Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China show signs of rise in the week began on Monday December 07, 2020 as new tungsten forecast prices for the first half of December were raised slightly despite of limited adjustment.

Four sites of tungsten, molybdenum, iron and copper minerals were discovered in Inner Mongolia. According to the Geological Survey Institute of the Inner Mongolia Autonomous Region, recently, the Shenyang Geological Survey Center organized experts carried out the field acceptance of the “Inner Mongolia 1:50,000 Baiyin Obo, Xinglongdi, and BeigangTai Regional Geological Survey" project. The project discovered 4 iron, copper, tungsten and molybdenum mineralization points, identified 1 iron, copper, tungsten and molybdenum mineralization alteration zone, and delineated 2 prospecting target areas.

Over the years, Greenland Minerals Limited' Kvanefjeld multi-element rare earth project attracted investors' interests. Recently, the company is raising another 30 million Australian dollars for the development of the project. The company will issue new shares to undisclosed institutions at 0.24 cents per share and raise an additional 3 million Australian dollars to shareholders.

The estimated value of the proceeds from the transfer of the mining right of the Liaokeng Tungsten Mine in Ningdu County, Jiangxi Province was RMB 9,484,500 on June 30, 2020, according to the announcement of the Department of Natural Resources of Jiangxi Province, including the estimated value of the transfer income of the reserves of the mining rights and mining licenses of 8.0476 million yuan, and the estimated value of the transfer income of the reserves (65% WO₃) used from September 30, 2006, to December 31, 2018, was 1.4369 million yuan.

First Quantum Minerals Ltd (FQM) of Canada announced the reserves of its Taca Taca copper/moly/gold mine project in Salta Province, Argentina. FQM is a global copper company. It produces copper in the form of concentrate, cathode, and anode, and has inventories of nickel, gold and cobalt. The company operates long-life mines in several countries and employs approximately 20,000 people worldwide.

The application of cesium tungsten bronze in tumor diagnosis and treatment has been developed recently. It is reported that the research group of Professor Liu Shaoqin from the Micro and Nano Technology Research Center of the Institute of Basic and Interdisciplinary Science of Harbin Institute of Technology (HIT) has studied the application of cesium tungsten bronze nanoparticles in tumor diagnosis and treatment. Results show that the nanoparticles can well achieve the dual anti-tumor effect of photothermal and photodynamic, as well as achieve visual monitoring.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday December 4, 2020 as the demand side kept weak with the continued spread of Covid-19 in overseas markets, but firm production costs prevent prices from falling. In the short term, market participants will focus on the new guide prices for this month. 

China europium oxide, lanthanum oxide and cerium oxide prices maintain stability on December 7, 2020 when the market demand is recovering and some products remain low inventory. 

Molybdenum market quotation in China: molybdenum oxide, molybdenum powder and ferro molybdenum prices remain stable in early December, 2020 affected by low buying appetite of market participants. 

Russia Strengthens forces in the Arctic regions, the place where is rich in resources such as oil, natural gas, and rare earths. Recently, there have been reports that Russia will initially complete the deployment of air power by the end of 2020. In 2021, it will further deploy fighters and helicopters, and improve the deployment of the garrison command system and communication network, thus becoming the first country to deploy air power in the region.