The White House issued a statement that in order to boycott China's acquisition of US technology, The US “will impose a 25 % tariff on $50 billion of goods imported from China containing industrially significant technology, including those related to ‘Made in China 2025’,” the White House said, referring to the Chinese government’s policy to support domestic development of strategic technologies. The list of specific commodities was then announced on June 15, and tariffs will be implemented shortly thereafter.

A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. With the development of technology, the application of lithium-ion batteries are everywhere in our lives, such as smart phones, tablets, laptops, game controllers, cordless power tools, beauty products, digital cameras, video cameras, cars, etc.

At the just-ended Automotive Engineering Exhibition Yokohama 2018, Toshiba Materials exhibited an ultra-fast charging lithium-ion battery with a negative electrode material using purple tungsten oxide. Applications of the battery range from automotive, elevators, micro/mild hybrid vehicles, trains, uninterruptible power supplies (UPS), large current sources, to power supply stabilizer. It has an excellent and broad application prospects. As a leader in the field of lithium-ion battery technology, It is likely that Toshiba could probably put this new material into commercial use, which may further expand the demand for tungsten oxide.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices continue to be unchanged on deadlocked supply and demand, uncertain fundamental and macroscopic sides. Unusually quiet trading activity in tungsten market appears to press prices down. At present, weakness in terminal demand affects the market greatly, further lowering transaction prices. In the short term, tungsten price changes slightly.