Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices are unchanged from the previous trading day affected by the continued quiet market and low trading activity of the market participants. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices remained weak adjustment due to poor demand as well as the sufficient supply of raw materials. 

The overall decline in the Chinese rare earth market is mainly due to the imbalance between the supply and demand of rare earth raw materials, that is, the limited consumption capacity of downstream users. 

The overall situation of the Chinese molybdenum market is not good, which is mainly reflected in the low sentiment of traders entering the market, the obvious decline in the price of molybdenum products, and the small actual transaction volume.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remained stable mainly due to the continued weak market with rare deals concluded. It will still take time for the market economy and consumption to fully recover from partial recovery. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday April 7, 2023 affected by the decline in new guide prices from listed tungsten companies as well as tungsten association. 

Rare earth market quotation in China: neodymium oxide, gadolinium oxide and dysprosium oxide prices moved down on April 10, 2023, mainly due to weak demand from downstream users and limited positive support. 

At the beginning of the week, China’s sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are unchanged from last week because the market remains stable temporarily. 

US Critical Materials Corp. has revealed that they have discovered the highest-grade rare earth deposit ever found in the United States. Analytical results from Activation Labs, a highly respected independent analytical laboratory based in Ancaster, Canada, confirm that the deposit has the highest rare earth oxide (TREO) content in the United States. This discovery could be critical to advancing the domestic rare earth supply chain, which is essential in the green transition.

A team of chemists, engineers, materials scientists and physicists from Princeton University, Rutgers University and the University of Regensburg has developed a chemical exfoliation technique to produce monolayer molecular tungsten disulfide ink. The team described their technique in detail in a paper published in the journal Science Advances.