Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable on November 26, 2020 as the market is in a stalemate. Upstream suppliers are reluctant to sell their products at low prices while downstream buyers are not active in trading. 

China rare earth price kept rising in the week ended on Friday November 27, 2020 thanks to good trading atmosphere and market confidence. neodymium oxide price increased to 98,000 yuan/ton and praseodymium oxide price increased to 32,000 yuan/ton. 

China molybdenum price maintained stability in the week ended on Friday November 27, 2020 due to low trading activity affected by weak economic conditions and the second wave of Covid-19. 

Search Minerals Inc. (“Search” or the “Company”) and USA Rare Earth, LLC (“USA Rare Earth”) are pleased to announce that they have entered into a Technical Collaboration Framework Agreement (“Collaboration Agreement”) to govern initial cooperation between USA Rare Earth and Search in a number of important areas of mutual interest.

The rare earth industry faces opportunities for high-quality development. The decision-making and deployment of the Party Central Committee have pointed out the direction and determined the goal for the future development of the domestic rare earth industry. During the "14th Five-Year Plan" period, China is facing the following historic opportunities to promote high-quality development.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten concentrate prices in China maintain stability after a slight increase early this week boosted by new guide prices from tungsten companies and associations. In the short term, the market is expected to stabilize as the demand side continues to be weak. 

Rare earth market quotation in China: the neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to pick up thanks to active trading activity in the market. 

Molybdenum market quotation in China: the sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day due to cautious sentiment of both buyers and sellers. The whole market trading is low without the stimulate of favorable news. Most insiders have good expect for the outlook. 

To support the US need for critical minerals such as rare earths, Pennsylvania State University (Penn State) has entered a memorandum of understanding (MOU) with the Colorado School of Mines to establish a collaboration designed to be responsive in supporting the US need for critical minerals.

To meet the growing demand for critical minerals such as rare earth, cobalt, nickel, lithium and other minerals, WEF opens up a deep-sea mining dialogue. The growing demand for minerals critical to electric vehicle, electronics and battery manufacturers could become commercially available within this decade. Significant public and private investment have gone into how to extract cobalt, nickel, lithium and other minerals from the deep seabed. However, more than 80 non-governmental organizations have voiced concerns about the dangers of commercial extraction.