Rare earth market quotation in China: terbium oxide, neodymium oxide and praseodymium neodymium metal prices continue to decline in the week began on Monday September 20, 2019 as the supply and demand sides are both weak and most traders maintain cautious mentality. 

Molybdenum market quotation in China: the sodium molybdate, ammonium heptamolvbdate and molybdenum powder prices maintain stability in the week ended on Friday September 20, 2019 on deadlocked supply and demand in the market. 

Xiamen Tungsten Co., Ltd (XTC) announced the company signed a Strategic Cooperation Framework Agreement with Jiangxi Tungsten Holding Group Company Limited (JXTC) and Xiamen Sanhong Tungsten & Molybdenum Co., Ltd, involving two companies under JXTC, four companies involved in Xiamen Sanhong, mainly develops in tungsten ore, rare earth, and molybdenum ore mining.

The Australia government issued a report to announce 15 rare earths and key mineral projects aimed at cooperating with the US to challenge China's dominance in the supply of materials commonly used in the defense and high-tech industries. Australian company Lynas accounts for 10% of the global rare earth market, according to the Financial Times report.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices have risen steadily with the end of Fanya stocks auction. At present, the market is supported as bidding prices exceeding market expectation boosts confidence of traders. The tightening availability of tungsten raw materials make product prices rise and downstream smelting factories are reluctant to sell products. Although inquiry becomes active, transactions need to be followed up. 

Rare earth market quotation in China: the terbium oxide, neodymium oxide and praseodymium neodymium oxide prices drop slightly as the market sentiment was relatively anxious. Recently, there is no significant positive news in the market. The demand from downstream magnetic materials companies is generally weak. Some suppliers have loosened their mentality and slightly increased their enthusiasm for sales. But high raw material costs and the peak season support the market price to some extent. 

Molybdenum market quotation in China: the ferro molybdenum and molybdenum concentrate prices maintain stability in this week while molybdenum oxide price rises slightly when the market is in a stalemate. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China maintain stability as the market is caught in wait-and-see atmosphere. Raw material sellers are reluctant to sell under cost pressure while downstream buyers remain low activity in stocking up. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market was quite in the first trading day after the holiday of Mid-Autumn Festival. The auction of Fanya stocks will be settled this tomorrow and before that, traders in the whole industry took a watchful stance. Most sellers were reluctant to trade under the pressure of high costs. 

For precious materials such as rare earth, researchers want to build a lunar space elevator. Since the launch of the moon landing space depends on costly rockets, landing on the moon has always been a matter of extreme burns. Now, several graduate students at Harvard and Columbia University have done a good job and found that the "spaceline" is technically and economically cost-effective. This new elevator is an orbit of up to 320,000 kilometers!