At the VivaTech 2021 summit, Apple CEO Tim Cook said that the production of new iPhones in the future will no longer consume the earth's resources and will rely on renewable resources such as rare earth for remanufacturing, according to media reports.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept firm in the week began on Friday, July 02, 2021 as the strong rised mentality in the upstream has driven back-end alloy enterprises to increase their offers. But actual transactions seemed not improved as expected. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to increase in the week began on Monday, July 05, 2021. 

Molybdenum market quotation in China: molybdenum concentrate, powder and bar prices are in the downward trend in the week began on Monday, July 05, 2021. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten market is experiencing a tight supply of concentrate and ammonium paratungstate (APT), pushing prices for both products upward and leading some participants to expect the market to begin a new uptrend.

China rare earth price has shown a slight rebound in the week ended on Friday, July 02, 2021 due to tight supply and a slight recovery in demand. 

China’s domestic molybdenum price as a whole saw a slight decline from a high level in the week ended on Friday, July 02, 2021. The quiet operation of overseas molybdenum markets and the steel tender market was the main reason that led to low investor enthusiasm for trading and blocked high-level transactions. 

Recently, China Northern Rare Earth Group High-Tech Co., Ltd issued an announcement that the company plans to invest 94.53 million yuan with its funds to build the North Rare Earth national rare earth material base.

The Korea Institute of Science and Technology (KIST) announced that a team led by Dr. Sang-Ok Kim from the Institute’s Energy Storage Research Center has developed a new, high-performance, and economical MoS₂ anode material that can be used in sodium-ion batteries, making it more cost-effective than lithium-ion batteries. The energy storage capacity of this new material is 1.5 times that of the graphite anode in commercial lithium-ion batteries. Moreover, when the rapid charge-discharge rate reaches 10A/g, its performance will not decrease even after 200 cycles, according to foreign media reports.

Recently, the team of Professor Liu Wei from Tsinghua University has effectively solved the problem of densification and cracking of refractory metal tungsten (W) by improving the laser powder bed fusion (LPBF) in additive manufacturing technology, thereby making up for the traditional technology. The processing technology improves the comprehensive quality of W materials and expands the scope of application.