Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continued to be weak due to the unsatisfactory state of demand, the frustration of merchants, and the lackluster trading sentiment. 

At the beginning of the week, the domestic rare earth market as a whole showed a pattern of ups and downs. Under the influence of many uncertain factors, the price trends of light and heavy rare earths were different.

At the beginning of the week, China’s overall domestic molybdenum market was still weak. With many positive and negative factors intertwined, the buyer's market had a relatively large advantage, mainly reflected in the continuous reduction of suppliers' quotations and no obvious increase in transaction volume. 

Researchers at Lawrence Livermore National Laboratory (LLNL) announced that they observed the first net increase in fusion energy at the end of 2022 and they showed how tungsten alloys could be improved for use in advanced nuclear fusion reactors. This study could be a landmark study because the enormous energy produced by fusion could provide a carbon-neutral pathway for millions of homes and businesses. However, translating this achievement into practical nuclear energy will require innovative technologies to bring a fusion-powered society to reality.

A research group at the Hefei Institute of Materials Science (HFIPS), Chinese Academy of Sciences, recently investigated the relationship between microstructure evolution and property degradation of two representative second-phase dispersion-reinforced tungsten alloy composites after thermal fatigue damage of electron beam thermal loading, and the related study was published in the Journal of Materials Science & Technology.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continued to be weak on March 21, 2023 when the new round of quotations from listed tungsten companies was lowered as expected, which is in line with the current basic market conditions. 

The domestic rare earth market as a whole maintains a stable operation on March 22, 2023. 

The overall center of gravity of domestic molybdenum prices is still moving down significantly on March 22, 2023, mainly reflected in the price reduction of molybdenum concentrate, ferromolybdenum, ammonium heptamolybdate and molybdenum powder to 4,200 yuan/mtu, 275,000 yuan/ton, 278,000 yuan/ton and 555 yuan/kg, respectively.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of this week, China tungsten price continued to be weak and stable when the market trading sentiment did not improve, and buyers and sellers had different mentalities for negotiation.