Rare earth market quotation in China: terbium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices continue to increase on May 27, 2021. 

Affected by control policies and weak steel prices, molybdenum companies become weak in holding firm offers, and transactions also decreased compared from the first half of May. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price is unchanged from the previous trading day with rare deals concluded in the market. Due to continued spread of COVID-19 in the world, and weak demand, participants mostly hold cautious sentiment, waiting for new guidance from the market. 

Rare earth market quotation in China: DyFe, terbium oxide and dysprosium oxide prices bottom out while neodymium oxide and cerium oxide prices remain unchanged on May 26, 2021. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum bar prices are unchanged from the previous trading day on May 26, 2021 on quiet market trading. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices remain stable in late May, 2021 because the market is in a lukewarm state. Raw material manufacturers are reluctant to sell while downstream buyers keep cautious sentiment. 

The Sydney-based Australian Bauxite has just discovered the highest level of rare earth elements to date in the DL130 bauxite project in northeastern Tasmania. The company stated that the near-surface results of the ongoing drilling activities of the DL130 show strong enrichment of the rare earth element (REE) neodymium in the super-magnet. The tests performed from the protruding borehole included 1 meter-scale 145.8 ppm neodymium, 34.55 ppm dysprosium, 34.52 ppm praseodymium, and 5.55 ppm terbium.

On May 20, Namibia Critical Metals Inc. (Namibia Critical Metals) announced that it has updated the NI 43-101 mineral resource estimate for the Lofdal Heavy Rare Earths Project in northwestern Namibia.

Researchers of Karlsruhe Institute of Technology (KIT Karlsruhe), Germany, have developed an innovative approach to process tungsten, making this brittle material soft with new process parameters for electron beam melting (EBM). Tungsten components processing utilizes electron beam melting is an additive manufacturing method that accelerates electrons under vacuum to selectively melt metal powder, and, in this way, produce a 3D component in an additive way, that is layer by layer.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price kept stable on the whole in the week ended on Friday May 21, 2021 as the market was in a stalemate despite of the slow economy recovery and inflation expectations.