Four new mineralization sites of tungsten, molybdenum, iron, and copper were discovered in Inner Mongolia. According to the Geological Survey Institute of the Inner Mongolia Autonomous Region, recently, the Shenyang Geological Survey Center organized experts to carry out the field acceptance of projects undertaken by the Geological Survey Institute, and the project discovered 4 iron, copper, tungsten, and molybdenum mineralization sites, identified 1 mineralization alteration zone, and delineated 2 prospecting target areas.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment when the cost side is the only support for the market. Low-price resources decrease and downstream demand continues to be weak. The tungsten market is quiet with low transactions concluded. 

China rare earth price was in the upward trend in the week began on Monday November 9, 2020 thanks to trading activity and increased transactions concluded. 

China molybdenum price remained weak adjustment on November 13, 2020 under the deadlocked supply and demand in the market. however, affected by the slight increase in the international price, most insiders have good expect for the outlook.

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) export prices held in a persistently weak overseas market; few deals were concluded within the assessed range. Chinese exporters held their offers firm given strength in the yuan despite the lack of inquiries.

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices rise slightly while neodymium oxide price keeps table on November 12, 2020. As buyers are not very resistant to high-price resources, market trading increases at present. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum concentrate prices are unchanged from the previous trading day on November 12, 2020.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China are under pressure due to persistent weakness in the demand side and negative sentiment of market participants. In the short term, the tungsten may continue its weakness considering the current situation. 

Shailesh Jha, senior manager of the Sun Group, an Indian conglomerate company based in Chennai said he refers to digital India as the industrial revolution of rare earths. Shailesh was speaking in a session with YourStory’s Founder and CEO Shradha Sharma at TechSparks 2020 in a ‘rare’ conversation around ‘rare earth elements’, which is one of a set of seventeen chemical elements in the periodic table–specifically the fifteen lanthanides–as well as scandium and yttrium.

Xi'an Jiaotong University (XJTU) has developed the rare earth element Sm-doped piezoceramics, leading the frontier development of international ceramics. Recently, the American Ceramic Society issued online awards in the field of international ceramics in 2020. Professors Li Fei and Xu Zhuo of Xi'an Jiaotong University won the Ross Coffin Purdy Award. After 35 years, the university once again aspires to the top of international ceramics!