Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum concentrate prices are unchanged from the previous trading day on cautious sentiment of both buyers and sellers. The short-term market is expected to continue this trend. 

Quantum behavior in tungsten ditelluride (WTe2) insulators indicates possible new particles. A team of physicists from the United States and Japan has experimentally observed a phenomenon called quantum oscillation in a two-dimensional topological insulator, the monolayer WTe2. The team's findings, published in Nature, hint at the existence of an entirely new type of quantum particle - a neutral fermion.

W Resources PLC stated that it has drawn a further GBP 500,000 from the GBP 4 million convertible bond financing with Atlas Capital Markets. The company owns tungsten assets in Spain and Portugal. This is the second drawdown obtained by the facility on March 30, 2020. The convertible bond file is a 5% coupon and has a maturity of 3 years.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in China maintained stability in the week began on Monday January 25, 2021 as market participants kept cautious sentiment with the approaching of Chinese Spring Festival. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the week ended on Friday January 22, 2021 with the support of cost and supply side. Meanwhile, the rise in new average tungsten forecast prices also boosted market confidence. However, stocking was reducing due to continued spread of Covid-19 and the approaching of Chinese Spring Festival. 

China rare earth price did not fluctuate significantly at the beginning of the week, affected by the rapid development of manufacturing industries such as new energy vehicles, wind power generation and inverter air conditioners. The demand for downstream magnetic materials companies remained strong. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum oxide prices reduced slightly in the week began on Monday January 25, 2021 under many instabilities in the market. 

The Chinese government will maintain its export duties on some nonferrous metals such as tungsten, molybdenum and rare earths and most ferro-alloys for 2021. China will keep a 20% export tariff on ferro-alloys including ferro-manganese, silicon-manganese, ferro-silicon and pig iron. The duty on ferro-chrome will be unchanged at 15%.

According to the announcement of the Department of Natural Resources of Jiangxi Province, the Bajiaotan Kengkou Tungsten Mine in Dayu County, the estimated value of the profit from the transfer of the mining right of the Bajiaotan Tungsten Mine in Dayu County is 7,078,800 yuan (higher than the calculation result of the market benchmark price of the mining right transfer of 6,89,1500 yuan).

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain stable early this week. Downstream purchasers are not active in stocking while raw material suppliers consider profit-taking. The supply of spot resources increases, but actual transactions are in a stalemate.