The deep sea is rich in cobalt, rare earth and other rare metals, your next lithium cell phone battery may come from the depths of the sea. 19th-century French science fiction writer Jules Verne described a fragment in his famous work "Twenty Thousand Leagues Under the Sea": "These mineral deposits are located under the sea, just like Newcastle's coal pits. Putting on a wet suit, holding a hoe and a shovel, my crew is responsible for coal mining, so I don't need to ask for coal on the ground."

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are expected to maintain stability this week. With the approaching of Chinese Spring Festival, factories start to stop production, logistics gradually stop picking up goods and some companies finish the replenishments. So the whole market keep quiet.

Lithium battery safety has always been a major concern for EV owners. Therefore, IBM and Daimler are set to improve cell safety. According to information, the current annual rate of new energy vehicle combustion accidents is about 0.9 to 1.2 per 10,000. Although this figure is lower than 2 to 4 per 10,000 fuel vehicles, it cannot be underestimated. Among these accidents, the rate of ternary lithium batteries accounted for the highest, reaching 89%. Domestic and foreign vehicle and battery suppliers are also intensifying research and development on battery safety.

China rare earth prices remain weak adjustment as a result of continued deadlocked supply and demand, and thin market trading. In the light rare earth market, under the stricter environmental protection and cold weather, the output of some northern rare earth smelters has been relatively limited, which has slowed the growth rate of spot inventory and boosted the confidence of most suppliers. Due to slightly weak demand, it is relatively difficult to raise prices.