Analysis of latest tungsten market from Chinatungsten Online

China tungsten price declined slightly in the week ended on Friday, March 26, 2021 as the market was in a stalemate. The supply of raw materials increased with more and more suppliers considered profit-taking. While the demand side was still affected by continued spread of COVID-19 and constrained logistics. 

Rare earth market quotation in China: lanthanum oxide, cerium oxide and praseodymium neodymium oxide prices continue to keep firm on Monday March 29, 2021 under the mixed market. 

Prices of molybdenum powder, ferro molybdenum and molybdenum concentrate declined slightly on March 29, 2021 with the impact of declined international price and lower-than-expected steel tenders. 

Analysis of latest tungsten market from Chinatungsten Online

Prices for tungsten concentrate and ammonium paratungstate (APT) remained weak adjustment in the second half of March with traders eager to offload stocks because of a short-term rise in suppliers from major mining companies.

Prices of praseodymium oxide and neodymium oxide fell while europium oxide price remained stable on Friday March 26, 2021. In the Chinese market, the overall trading was limited. 

\China molybdenum price maintained stability in the week ended on Friday, March 26, 2021 as both buyers and sellers were not active in entering the market. 

The rare earths market has been in comparison with semiconductors in recent years.  However, rare earths and semiconductors seem to be incomparable in terms of industrial scale. Petroleum is the 'blood' of industry, the chip is the 'food' of industry, and the rare earth is the 'vitamin' of industry. Globally, the Middle East controls the petroleum, the United States controls the chip, and China occupies most of the 'vitamin' market.

The United States seeks support from allies and joins hands with Japan, India, Australia, Canada and other countries to establish rare earth procurement and supply chains to reduce its dependence on China's rare earths. Especially under the trend of electric vehicles, aluminum is an important raw material. And Mitsubishi Corporation of Japan announced that it will acquire a 30% stake in the Australian Aurukun mine owned by Swiss resource giant Glencore to strengthen its aluminum smelting business.

Recently, the EASYTO·1098 heat-insulating rare earth glass coating of the Northern Rare Earth Institute was listed as the first batch of new materials at the Inner Mongolia Autonomous Region level in 2020. The coating could be applied on the surface of the glass directly, in addition to blocking solar radiation, it can also achieve the effects of heat insulation, heat preservation, and energy saving when combined with hollow glass.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in China continue to maintain stability in late March owing to low buying appetite of buyers and strong rised mentality of suppliers.