Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s domestic tungsten price continued to be firm despite of environmental protection, seasonal natural disasters and other pressures. In the short term, participants will wait for new guide prices from companies and associations, and pay attention to the impact of the Delta epidemic on the global economic and trade environment.

Greenland Minerals Ltd. is continuing to negotiate the licensing procedures for its Kvanefjeld Rare Earth Project and is currently awaiting the second phase of consultation on September 13. Based on 108 million tons of ore reserves, the initial mine life of the Kvanefjeld project is 37 years.

The task force group report focused on domestic manufacturing and Chinese influence in the U.S. market. The group stated that the "large amount" of rare earth materials was "exclusively from the People's Republic of China"

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten market continued to remain strong in the week ended on Friday, July 30, 2021 with different attitudes towards the outlook. Raw material manufacturers still have strong rised mentality while intermediaries and downstream users are cautious to avoid risks given that the price is high at present.