Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the tungsten price in China remained weak adjustment as traders were active in selling products, but buyers still took a watchful stance. The whole market is quiet with rare transactions concluded. 

The neodymium oxide, lanthanum oxide and praseodymium oxide prices in China continue to decline when the listed prices of Southern Rare Earth lower compared with last time. In terms of downstream demand, due to the impact of the new coronavirus, most merchants indicated that their orders have been impacted to a certain extent, and that some overseas countries are currently in a state of closure, which has a certain adverse effect on some of China’s export-oriented enterprises.

The sodium molybdate, ammonium heptamolvbdate and ferro molybdenum prices in China are unchanged from the previous trading day the market tends to keep stable after the previous price decline. In the molybdenum concentrate market, due to the limited stock of raw materials and active trading of downstream, molybdenum companies have good confidence, and the transaction volume is expected to be increased. 

A new way to monitor lithium battery by sending electrical pulses into it and measuring the response has been designed by researchers from Cambridge and Newcastle Universities. The measurements are then processed by AI tech to predict the lithium battery's health and useful lifespan. Their method is non-invasive and is a simple add-on to any existing battery system.

John Goodenough, the "Father of Lithium Battery" and one of the winners of the 2019 Nobel Prize in Chemistry, recently revealed that he has developed a sodium glass battery whose storage capacity is three times that of the current lithium battery.

Recently, in the incubator of the Baotou Rare Earth R&D Center of the Chinese Academy of Sciences, Ming Xiao, the technical director of Zhongke Xuanda New Energy Technology Co., Ltd. introduced the new type of rare earth magnesium-nickel-based hydrogen storage alloys production lines for which boost the performance of batteries.

Two of the world's first zero-emission lithium electric propulsion bunker tankers are set to build by Japanese marine transportation company Asahi Tanker Co. Ltd in Japanese shipbuilding companies. According to the marine transportation company’s announcement.

Chukochenite, a new kind of mineral, brings a boon for the new emerging rare earth luminescent materials. Recently, a novel mineral, LiAl₅O₈, discovered by the research group of Professor Can Rao, School of Earth Sciences at Zhejiang University (ZJU), was approved by the Commission on New Minerals, Nomenclature and Classification (CNMNC) of the International Mineralogical Association (IMA). The mineral is named "Chukochenite". And the IMA number is IMA 2018-132a, the number of the Geological Museum of China is M13818.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to drop in the week ended on Friday April 3, 2020 as the market was caught in heavy wait-and-see atmosphere with persistent weakness in the demand side. Manufacturers faced pressure of high inventories and capital shortage while smelting factories cut output for a new round of maintenance.  

Rare earth market quotation in China: the latest prices of europium oxide, lanthanum oxide and praseodymium and neodymium metal keep stable due to deadlocked supply and demand, low consumption of downstream buyers, capital shortage of upstream.