The advent of sodium batteries may boost the demand for tungsten disulfide (WS2). It is understood that CATL plans to release sodium batteries around July this year. Although its safety is relatively high, the price of sodium raw materials is relatively reasonable, and the reserves of sodium resources are abundant, it may make up for the shortcomings of the current market-based lithium-ion batteries. However, as the current supply chain of sodium ion batteries is not mature enough, the price may be higher than lithium-ion batteries.

On the morning of May 25, the groundbreaking ceremony of the 20,000-ton magnetic material production base, the third phase 4,000-ton, expansion project of Fujian Changting Golden Dragon Rare Earth Co., Ltd. was held in Changting City.

Anhui Bismuth Tungsten Mine has passed the field acceptance. Recently, the Anhui Provincial Public Welfare Geological Survey Management Center organized relevant experts to conduct field acceptance of the provincial geological exploration fund project "Huangshan Bismuth-Tungsten Polymetallic Deposit" undertaken by the 332 Geological Team.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten association and state-owned companies mostly stabilized their offers for the first half of June, indicating a cautious sentiment of participants and wait-and-see atmosphere in the market.  

Rare earth market quotation in China: terbium oxide, cerium oxide and praseodymium neodymium oxide prices continue to be in a downward trend on June 9, 2021.

Molybdenum market quotation in China: molybdenum concentrate, ferro molybdenum and molybdenum bar prices are in the upward trend on May 9, 2021 due to good trading atmosphere both at home and abroad. 

USA Rare Earth LLC now has funds to improve the economic and design parameters of the Round Top Project, complete the test of a rare earth separation pilot plant in Colorado, and establish a demonstration plant to produce single rare earth in Texas, according to foreign media reports.

According to foreign media reports, Norway-based REEtec has confirmed the quality of rare earth samples produced by Vital Metals Ltd.’s Nechalacho project in the northwest region, which means that Vital can complete the first phase of its partnership strategy to deliver Canadian rare earths to market by the end of 2021.

S. Korean technology giants have recently announced plans to invest in the United States. The investment may lead to changes in the Chinese rare earth market, and the South Korean industry is also beginning to worry about variation in relations between China and South Korea.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China remains stable early in this week began on Monday, June 07, 2021 affected by world inflation and continued spread of COVID-19. In addition, the relatively tight supply and weak consumption of downstream result in a deadlocked market.