Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium paratungstate (APT) prices are unchanged from the previous trading on November 15, 2022 as market participants are not active in trading.

Rare earth market quotation in China: praseodymium oxide and praseodymium neodymium oxide prices continue to decline on November 16, 2022 mainly due to low trading activity. 

China molybdenum price increases on the whole on November 16, 2022. Under the background of the small stock in the market and the difficulty in increasing the supply in the future, steel companies have intensively entered the market to bid for ferromolybdenum and the bidding price is acceptable, which has greatly increased their confidence in raising prices. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability on November 14, 2022 due in part to continued weakness in the demand side as well as the instability of the external environment. 

Northcliff Resources (TSX: NCF) has shared its findings from new research on tungsten-ion batteries. Research conducted by the University of Cambridge and partner Nyobolt has been investigating the advantages of anode systems based on niobium and tungsten over lithium-ion battery systems and has recently made new advances.

Researchers have miniaturized a spectrophotometer consisting of molybdenum disulfide and tungsten diselenide onto a chip that can analyze visible and partial infrared spectra at any wavelength (Science 2021, DOI: 10.1126/science. Add 8544). According to its inventors, this device is the smallest device that works at ambient temperature and can be used in portable devices.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, November 11, 2022. 

At the beginning of the week, China rare earth price is weak on the whole. Although the listed price of Northern Rare Earth dropped slightly this month, which had a certain negative impact on the market, due to the fact that downstream users basically maintained rigid demand purchases and the market’s small inventory, sellers still have strong rised mentality. 

At the beginning of the week, China molybdenum price moves up slightly on the whole, mainly due to the concentrated bidding of ferromolybdenum by steel companies last week and the rigid release of raw material manufacturers’ production capacity. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten carbide powder prices continue to be weak as the recent severe epidemic in many places in China has intensified the consumption pressure of cemented carbide ends to a certain extent.