According to foreign media, the US government has completed the supply chain review of four key products: rare earth elements (REEs), semiconductor chips, electric vehicle batteries, and biopharmaceuticals on June 4.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices in China are unchanged from the previous trading day on June 16, 2021 amid slow trading and deadlocked supply and demand. 

China’s domestic rare earth market is still tepid in the middle of June, 2021 with terbium oxide and neodymium oxide prices declining slightly. Downstream users destock their products, which reduces market confidence to a certain extent. 

China’s domestic molybdenum market is strong in the middle of June, 2021 under the continuous strengthening of domestic and foreign supporting factors. Traders are basically optimistic. The prices of most molybdenum chemical products have risen to varying degrees but transactions do not follow up. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the first trading day on June 15, 2021 after the holiday of Dragon Boat Festival as the market was caught in wait-and-see atmosphere. 

Recently, the $190 billion Innovative Competition Act passed the review, which means that the US's $54 billion investment in the semiconductor industry is set to secure. As one of the significant components of the chip, the tungsten (W) and molybdenum (Mo) target market may usher to a boom.

The world's top research wharf, the Ellen Browning Scripps Memorial Pier upgraded with molybdenum-containing stainless steel in 2018 to reduce the damage to it from highly corrosive seawater to ensure that future research projects could continue safely.

Recently, Jiehui Zhang, the general manager of CMOC Brazil, an affiliate of China Molybdenum Co., Ltd. (CMOC) led a team to visit the municipal government of Catalão and Ouvidor, where the company is located. The visit conducted in-depth and friendly exchanges with the mayors of the two cities, further consolidating the good relationship with the local area.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the week ended on Friday, June 11, 2021 in response to quiet market trading and cautious sentiment of participants. 

China’s domestic rare earth market is still tepid in the first trading day on June 15, 2021 after the holiday of Dragoon Boat Festival under continue weakness in the demand side.