Analysis of latest tungsten market from Chinatungsten Online

Participants in China’s tungsten market continue to report rising prices for concentrate and ammonium paratungstate (APT) owing to tightened spot supply in the country.

Rare earth market quotation in China: dysprosium oxide price declines slightly while neodymium oxide and cerium oxide prices remain unchanged under deadlocked supply and demand, and mixed international markets. 

The cobalt price in China continues to maintain stability with market inventory continues to stress the market. The industry now is concerned about national purchasing and storage, as well as the production and shipment situation in Congo under the international epidemic and the downstream consumption of new energy vehicles and 5G in markets such as China, Europe and the United States. In the short term, the market is expected to be quiet. 

There are three main materials on the moon: water, helium, and rare earths. The National Aeronautics and Space Administration (NASA) announced that it will collect resources such as rocks and dirt from the moon from private companies.

The US and Europe will face obstacles in their efforts to expand the domestic supply of rare earth for electric vehicles and wind turbines, as well as reduce their dependence on foreign-imports as high costs and environmental concerns. According to MiningWeekly citing Bloomberg News.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was strong in the week ended on Friday September 11, 2020 supported by the rise in the new average tungsten prices from listed companies, despite the demand side was not very active. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium metal prices continue to decline in the week began on Monday September 14, 2020 in the quiet market. 

Molybdenum market quotation in China: ferro molybdenum price continues to rise while molybdenum concentrate and molybdenum powder prices keep stable due to increased market trading activity. 

To make Europe's rare earth materials supply more secure and sustainable, European Commission (EU) has launched new tragedies. The EU Internal Market Commissioner, Thierry Breton stated at a press conference that Europe holds various resources, such as, aluminum, cobalt, and lithium, while they are far from being exploited.

Australia wants to build a super lithium battery factory. Recently, Magnis Energy Technologies, an Australia graphite company headquartered in New South Wales, announced that the Queensland Government has approved the company's plan to build a super lithium battery plant in Townsville for 3 billion AUD (approximately RMB 14.9 billion). The Queensland government has allocated 3.1 million AUD (about 15.52 million yuan) for this purpose. According to the foreign reports.