Molybdenum prices in China continue to maintain stability in the first trading day of April as steel biddings of ferro molybdenum were basically within the expected range and, though the supply and demand was still in a stalemate. For the molybdenum concentrate market, tight supply and high production cost supported market prices and traders’ confidence. Ferro molybdenum prices hovered around the levels of steel tenders. While ammonium molybdate price kept steady due to the weakness in the demand side. 

The mining company Aim-listed Premier African Minerals announced that it has received notice from the Zimbabwe Ministry of Industry, Commerce and Enterprise Development that is has secured a proposed investment of $6-million for the RHA Tungsten project being developed by Premier.

NT miner Thor, which owns the Molyhil tungsten and molybdenum project north-east of Alice Springs, has announced it has raised $742,000 and bought Pilbara Goldfields and Hamersley Metals.

A honeycomb of tungsten built using 3D printing could help take better quality images of processes inside the body, a new study shows.

Produced in the form of thin films, the tungsten alloy can withstand unprecedented amounts of radiation without damage, making is suitable for the interior of nuclear fusion reactors.

With US President Trump signing a presidential memorandum against China at the White House on March 22, announcing that, based on the results of the 301 survey, high tariffs will be imposed on goods imported from China on a large scale, restrictions on Chinese-funded investment in the United States and a series of actions taken against China in the WTO, the outpost war of Sino-US trade war has begun.

Analysis of latest tungsten market from Chinatungsten Online

Tungsten prices in China continue the stability as market participants remain low trading appetite at the end of March. The value added taxes (VAT) will be declined in April. Affected by that, most insiders are waiting for the market movements next month. 

Rare earth market quotation in China: domestic rare earth price continued to show different trends in the week began on Monday March 25. Prices of dysprosium and terbium products kept rising due to the tightening availability of raw materials. While praseodymium and neodymium product prices showed signs of decline but were stable actually on weak demand. Next week, rare earth prices in China are expected to maintain stability. 

China molybdenum prices remained stable in the week to Friday March 29. In the molybdenum concentrate market, the tight supply stabilized offer levels of miners, but weak demand and declined added-value tax in April affected market trading slightly. 

"If you want peace, you have to prepare for war." On March 1, Donald Trump announced that his government would impose a 25% tariff on all steel imports and a 10% tariff on aluminium. Trump initially said tariffs would apply to all steel and aluminium exporters, but a week later, under pressure from Republican free traders, Mexico, Canada and Australia were temporarily excluded, while negotiations on the North American Free Trade Agreement continued.