In November 22nd, the famous BOSCH company issued a car brake system called iDisc. It is worth noting that the iDisc brake system uses a tungsten carbide sprayed brake disc, cleaner and more efficient. The future system is expected to be a great magic weapon for the German family car to cope with the fierce competition in the global car market.

Analysis of latest tungsten market from Chinatungsten Online: Tungsten market in China is both weak in supply and demand, the flow of goods from upstream to downstream industry chain is greatly affected by the environmental checks. Market trading is thin as both sellers and buyers are caught in wait-and-see atmosphere. Offers of mainstream tungsten products have been remained stable recently.

Chinese rare earth price climbs slightly this week amid the price of praseodymium oxide, praseodymium neodymium metal and europium oxide remains unchanged. 

Chinese molybdenum price stabilizes after a period of weak adjustment. Earlier this week, the price decline in large mines weakened market confidence, plus with continuous weak demand, the prices of molybdenum concentrate and molybdenum oxide fell. Affected by risks of cost overhang, ferro molybdenum manufacturers stabilized product offers.

Analysis of latest tungsten market from Chinatungsten Online: The environmental checks affect Chinese tungsten market greatly. The operating rate of APT smelting factories is low, boosting prices of products related with tungsten powder and tungsten carbide powder. Although miners have poor shipments, they are reluctant to lower product offers. 

The latest price of neodymium oxide, dysprosium oxide and praseodymium neodymium oxide continues to maintain upward trend because the environmental checks reduce the operating rate of factories and downstream magnets enterprises’ stocking up boosts market confidence of sellers. 

Chinese molybdenum price remains weak adjustment this week as prices in the molybdenum raw material side showing signs of decline further weakens downstream manufacturers’ confidence. 

Analysis of latest tungsten market from Chinatungsten Online: Affected by the environmental protection policy, goods in the spot market are tight, thin trading volumes weakens traders’ rised mentality and market offers stabilize. Chinese tungsten market is now caught in heavy-wait-and-see atmosphere. 

Rare earth market quotation in China: domestic rare earth price continues its upward trend affected by the environmental protection inspection and the rise of offers of large rare earth enterprises. The deadlocked supply and demand is eased as rare earth enterprises reducing production are reluctant to sell and downstream customers become active in enquiry. Trading volumes now are limited.

Chinese molybdenum price is weak amid the price of molybdenum concentrate and molybdenum oxide declines slightly and ferro molybdenum price remains unchanged. Representative miners in Heilongjiang lowered product offers earlier this week, which enhances traders’ negative mentality. Trading atmosphere is quiet at present.