According to Peru's Communiqué, between January and February of 2021, the mining for molybdenum production has surpassed the levels registered during the pre-pandemic stage. According to the epidemic report from February 18 to March 17, the death data provided by the National Center for Disease Control and Prevention of Peru (CDC), the local health bureau (Diresa) and the Comprehensive Health Network (Diris) provided differences.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain stable owing to low buying appetite of downstream and cautious sentiment of participants with the approaching of Labour Day holiday. 

Rare earth market quotation in China: terbium oxide and praseodymium neodymium oxide prices continue to decline while cerium oxide price remains unchanged on April 29, 2021 affected by low trading activity in the whole market. 

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices climb at the end of April affected by active steel tenders as well as increased demand from end users. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to keep firm in late April despite major tungsten listed companies raised their bid prices. With the approaching of Labour Day holiday and environmental checks coming to an end, participants become more cautious and trading seems tepid. 

Rare earth market quotation in China: europium oxide price climbs slightly while praseodymium oxide and neodymium oxide prices continue to decline on April 28, 2021. 

China’s molybdenum concentrate and molybdenum oxide prices edge higher while ferro molybdenum price is unchanged from the previous trading day on April 28, 2021. Now steel mills concentrate to carry out their tenders and suppliers have the confidence to keep firm offers. The short-term market price is not likely to decline.

Due to the vigorous development of electric vehicles in recent years, the application of cobalt in lithium batteries has become more widespread. Some experts pointed out that because China’s controls more than 60% of the global Co supply, the metal is likely to become another card for our country to retaliate against other countries after rare earth.

UCore, a Canadian company, initiates a series of actions to get rid of the Communist Party of China (CCP)'s monopoly of rare earths. Rare earth elements (REEs) are indispensable in the production of night vision goggles, wind turbines, electric cars and satellites. Western companies and governments are actively gathering momentum to fight China's control on rare-earth magnets.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week began on Monday, April 26, 2021 with the approaching of Labour Day holiday and continuing environmental checks in major tungsten producing areas. Now the market is caught in wait-and-see atmosphere with rare deals reported.