Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, February 11, 2022 with the impact of increased guide prices from listed tungsten companies for the first half of this month. 

At the beginning of the week, China’s domestic molybdenum market showed signs of improvement. In addition to the impact of the Winter Olympics, the strengthening of environmental protection control was the main reason for the production restrictions of some intermediate smelting enterprises. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices continue to increase at the beginning of the week. In addition to the recent resumption of work and production by downstream enterprises, which has greatly increased the market transaction enthusiasm and improved the confidence of suppliers to be reluctant to sell and support prices.

A recent study at Rice University may solve the issue of rare earth elements (REEs) that are difficult to obtain and difficult to recover. Rice chemist James Tour's lab reports that they have successfully extracted rare earths from waste in yields high enough to solve manufacturers' problems while generating a handsome profit for them.