Including tungsten, rare earths, lithium, and titanium, the European Union (EU) announced a revised list of critical raw materials (CRMs) to 30 items. In addition, in the report, the Commission clearly stated that it seeks to expand its supplier network and reduce its dependence on third-country supplies.

Apple Watch 6 will also use 100% recycled rare earth elements and tungsten to make a tactile engine and will ship without an AC adapter, helping Apple achieve 100% carbon neutrality by 2030. At 1:00 AM on September 16, Apple held a special event to officially launch Apple Watch Series 6, Apple Watch SE, iPad 8, and iPad Air 4. And there is no iPhone 12 that everyone expected.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China start to show sign of decline due in part to increased spot resources as some sellers are will to make shipment for more profits. 

Rare earth market quotation in China: europium oxide, neodymium oxide and cerium oxide prices continue to keep stable on September 16, 2020. Due to the interweaving of positive and negative factors in various aspects, buyers and sellers have slowed down in entering the market and reasonably controlled the growth rate of inventories. Therefore, the activity in the market is not very high, but the market outlook is expected to rebound.

China molybdenum powder, ammonium molybdate and molybdenum bar prices are unchanged from the previous trading day on September 16, 2020 as the market lacks of liquidity with limited new increased orders. 

Analysis of latest tungsten market from Chinatungsten Online

Participants in China’s tungsten market continue to report rising prices for concentrate and ammonium paratungstate (APT) owing to tightened spot supply in the country.

Rare earth market quotation in China: dysprosium oxide price declines slightly while neodymium oxide and cerium oxide prices remain unchanged under deadlocked supply and demand, and mixed international markets. 

The cobalt price in China continues to maintain stability with market inventory continues to stress the market. The industry now is concerned about national purchasing and storage, as well as the production and shipment situation in Congo under the international epidemic and the downstream consumption of new energy vehicles and 5G in markets such as China, Europe and the United States. In the short term, the market is expected to be quiet. 

There are three main materials on the moon: water, helium, and rare earths. The National Aeronautics and Space Administration (NASA) announced that it will collect resources such as rocks and dirt from the moon from private companies.

The US and Europe will face obstacles in their efforts to expand the domestic supply of rare earth for electric vehicles and wind turbines, as well as reduce their dependence on foreign-imports as high costs and environmental concerns. According to MiningWeekly citing Bloomberg News.