The Democratic Republic of Congo (DRC) recently announced that it will exempt indefinitely the export ban on cobalt (Co) hydroxide and Co carbonate, as well as tin, tungsten, and tantalum concentrate, which is defined as "conflict minerals", after a meeting with the country's largest mining company, according to the foreign report.

Recently, a new rare earth hydrogen storage alloy electrode material production line with independent intellectual property rights was put into operation in our country. The anode material produced has a capacity of 30% higher than that of traditional materials. And the product has been supplied to domestic nickel-hydrogen power battery companies.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm as raw material suppliers have strong rised mentality with the support of high production costs. But dragged by persistent weakness in the demand side both at home and abroad, the whole market transactions are hardly concluded. In the short term, the insiders will wait for new guidance from the market. 

Rare earth market quotation in China: terbium oxide, neodymium oxide and dysprosium oxide prices declined slightly on September 4, 2020 on heavy wait-and-see atmosphere in the market. 

China cobalt price maintained stability in the week ended on Friday September 4, 2020 with different views for the market outlook. Some traders believed the supply will support the market as they have high expects for the fourth quarter’s purchasing and storage and the impact of the epidemic on raw material imports. 

Molybdenum market quotation in China: molybdenum oxide, molybdenum concentrate and ammonium heptamolvbdate prices were in the upward trend in the week ended on Friday September 4, 2020 affected by increased trading activity and good expectation for market outlook. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China keep firm in early September despite of deadlocked supply and demand in the market. At present, insiders are waiting for the new average tungsten forecast prices from listed tungsten companies.

The price of cobalt is stable but shows signs of rise on September 3, 2020 when the market remains quiet and trading atmosphere maintains a cautious atmosphere. 

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium neodymium metal prices decline slightly on Sep. 3, 2020. Under the background of quiet news from the policy side and general development in the global manufacturing industry, it is difficult for downstream users to substantially increase the demand, which is the main reason for the rise of quotation in the market.

Molybdenum market quotation in China: the prices of sodium molybdate, ammonium molybdate and ammonium heptamolvbdate are unchanged from the previous trading day on September 3, 2020 owing to quiet market trading and cautious sentiment of market participants.