Molybdenum market quotation in China: the latest prices of ammonium molybdat, ammonium heptamolvbdate and molybdenum bar declined slightly although the market released good signs for traders. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices remained weak adjustment in the week ended on Friday November 15, 2019. The supply of raw materials increased while downstream demand remained lukewarm. In addition, traders faced pressure of sales in wake of capital shortage in the fourth quarter. But raw material prices got support from environmental protection policy and high cost. 

The Tōryū-class diesel-electric attack submarine (SSK) for the Japan Maritime Self-Defense Force (JMSDF) equipped with lithium-ion batteries entered the water in a ceremony held at Kawasaki Heavy Industries (KHI)'s facilities in Kobe on the morning of November 6. It is the second lithium battery attack sub in Japan and as the Japanese next-generation sub verification boat numbered as SS-512.

Transition Metals Corp (Transition) acquired a tungsten project in Ontario, Canada. The company is a Sudbury, Ontario-based company and pleased to reveal that it has purchased a 100% interest in the Fostung Property located at Sudbury, Ontario, the property hosts a historic tungsten trioxide (WO3) skarn resource that was stated in 2007 to contain an inferred mineral resource of 12.4 million tonnes grading 0.213 by weight of WO3 minerals, according to a press release.

Europe plans to launch the CERA (Certification of Raw Materials) platform for tungsten, cobalt and lithium, based on blockchain to ensure the consistency of environmental, social and economic impact assessment standards throughout the raw material value chain, according to the website of the Ministry of Natural Resources of the People's Republic of China.

Both lithium-ion and sodium-ion batteries are rechargeable, which operation mainly relies on the transfer of ions between the positive and negative electrodes. With the 2019 Nobel Prize in Chemistry was awarded to three scientists who made a milestone contribution in the field of the lithium-ion battery: John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, it is they who open the first door of light in the dark, let the battery fundamentally change our world.

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices are unchanged from the previous trading day because weak consumer appetite affects the whole trading atmosphere in the industry. Raw material manufacturers keep low operating rate while smelting factories face great pressure of price inversion on stricter environmental protection and high costs. In the short term, the market is expected to stabilize.

A world-class clay-type lithium mine discovered in the US, according to the Mining News website, Jindalee Resources Ltd (Jindalee) has received the final assays from a recent drilling program at McDermitt Lithium Project in Nevada, USA, and revealed that the mine has become one of the largest lithium deposits in the US.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten concentrate prices in China remain weak adjustment since late October due to lukewarm demand from end users after customers retreated from the market. Insiders are not optimistic about the outlook as a result of consumer destocking, a global economic slowdown and geopolitical turmoil. 

Rare earth market quotation in China: rare earth prices are unchanged from the previous trading day as the market is in a stalemate with thin market trading.