Xiamen Tungsten New Energy Materials, a subsidiary of Xiamen Tungsten, intends to acquire a 30% stake in Ningde Xiamen Tungsten held by Fujian Mindong Electric Power Ltd Co with its funds of RMB 30,135,500. After the completion of the acquisition, Ningde XTC will become a 100% holding subsidiary of the company; at the same time, it will help the company to carry out systematic layout planning in terms of products, market customers, and funds, improve decision-making efficiency, and further optimize the company's ternary materials business layout.

During the "14th Five-Year Plan" period, Luoyang will speed up the construction of the Luanchuan high-end tungsten (W) and molybdenum (Mo) new material industrial park and the Xin'an County National Industrial Base, accelerating the transformation of the industry. The industry's operating income is expected to reach 81 billion yuan, and the average annual growth rate would remain above 7% by 2025.

Recently, researchers from the School of Microelectronics of Fudan University have developed a new type of in-memory computing architecture that can be used for multiply-accumulate operations using wafer-level two-dimensional MoS₂ semiconductor materials. It has good device durability and can also erase and write operations. It is simple and can realize a long-term multi-value storage capacity to realize analog multiplication and addition operations, thus demonstrating the potential for future low-power and high-calculating integrated storage-calculation applications.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China rose slightly in late June, 2021 boosted by the increase in new guide prices for the second half of this month as well as affected by environmental protection, production costs and inflation. 

China rare earth market showed a mixed pattern in the week ended on Friday, June 25, 2021. With the global economic situation still complicated and severe, the fundamentals of weak supply and demand were difficult to change. Buyers and sellers were cautious and wait-and-see when entering the market. 

There was no significant change in China’s molybdenum price as a whole in the week ended on Friday, June 25, 2021. Suppliers were basically reluctant to sell. However, due to the gradual increase in negative factors, market activity was slightly lower than last week.

The novel aviation materials would boost the tungsten (W) and molybdenum (Mo) market. In the 21st century, aircraft materials are directed to high performance, high functionality, multi-function, structure-function integration, intelligence, low cost, and compatibility with the environment. As one of the key materials for aircraft components, the consumption of W and Mo products is expected to increase.

Over the past three years, Russia has imported more than one-third of strategic types of minerals including more than 60% rare earths, and such dependence on foreign supplies carries risks for national security. The Russian steel and defense industries rely heavily on the supply of these strategic metals and rare earth metals. According to the report of Russian news agency RIA Novosti.

Researchers at Hunan University progress MoS₂ transistor as thin as 3 nanometers, with a channel length of only a layer of atoms. The team successfully implemented an ultra-short channel vertical field effect transistor (VFET). The channel length can be shortened to 0.65nm, closely to atom size. The paper of this research was published in Nature Electronics.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder exporters adjusted their offer prices upward in the second half of June, 2021 due to the rise in value of the Chinese yuan and a firm price for concentrate, a feedstock for APT and the rise in bid prices from state-owned tungsten companies.