Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices continue to increase on August 3, 2022 supported by market confidence, relatively tight supply of raw materials despite of continued weak demand. 

A recent study published in Nano Letters addresses the issue of real-time temperature detection sensitivity by building a flexible sensor from a monolayer of molybdenum disulfide (MoS₂) capable of sensing temperature changes within a few microseconds, about 100 times faster than the commonly used thin-film metal detectors.

Molybdenum (Mo) is the critical component in an electrochemical hydride transfer catalyst that was examined by the King Abdullah University of Science and Technology (KAUST) researchers. The molybdenum-based catalyst brings sustainable fuel and chemicals one step closer to being an actual reality.

In recent years, Western countries have sought to diversify their rare earth imports to reduce their dependence on China and Russia, with the United Kingdom, the United States, and other Western allies announcing last month the Mineral Security Partnership, an initiative to make the supply chain more "secure”. In the context of diversification efforts, Türkiye's newly discovered large reserves of rare earth elements (REEs) could play an important role for the West.

Pensana PLC, a rare earth developer based in the north of the UK, said it is building a rare earth facility that will begin production by the end of 2023, the first major rare earths facility to be developed in more than a decade that will be powered by offshore wind.

Greenland Minerals Ltd said it will oppose the Greenland government's draft decision not to grant it a rare earth license for the Kvanefjeld rare earth project on the grounds that a piece of legislation prohibits uranium exploration.

Analysis of latest tungsten market from Chinatungsten Online

The domestic tungsten price was relatively strong at the beginning of the month, mainly due to the support of the upstream market in the industrial chain, and the industry's expectations of industrial consumption under the background of domestic economic recovery have warmed up. However, during the overseas summer break, the actual consumption of downstream terminals has not yet rebounded significantly, and the purchasing sentiment is still cautious.

Rare earth market quotation in China: neodymium oxide, lanthanum oxide and dysprosium oxide prices are still in the downward trend when traders are hesitant to enter the market, the actual trading volume is low, and the market is bearish in the short term. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices drop on August 3, 2022 mainly due to the decrease in both the quantity and price of steel, the poor performance of the international molybdenum market, the large stock of molybdenum raw materials in stock and the slow growth rate of the global economy. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price edged higher with the support of costs of raw materials as well as the rised mentality of sellers. The enthusiasm of smelters and intermediate traders for bottoming and rebounding has increased, and resources at low levels in the market have decreased. Mainstream tungsten product offers have been raised.