According to the latest figures from the International Molybdenum Association (IMOA), the global production in the second quarter of 2020 was 67,222 tons, an increase of 3% from the first quarter and a 3% increase from the second quarter of 2019, and South America has replaced China to become the global largest producer. Global use of molybdenum also rose by 3% to 126.9mlbs when compared to the previous quarter, but fell by 14% when compared to the same quarter of the previous year.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China remain weak adjustment in late October as the bidding among companies weakens industry confidence and drags down product prices. 

Rare earth market quotation in China: neodymium oxide and praseodymium neodymium oxide prices edged higher while europium oxide price remained stable in the week ended on Friday October 30, 2020 with the impact of increased market trading activity.

China molybdenum price kept stable in the week ended on Friday October 30, 2020 as traders held negative sentiment and insiders had different views for the outlook. 

The Jiangxi Provincial Market Supervision Administration has approved two local standards of "Guidelines for Tungsten Smelting Solid Waste Utilization and Disposal Technology Part Ⅰ: Cement Kiln Co-processing" (DB36/T 1295.1-2020) and "Tungsten Smelting Solid Waste Utilization and Disposal Technology Guide Part Ⅱ: Vitrification Treatment (DB36/T 1295.2-2020)on October 22, 2020, the standards will be implemented from the date of issuance.

Including rare earths, India, and Australia to build key technology alliances. Since 2000, the two countries have significantly improved their strategic coordination, military interoperability, and maritime cooperation. Australia has accepted Indian invitation again after 13 years and decided to return to the "Malabar" maritime military exercise to be jointly held by the United States, Japan, and India in November.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain weak adjustment despite high production cost supports suppliers’ strong rised mentality. 

Rare earth market quotation in China: the terbium oxide and dysprosium oxide prices edge higher while c erium oxide price maintains stability on October 29, 2020 when market participants have good expects for the outlook.

Molybdenum market quotation in China: molybdenum oxide, ferro molybdenum and molybdenum bar prices are unchanged from the previous trading day with the influence of the second wave of Covid-19, the US election and geopolitical risks. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China maintain stability in late October as the market is still in a stalemate in the weak of persistent weakness in overseas markets.