Rare earth metals are essential for the green industry, and the ancient global climate change and certain types of seabed geology have driven fish populations to specific locations, as remains in the fossilized fish accumulated valuable elements and these fossil beds became concentrated deposits of such metals. The discovery could aid prospects for deposits of so-called rare-earth elements in other undersea locations.

The Australian lithium mining company Altura Mining (AJM) announced that it has signed a 2020 supply agreement and a five-year binding lithium offtake with Ningbo Shanshan's subsidiary, Hunan Yongshan Lithium. According to the agreement, AJM will provide 44,000 dry tons of 6% spodumene concentrate at market prices in 2020, according to foreign media reports.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate price in China was unchanged for a third week in a row on Tuesday June 17, buoyed by tightened supply of the material, while downstream ammonium paratungstate (APT) prices dipped against a backdrop of weak demand.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week began on Monday June 22, 2020 as the market is in a stalemate and most market participants hold a watchful stance. The weakness of new guide prices also affected the confidence of insiders. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are in a stalemate in the week ended at Friday June 19, 2020 due to quiet market trading, persistent weakness in the demand side and cautious sentiment of market participants. 

Analysis of latest tungsten market from Chinatungsten Online

Weak consumer demand continued to put downward pressure on ammonium paratungstate (APT) and ferro tungsten prices in the Chinese market in the week ending Friday June 19, 2020. 

Rare earth market quotation in China: praseodymium oxide and praseodymium neodymium oxide prices edge lower while lanthanum oxide price remains unchanged when the market is relatively weak. 

Molybdenum market quotation: the prices of ferro molybdenum, molybdenum powder and molybdenum concentrate decline slightly as the market is caught in heavy wait-and-see atmosphere with rare transactions concluded. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in the Chinese market remain weak adjustment due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence.

The prices for light rare earth products and heavy rare earth products show different trends in the Chinese market with the impact of COVID-19 reducing trading activity. Cerium oxide price continues to remain stable on June 18, 2020.