The Australia government issued a report to announce 15 rare earths and key mineral projects aimed at cooperating with the US to challenge China's dominance in the supply of materials commonly used in the defense and high-tech industries. Australian company Lynas accounts for 10% of the global rare earth market, according to the Financial Times report.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have risen steadily with the end of Fanya stocks auction. At present, the market is supported as bidding prices exceeding market expectation boosts confidence of traders. The tightening availability of tungsten raw materials make product prices rise and downstream smelting factories are reluctant to sell products. Although inquiry becomes active, transactions need to be followed up. 

Rare earth market quotation in China: the terbium oxide, neodymium oxide and praseodymium neodymium oxide prices drop slightly as the market sentiment was relatively anxious. Recently, there is no significant positive news in the market. The demand from downstream magnetic materials companies is generally weak. Some suppliers have loosened their mentality and slightly increased their enthusiasm for sales. But high raw material costs and the peak season support the market price to some extent. 

Molybdenum market quotation in China: the ferro molybdenum and molybdenum concentrate prices maintain stability in this week while molybdenum oxide price rises slightly when the market is in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China maintain stability as the market is caught in wait-and-see atmosphere. Raw material sellers are reluctant to sell under cost pressure while downstream buyers remain low activity in stocking up. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market was quite in the first trading day after the holiday of Mid-Autumn Festival. The auction of Fanya stocks will be settled this tomorrow and before that, traders in the whole industry took a watchful stance. Most sellers were reluctant to trade under the pressure of high costs. 

For precious materials such as rare earth, researchers want to build a lunar space elevator. Since the launch of the moon landing space depends on costly rockets, landing on the moon has always been a matter of extreme burns. Now, several graduate students at Harvard and Columbia University have done a good job and found that the "spaceline" is technically and economically cost-effective. This new elevator is an orbit of up to 320,000 kilometers!

Though tungsten weights to get center of gravity, NASA's Mars 2020 rover comes full circle. According to foreign media reports, the NASA's Martian vehicle has been assembled recently. The 1040 kilograms probe is looking for the center of gravity on what is called a spin table in the cleanroom of the Spacecraft Assembly Facility at Jet Propulsion Laboratory (JPL) in Pasadena, California. This is the assembled rover's first spin table test, a key part of ensuring the safe journey to Mars scheduled for 2020.

Analysis of latest tungsten market from Chinatungsten Online

Sentiment in the ammonium paratungstate (APT) market improved in the week ended Thursday September 12 in anticipation of a successful auction of tungsten stocks held by the defunct Fanya Metal Exchange and amid tightening concentrates supply in China.

Rare earth market quotation in China: domestic rare earth prices maintain stability at the beginning of the week due to the considerable price of rare earth listings in the South and North Rare Earth and the impact of the favorable environmental protection policies, the confidence in the raw material market was restored and boosted, and some mainstream light rare earth products were slightly raised.