China molybdenum price is in the upward trend in the week ended on Friday August 7, 2020 but transactions are hardly concluded at high levels. In the short term, insiders will continue to hold optimistic view for the outlook. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market maintain stability as the market is in a stalemate. Most market participants take a watchful stance, waiting for new tungsten forecast prices from tungsten associations. 

The terbium oxide, neodymium oxide and praseodymium neodymium oxide prices in China are in the upward trend due to good trading atmosphere and optimistic sentiment of market participants. 

The molybdenum concentrate and molybdenum oxide prices in China climb slightly while molybdenum bar price is unchanged from the previous trading day on August 6, 2020. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China is in the upward trend thanks to the strong rised mentality in the raw material side but limited transactions concluded. China' Xiamen Tungsten's APT quotation stood at $208.5/mtu, an increase of $4.2/mtu form the second half of July. 

The US Department of Defense has just promised to provide funding for two rare earth separation plants. It's one small step towards the Trump administration's stated goal of breaking the country's dependence on China's supplies of critical minerals. But the direct involvement of the Pentagon underlines the scale of the task associated with creating from scratch a non-Chinese supply chain.

Lithium mining in Salar de Atacama has triggered a new wave of environmental wrestling as this lithium-rich place is highly fragile. A top environmental judge in Chile renewed a call for a government-vetted water study to help stamp out lingering questions about sustainability that have cast a pall over Chilean lithium-rich Salar de Atacama.

The Ministry of Natural Resources and the Ministry of Industry and Information Technology issued a notice to release the 2020 total control index for rare earth and tungsten mining and issued the total control index of Inner Mongolia. The reporter learned from the Ministry of Natural Resources. China will continue to control the global supply of rare earths after the government increased mining of the key materials used in products from electric car batteries to smartphones.

SK innovation announced that it will develop next-generation battery technology with Professor John Goodenough, a 2019 Nobel laureate in chemistry who is known as the father of the lithium-ion battery. Goodenough and Dr. Hadi Khani at The University of Texas at Austin aim to develop unique gel-polymer electrolyte for a lithium metal battery with the goal of providing higher energy density and better safety at a competitive cost.

Lynas and the Pentagon have signed off on a contract for work toward the rare earths separation plant, which the company intends to build in partnership with Texas-based Blue Line Corporation. The plant, which analysts expect to cost about $US50 million, is expected to break China’s stranglehold on the commercial-scale separation of heavy rare earth materials that are essential in military applications.