Baotou Zhongke Xuanda New Energy Technology Co., Ltd. (hereinafter referred to as Zhongke Xuanda) establishes stable production of new rare earth hydrogen alloy electrode materials for energy storage with independent intellectual property rights in domestic. The process and product control system, as well as the products, are highly valued by various power battery manufacturers, according to the information of Baotou Rare Earth High-tech Zone.

Bell Copper Corporation announced that it has drilled into a new, large, and truncated copper-molybdenum porphyry target at its Big Sandy project, the porphyry is located in northwestern Arizona, approximately 30 kilometers south of the Company's Perseverance Project.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is unchanged from the previous trading day on January 14, 2021 as market trading declines slightly. 

China rare earth price was strong in the week ended Friday January 15, 2021 due to tight supply of raw materials and increased consumption of magnetic material companies.

China molybdenum market was in a stalemate in the week ended on Friday January 15, 2021. With the influence of the stabilities in global economic market and geopolitical risks, international molybdenum prices fell slightly and the price in China also showed weak.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten carbide powder and ammonium metatungstate (APT) prices in China are expected to stabilize in the short term. Although the supply in the market continue to be tight affected by power limit, environmental protection, a second wave of Covid-19 and low operating rate of factories, most consumers keep cautious sentiment and market activity start to decline. 

China rare earth price still maintains a steady upward trend on January 14, 2020. Under the intertwining of long and short factors, upstream merchants generally have a strong mentality of holding stocks and reluctant to sell them, while downstream users do not accept high-price resources and basically maintain just-need purchase. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices rise slightly on January 14, 2021 when insiders show different attitudes towards the outlook.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in China are in the upward trend benefiting from tight supply of raw materials, high production cost and the rise in new offers from listed tungsten companies. 

In the context of large consumption of downstream magnetic materials companies and strong rised mentality of upstream merchants who hope to increase product prices, the prices of light and heavy rare earth products have increased to varying degrees, and there are more transactions concluded. The short-term market may be strong.