Analysis of latest tungsten market from Chinatungsten Online

China tungsten market remained weak in the first trading of April due to cautious sentiment of downstream users and low trading activity. Ammonium paratungstate (APT) exporters experienced a slow market, while unrecovered downstream manufacturing, such as the automobile industry, in China also dragged the domestic tungsten market price down.

Lithium isotopes system, a sensitive geochemical tracer, can be used to track a wide range of geological processes and sources. Recently, sources and a proposal for comprehensive exploitation of lithium brine deposits in the Qaidam Basin on the northern Tibetan Plateau depending on the lithium isotopes have been unveiled by researchers. And the thorough understanding of the origin and distribution of lithium brine deposits is the foundation for lithium resource exploration, development, and utilization.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in China continue to decline when many global industries expect a global slowdown in the second half of 2020 due to the impact of coronavirus. With the approaching of holiday of Tomb-Sweeping Day, most market participants take a watchful stance. 

The start-up FLX Bike launches eco-friendly lithium battery e-bikes recently. The company has raised $1.3 million in crowdfunding, far-surpassing its initial $20,000 goal, in less than one day, according to foreign media reports.

Per the mineral product summary 2020 data of U.S Geological Survey (USGS), the world's tungsten reserves were 3.2 million tons as of the end of 2019, of which the reserves in China were 1.9 million tons, which was the world's largest resource country; Russia, 240,000 tons, ranks second; followed by Vietnam, 95,000 tons; Spain, 54,000 tons; the United Kingdom, 44,000 tons; North Korea, 29,000 tons; Australia, 10,000 tons; and Portugal, 3100 tons.

U.S. Geological Survey mineral product summary 2020 data shows that as of the end of 2019, the world's molybdenum reserves were 18 million tons, of which China's reserves were 8.3 million tons, which was the world's largest resource country; followed by Peru, 2.9 million tons; the United States, 2.7 million tons; Chile, 1.4 million tons; Russia, 1 million tons; Turkey, 700,000 tons; Mongolia, 210,000 tons;  Armenia, 150,000 tons; Mexico, 130,000 tons; Argentina, 100,000 tons; Canada, 100,000 tons; Uzbekistan, 60,000 tons; and Iran, 43,000 tons.

Analysis of latest tungsten market from Chinatungsten Online

China ferro tungsten and tungsten powder prices continue to drop in the week began on Monday March 30, 2020 due to profit cuts of products and slowdown in manufacturing output. Most market participants take a watchful stance at the end of this month. 

Rare earth market quotation in China: the latest of terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices are in the downward trend on Mar. 31, 2020 due to the slowdown in manufacturing industry around the globe. 

The latest of ferro molybdenum, molybdenum oxide and molybdenum concentrate prices in China are unchanged from the previous trading day due to continued spread of coronavirus. However, as the inventory of many downstream companies is about to run out, and the willingness to pick up goods is expected to increase in April, the activity of on-site trading has risen slightly.

ZellkoBatt, a project aimed at optimizing large-format lithium cells for automotive applications while cutting the costs of components as well as manufacturing processes has just launched by the researchers from Germany's Centre for Solar Energy and Hydrogen Research Baden-Württemberg, known by its initials ZSW.