Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices remain stable in late May, 2021 because the market is in a lukewarm state. Raw material manufacturers are reluctant to sell while downstream buyers keep cautious sentiment. 

On May 20, Namibia Critical Metals Inc. (Namibia Critical Metals) announced that it has updated the NI 43-101 mineral resource estimate for the Lofdal Heavy Rare Earths Project in northwestern Namibia.

The Sydney-based Australian Bauxite has just discovered the highest level of rare earth elements to date in the DL130 bauxite project in northeastern Tasmania. The company stated that the near-surface results of the ongoing drilling activities of the DL130 show strong enrichment of the rare earth element (REE) neodymium in the super-magnet. The tests performed from the protruding borehole included 1 meter-scale 145.8 ppm neodymium, 34.55 ppm dysprosium, 34.52 ppm praseodymium, and 5.55 ppm terbium.

Researchers of Karlsruhe Institute of Technology (KIT Karlsruhe), Germany, have developed an innovative approach to process tungsten, making this brittle material soft with new process parameters for electron beam melting (EBM). Tungsten components processing utilizes electron beam melting is an additive manufacturing method that accelerates electrons under vacuum to selectively melt metal powder, and, in this way, produce a 3D component in an additive way, that is layer by layer.