With China Molybdenum Co winning the auction for ammonium paratungstate (APT) held in inventory on the collapsed Fanya Metal Exchange, market participants anticipate this is a positive sign for the tungsten market with China Molybdenum unlikely to offload the material anytime soon if it wants to make a profit.

Transition Metals acquired a 100% interest in the Fostung property located near the town of Espanola, Ontario. The property hosts a historic tungsten trioxide (WO3) skarn resource that in 2007 was stated to contain an inferred mineral resource of 12.4 million tonnes grading 0.213 wt. % WO3.

The highest averages have been released from the Belgian Darts Championship 2020 which took place this past weekend. It saw Gerwyn Price claim the title but he didn’t finish top of the averages, with Danny Noppert taking the honours.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices keep stable on the whole as the tightening availability of raw material due to the Coronavirus reduce the impact of weakness demand. Sellers are not willing to cut profits for more sales while downstream buyers prefer to consume their current stocks first. In the short term, market participants pay more attention to the new guide prices from listed tungsten companies. 

Rare earth market quotation in China: the latest of praseodymium oxide and europium oxide prices are unchanged from the previous trading day while terbium oxide and dysprosium oxide prices continue to climb in early March. Most market participants are not willing to purchase high-price resources and thus new increased orders are rare. 

The overall situation of Chinese molybdenum market has not shown significant fluctuations for the time being. Due to the successive launch of tenders by steel mills, the mentality of buyers and sellers has improved slightly. Most molybdenum chemical product prices have stabilized, but the actual transaction volume is still scarce.

In the research and development of polylactic acid (PLA) rare earth toughening modifier, Baotou Research Institute of Rare Earth in Inner Mongolia has achieved breakthroughs. Test results of the PLA modifier could meet the technical requirements of downstream customers.

A team of researchers from Plex Corporation, Bruker Scientific LLC, and Harvard University found evidence of extraterrestrial protein inside a meteorite that contains oxygen, lithium, and iron atoms at its ends. They have written a paper describing their findings and have uploaded it to the arXiv preprint server.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market maintain stability in the week began on Monday March 2, 2020 when more local governments have reported that various industries and projects have started working gradually over the weekend. 

The terbium oxide and neodymium oxide prices in China continue to rise while cerium oxide price keeps stable in early March. Recently, the market has been caught in heavy wait-and-see atmosphere with limited deals concluded under the interweaving of multiple positives and negatives factors.