Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain stable on August 18, 2021 as the market continue to be in a stalemate. Suppliers have strong rised mentality while downstream buyers are cautious. Most participants wait for the new guidance from the market. 

China’s molybdenum powder price maintains stability on August 19, 2021. The tight supply of molybdenum raw materials and the steady demand from steel companies are the main reasons for traders’ firm offers. However, the price of ferro molybdenum in Europe has been corrected and the international molybdenum market is less active, which may affect the domestic molybdenum market.

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices edge lower on August 19, 2021 under lukewarm demand in the market.

The University of Kentucky (UK or UKY) successfully carried out a pilot test of a facility designed to use advanced extraction technology to extract miscellaneous rare earth elements from coal and its by-products under the project funding of the National Energy Technology Laboratory (NETL) of the U.S. Department of Energy. The produced concentrate of miscellaneous rare earth oxidation (MREO) was as high as 98%, reaching the initial project goal.