Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten prices in the Chinese market continue to keep firm at the end of October because the market is still in a stalemate. 

China molybdenum price remains weak adjustment on October 28, 2021 because the steel tenders failed to meet market expectation and the international molybdenum market’s support capacity is limited. 

China rare earth prices are still showing a steady upward trend on October 29, 2021 Under the combined effect of supply reduction, increasing demand and favorable policies. The transaction prices of many mainstream products have reached new highs during the year. 

Xiamen Tungsten Co., Ltd. (XTC) New Energy Materials (Xiamen), China's largest manufacturer of cathode active material (CAM) for lithium-ion batteries, has signed a supply agreement with Jingmen GEM, a wholly owned subsidiary of Green Eco Manufacturing (GEM), a major cathode active material precursor producer, to strengthen cooperation in the supply of cathode active material precursors.