Analysis of latest tungsten market from Chinatungsten Online

At the beginning of April 2023, China tungsten price was temporarily stabilized because most market participants are waiting and seeing the new round of guide prices from institutions and large enterprises.

Norway has discovered a "substantial" of metals and minerals ranging from copper to rare earths on the seabed of its extended shelf. These resources are of high interest for their role in the transition to a green economy. The Nordic country, a major oil and gas exporter, is considering whether to open its offshore areas to deep-sea mining, a process that requires parliamentary approval and raises environmental concerns.

According to the U.S. Geological Survey (USGS), Vietnam is estimated to have the world's second largest mineable rare earth resource after China, with reserves of 22 million tons, compared to China's 44 million tons. North Korea holds the world's largest deposits, but sanctions have prevented the resource from being exploited in the global rare earths supply chain.

Researchers at Pacific Northwest National Laboratory (PNNL) and Virginia Polytechnic Institute and State University are using tungsten (W) materials research to achieve the goal of generating energy through nuclear fusion. In the paper, published in the journal Scientific Reports, the researchers propose improving tungsten heavy alloys by mimicking the structure of sea shells to make nuclear fusion energy.