Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, September 23, 2022 with the impact of weak demand, repeated COVID-19 in domestic market, geostrategic conflict, economy recession and other factors. In addition, China’s state-owned tungsten companies also lowered down their long-term contract prices for the second half of this month. 

Rare earth market quotation in China: terbium oxide price increases slightly while neodymium oxide and cerium oxide prices remain unchanged on September 26, 2022. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and oxide prices continue to be strong at the beginning of the week due to tight raw material supply. 

Rare Earth Supplier, Neo Performance Materials of Canada announced a deal to begin mining rare earth metals in Greenland. One of the world's last rare earth processors outside of China is buying mining rights in Greenland to reduce dependence on Russia’s ore and stabilize prices, the latest move by Western companies to diversify their supply chains in the wake of the Russia-Ukraine conflict.

Saskatchewan, Canada receives a total of $7.5 million in funding to support Canada's first-ever rare metals processing facility in Saskatchewan. In Saskatchewan, mining and mineral exploration play an integral role in shaping the economy. Whether it's potash for agriculture, uranium for clean fuels, helium for medical and industrial applications, or a myriad of other applications.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remain weak on September 22, 2022 with the impact of COVID-19, strained relations between Russia and Ukraine, and the settle of Fed’s interest rate hike. 

China rare earth price was mixed in the week ended on Friday, September 23, 2022. The prices of dysprosium oxide and DyFe rose slightly while praseodymium neodymium oxide and metal prices edged lower.

China molybdenum price was in the upward trend in the week ended on Friday, September 23, 2022 affected by the increase in price and quantity of steel tender as well as the tight sport supply. Meanwhile, market transactions also followed up.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and ferro tungsten prices continue their weakness affected by unstable factors such as energy costs, inflation, COVID-19 and geographical conflicts. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices remained weak adjustment in the Chinese market due in part to low trading activity of market participants.