The rare earths market has been in comparison with semiconductors in recent years.  However, rare earths and semiconductors seem to be incomparable in terms of industrial scale. Petroleum is the 'blood' of industry, the chip is the 'food' of industry, and the rare earth is the 'vitamin' of industry. Globally, the Middle East controls the petroleum, the United States controls the chip, and China occupies most of the 'vitamin' market.

Recently, the EASYTO·1098 heat-insulating rare earth glass coating of the Northern Rare Earth Institute was listed as the first batch of new materials at the Inner Mongolia Autonomous Region level in 2020. The coating could be applied on the surface of the glass directly, in addition to blocking solar radiation, it can also achieve the effects of heat insulation, heat preservation, and energy saving when combined with hollow glass.

The United States seeks support from allies and joins hands with Japan, India, Australia, Canada and other countries to establish rare earth procurement and supply chains to reduce its dependence on China's rare earths. Especially under the trend of electric vehicles, aluminum is an important raw material. And Mitsubishi Corporation of Japan announced that it will acquire a 30% stake in the Australian Aurukun mine owned by Swiss resource giant Glencore to strengthen its aluminum smelting business.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in China continue to maintain stability in late March owing to low buying appetite of buyers and strong rised mentality of suppliers.