Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China maintain stability on September 27, 2020 due to quiet market trading as a result of holiday atmosphere in the market. 

China is not only the largest rare earths production country but also the world's largest consumer of rare earths. According to the "Panorama Atlas of China's Rare Earth Industry in 2019", the consumption is about 57% of the global consumption. Next is Japan, which accounts for about 21% of global consumption.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was stable in the week ended on Friday September 25, 2020 as the demand in the Golden September failed to meet market expectations. However, market participants still had good expect for the consumption growth of downstream industries such as new infrastructure.

Rare earth market quotation in China: the terbium oxide, praseodymium oxide and neodymium oxide prices decline slightly on September 27, 2020 as market activity is low with the approaching of the holiday. 

Molybdenum market quotation in China: the ammonium molybdate, ferro molybdenum and molybdenum oxide prices edge lower in late September due to deadlocked supply and demand, and limited market transactions. 

The tungsten 3D printing has been raised to a new level. Recently, a video of using selective laser melting (SLM) technology to produce 20 highly flexible tungsten sheets with a thickness of only 70μm has been demonstrated by the Additive Manufacturing Department of The Welding Institute (TWI), an independent research and technology organization established by the British Welding Research Association.

Rare earth scandium was discovered in Yunnan, worth more than 75 billion! It took 12 years for Kunming Zhongdiyuan Mining Co., Ltd. to complete the comprehensive exploration and evaluation of the Maandi iron ore mine and obtain major mineral resources exploration results. The mineral has now passed the resources review of the Yunnan Provincial Department of Land and record confirmation.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) export market in China remained quiet this week, with European consumers becoming increasingly cautious about restocking the raw material amid an uptick in Covid-19 infections across the region, while demand from Japanese buyers was also largely muted.

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices continued to decline in the week ended on Friday September 25, 2020 affected by weak market confidence and cautious sentiment of market participants. 

The ferro molybdenum, molybdenum concentrate and molybdenum oxide prices in China were in the downward trend in the week ended on Friday September 25, 2020 as enterprises made shipment actively to ease the pressure of capital shortage.