Analysis of latest tungsten market from ChinaTungsten Online

China tungsten concentrate market gets a boost when Chinese environmental checks launched on August 22. Low-price products reduce in the market, but actual trading volumes have not enough strength to put up prices. 65% black tungsten concentrate price hovers around $15,384.6/t.

Chinese molybdenum prices show good signs as molybdenum mines stopping production to undergo repair tightens the supply of raw materials. ChinaTungsten Online assessed ferromolybdenum price rises to RMB 131,000.00/ton from RMB 130,000.00/ton; molybdenum concentrate stands at RMB 1,820.00/ton from RMB 1,800.00/ton and molybdenum oxide at RMB1,940.00/ton from RMB1,920.00/ton.

Rare earth market quotation in China: domestic rare earth price is unchanged from previous trading day on usual quiet trading activity. Listing prices of Southern Rare Earth were basically stable on Monday August 23. Chinese environmental checks and off-peak season make market participants remain heavy wait-and-see mood. On the whole, the price would stabilize in the rest of the week. 

The research team led by Professor Sun Jian and professor Wang Huitian of Nanjing University has developed machine-learning to accelerate crystal structure search and predicted a superhard tungsten nitride which is the hardest transition metal nitride so far. Related papers and cover articles were published in Science Bulletin, No. 13 of 2018.