Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable on the whole in the week ended on Friday July 10, 2020. Ganzhou Tungsten's new tungsten forecast prices and listed companies' offers adjusted slightly, supported the market confidence. Sellers were reluctant to cut prices while buyers remained cautious. The whole market was quiet. 

Rare earth market quotation in China: the terbium oxide and DyFe prices drop slightly while praseodymium neodymium oxide price remains unchanged on heavy wait-and-see atmosphere and low trading activity. 

Molybdenum market quotation in China: ferro molybdenum and molybdenum oxide prices continue to decline due to a stalemate setting between the supply and demand sides. Downstream buyers seek for lower prices but upstream mainly take a watchful stance for higher prices. As a result, new orders are hard to increase. 

On most modern cars, brake rotors are made from either cast iron or carbon ceramic materials. But Porsche has recently implemented another type of brake rotor that's set to revolutionize the industry, using a material called tungsten carbide.

Major Chinese tungsten producer Chongyi Zhangyuan Tungsten has acquired mining rights to the Huangzhulong tungsten deposit in the southern province of Jiangxi, with a mining license area of 0.6123 square kilometyers, valid until December 21, 2021.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to maintain stability as the manufacturing disruptions and Covid-19 lockdowns have dampenedmarket demand for tungsten products since the beginning of the year. 

China rare earth price showed different trends in the week ended on Friday July 10, 2020 under the interweaving of positive and negative factors. The transaction frequency between buyers and sellers was not very high, so the market atmosphere was relatively calm. 

Molybdenum market quotation in China: ferromolybdenum and ammonium heptamolvbdate prices declined slightly while molybdenum bar price maintained stability in the week ended on Friday July 10, 2020 as production cost was hard to support firm offers of suppliers. 

With the vigorous development of the new energy vehicle industry, the demand for power lithium-ion battery continues to heat up, causing many lithium-ion battery materials to face supply shortages. Many people in the industry said that whoever has the upstream lithium resources, nickel resources and cobalt resources will have the initiative to develop power batteries.

As the lithium-ion batteries that power most phones, laptops, and electric vehicles become increasingly fast-charging and high-performing, they also grow increasingly expensive and flammable.