Chinese rare earth prices continue to remain stable due to heavy wait-and-see atmosphere and low trading activity in the whole industry. On the one hand, under the background of the slow development of other industries such as new energy industry, electronics and digital, it has dragged down the development of the rare earth market, and the soft state of downstream demand has not been effectively alleviated for a long time, so the overall transaction is slightly weak; 

China molybdenum prices maintain stability at the beginning of the week considering the limited consumption in the terminal side and sight supply in the raw material markets. Now the market remains quiet as downstream buyers have finished their replenishment previously. Moreover, with the approaching of Chinese Spring Festival, most market participants will be off duty. Therefore, the market is expected to stabilize before the holiday.  

Australian fires may curb the output of coal, rare earth ore, bauxite, etc., as the chain reaction of its result. The momentum of the Australian forest fire has not weakened for several months, causing extensive damage to the local ecological environment, ecosystems, and wildlife. The industry is concerned that the adverse effects of the fire may be extended to the economic sector, triggering a chain reaction.

Peruvian Energy and Mining Minister Juan Carlos Liu said last Thursday that he was confident Peru would formulate regulation for lithium mining in the coming year, according to Reuters news.

Analysis of latest tungsten market from Chinatungsten Online

The average price in 2019 for ammonium paratungstate (APT) duty unpaid Rotterdam and the Chinese APT export prices dropped by more than 28pc from 2018, according to Argus data.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China are unchanged from the previous trading day with the impact of strong atmosphere of holiday. With the approaching of Chinese New Year, the production, transportation, capital funds and demand are affected. Most market participants are ending up their works for the holiday. 

Rare earth market quotation in China: the latest of praseodymium oxide, lanthanum oxide and cerium oxide remain stable in the week began on January 16, 2010 as the market is in a stalemate. Under the growing festival atmosphere, traders who had limited consumption capacity have become more hesitant. The  market has got few inquiries. Affected by factors such as raw material prices and environmental protection, suppliers are basically unwilling to cut profits for more sales. Most rare earth products prices are stable. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate, molybdenum powder and molybdenum bar maintain stability in the week began on Monday January 16, 2020 with the approaching of Chinese Spring Festival. Now most logistics companies gradually stop providing service, manufacturing companies end up their works and traders remain cautious sentiment. Market transactions are hardly concluded. 

In the manufacturing process, wastes such as iron scraps and tungsten steel wastes are often produced. If such scraps are sold to get a profit, a unified invoice must be issued following the law and business tax must be reported, according to the information of the Taxation Bureau of the Central Area in Taiwan.

Lithium explorer and developer Lake Resources NL is pleased to announce a major step, confirming that it will use Lilac Solutions' breakthrough technology to produce a large number of battery-grade lithium carbonate samples in California with a purity of 99.9% from 20, 000 liters of brine samples from Lake's Kachi Brine Lithium Mine project in January 13, 2020.