Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continued to rise this week affected by the Wuhan coronavirus that is very easy to spread with the movement of the crowd.

Chinese rare earth prices maintain stability on Feb. 11, 2020 due to low trading activity as a result of Wuhan coronavirus. Now, concerns about the movement of units originating from China grew as the week went on. The Chinese government has already imposed restrictions on the movement of people and goods, and extended the holiday until Monday February 10; 

Chinese molybdenum prices edged higher under the situation of various uncertain factors. The terminal side has the demand for the products while the raw material side is in short supply. 

Molybdenum oxide nanomaterials, calcium phosphate (Caps), and gold nanoparticle (AuNPs) materials own towering antiviral potential, some of them have been clinically applied. Hazardous viruses (such as HIV, HBV, PIV, etc.) still be tricky, while new mutant viruses, such as 2019-nCoV, avian influenza virus, and H1N1 influenza virus have presented. The main reason for some viruses hard to control is that these viruses infect the mucosal surface, and are prone to antigenic mutations and resistance mutations, which led to clinical prevention or treatment not effectively.

Researchers have found evidence from areas rich in lithium in zircon crystals, which indicate that the Earth magnetic field or earlier than expected. According to Science, researchers have found more evidence that our planet had a strong magnetic field 4.2 billion years ago or 350 million years after Earth formed, which was 750 million years earlier than previously thought. The magnetic field will put a protective cover on the earth to protect the atmosphere from the sun's high-energy particles, and helping life to gain a foothold.

Democratic presidential hopeful Michael Bloomberg unveiled a plan that would require all new vehicles sold in the US to be electric by 2035, which may stimulate the rare earth industry. Rare earth is known as the industrial "gold". It is widely applied in various fields. The demand for rare earth resources required to make batteries continues to rise due to the development of electric vehicles is advanced rapidly.

The power supply in Mercedes-Benz Vision AVTR is completely free of rare earth and metals, which envisions a world of organic battery technology made of recyclable material. According to foreign media reports, Mercedes-Benz launched a new concept car-Vision AVTR at CES 2020. This forward-looking car design is inspired by the epic film "Avatar" by James Cameron. To reflect the ecologically good mobility and interaction between passengers and vehicles, this concept car also uses new green materials.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are unchanged from the previous trading day as a result of quiet trading activity in the market. Now most factories stop production and making offers. The shipments will be arranged after the holiday of Chinese Spring Festival. While terminal buyers are not likely to stock up with heavy wait-and-see attitude. 

The neodymium oxide, europium oxide and praseodymium oxide prices in China continue to maintain stability on Jan. 21, 2020. First, most of the rare earth smelting companies have suspended their operations or entered the state of maintenance with the approaching of Spring Festival, which has tightened the supply of raw materials. Traders have a strong rised mentality and are unwilling to sell at low prices.

The ferro molybdenum and molybdenum powder prices in China are unchanged from the previous trading day due to heavy wait-and-see attitude of traders and low trading activity in the whole market. Now most insiders focus on the demand in the terminal side and sales in the raw material markets after the holiday.