightening availability of raw materials, new bid prices and average forecast prices for early August shoring up market confidence and increased demand.