Huge reserves of precious metals such as tungsten and molybdenum embedded in the tops and slopes of the seamounts and sea platforms from 800 to 2,500 meters. The deep-sea mining could solve mineral shortages, meantime brings a new ocean threat - affecting the ecosystem and biodiversity in ways scientists say they don't yet fully understand.

The United States has been planning to counter the Chinese rare earth trump card in the Sino-US trade war. George Bennett, the new chief executive of Rainbow Rare Earths, said this month that the company is aiming for a near 20-fold production boost and hope to replace processing of China and wouldn't take a Chinese partner.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China continues to climb as the average tungsten forecast prices from large institutions and offers from listed companies were raised. Tungsten ore sellers and smelting factories have strong willingness of rebound and thus their quotation rise slightly.

The europium oxide, cerium oxide and dysprosium-iron alloy prices in the Chinese market remain stable in early September, although the whole rare earth prices show signs of rise on tightening availability of raw materials. 

The sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices in the Chinese market maintain stability at the beginning of September as the market is in a stalemate. 

Tungsten and rare earth are previous reserves which are the cornerstone of human industrial civilization, affecting the national economy and people's livelihood. By recycling rare earth elements from electronic waste, GEM is creating a sustainable, domestic supply of the resources necessary to produce next-generation technologies, including everything from electric cars and iPhones to MRI machines and missile guidance systems.

Analysis of latest tungsten market from Chinatungsten Online

Ganzhou Tungsten Association(GTA) released its average tungsten forecast prices for September: wolframite concentrate price was $11,060.6/t, up $681.8/t from last time; APT price was $193.5/mtu, up $7.7/mtu; medium particle tungsten powder prices was $27.3/kg, down $0.3/kg. 

Rare earth market quotation in China: the dysprosium-iron alloy price keeps stable while terbium oxide and neodymium oxide prices climb slightly as market inquiry becomes active and insiders are confident of market outlook. 

Molybdenum market quotation in China: the latest prices of ferro molybdenum, molybdenum oxide, molybdenum bar are unchanged from last week on thin market trading and heavy wait-and-see atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability when market participants face pressure from the demand and capital sides. Most of insiders are waiting for the average tungsten forecast prices from Ganzhou Tungsten, new offers from listed tungsten companies and the auction of Fanya stockpiles.