Tungsten Mining NL has signed an agreement to acquire Pilbara Minerals' Tabba processing plant in Western Australia.

Researchers in Japan have used computer simulations to model the movement of impurities in tungsten used to line the walls of nuclear fusion reactors. Their findings, published in Nuclear Materials and Energy, bring practical fusion reactors one step closer to reality. Instead of splitting atoms apart like in present day nuclear reactors, nuclear fusion generates energy by fusing atoms together.

Market quotation: the latest price of tungsten concentrate, ammonium paratungstate and tungsten carbide powder continues to increase, to tungsten carbide powder the latest price stability.

Rare earth products price in China remains high level, but there is still upside for market. This year, the effect of cracking down on illegal activity in rare earth market is apparent.

Since August, price of tungsten products in China remains high level. Support of supply side remains strong and demand remains relatively weak.

Rare earth price sustains steady growth, and praseodymium neodymium varieties maintain a strong momentum. Downstream demand of strong magnetic materials is strong.

Opening this week, tungsten market in China maintains the growth. Especially for ferrotungsten, cost pressures began to influence the market, constantly expanding the price, of which the price has reached RMB 135,000/ton and is gradually increasing to RMB 140,000/ton.

Rare earth price in China is relatively stable. In July 31st evening, Northern Rare Earth said that the overall supply and demand situation has not fundamentally changed, despite the recent price  have increased in varying degrees, the demand rebounded modestly and the overall situation  has been improved.

Tungsten concentrate market quotation: the latest price of tungsten concentrate, ammonium paratungstate and tungsten carbide powder remain high level.

Price of rare earth in China showed steady growth last week. Magnet material, still driven by the new energy automobile demand, shows well. This week's opening is at the end of the month, the market mentality is temporarily stable.