China is a giant country with rare earth resources and holds a pivotal position in the production and utilization of rare earths. In order to standardize the management of the rare earth industry and ensure the rational development and utilization of rare earth resources, related parties are speeding up the relevant legislative process, and rare earth total indicator management is about to be legislated.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept stable in the week ended on Friday, June 18, 2021 as the whole market continued to be in a stalemate with cautious sentiment of participants. 

Rare earth market quotation in China: europium oxide, lanthanum oxide and dysprosium oxide prices continued to be weak on June 21, 2021. In the case of inconsistent negotiations between the supply and demand sides, product prices declined. 

Molybdenum market quotation in China: ferro molybdenum, sodium molybdate, ammonium heptamolvbdate prices continued to rise on June 21, 2021. The demand from steel companies and end customers continued to increase, which promoted the increase in the activity of purchase and sales on the market. There was a large profit margin for suppliers. 

Analysis of latest tungsten market from Chinatungsten Online

Unlike other active metal markets, such as commodities and molybdenum, tungsten market has kept quiet since the second half of May, and is expected to continue its tepid status in the short term. 

The US Republican Representative Andy Barr proposes legislation to speed up the approval of coal companies to initiate rare earth mining, as well as the other minerals that are vital to the electrification revolution that the Biden administration aspires to, according to Bloomberg News.

China produced 85% of the world's refined rare earth products in 2020, as the domestic production stabilization, the rare earth imports are expected to increase from 60,000 tons in 2021 to 80,000 tons per year, and its dominance of rare earths markets would be continued to 2030, says Roskill.

The US Department of Defense said that the global supply chain of strategic and critical materials such as rare earth elements (REEs) is over-concentrated in China, posing the risk of supply disruption to the national economy.

Researchers from the University of California, Riverside (UC Riverside), and the Applied Science Research Center of the Central Research Institute in Taiwan said that composite materials composed of tungsten diselenide (WSe₂) and molybdenum diselenide (MoSe₂) are expected to achieve quantum optical effect.

3D printing technique developed by Karlsruhe Institute of Technology (KIT) researchers makes brittle tungsten crack-free. Recently, KIT researchers in Germany have developed a new type of electron beam melting (EBM) three-dimensional printing technology. Its appearance makes it possible to produce brittle tungsten (W) without cracks, thereby allowing the metal to be better used in harsh working environments.