A Chinese court sold the inventory of bismuth and tungsten bar held by the defunct Fanya Metal Exchange for a total of 672.02 million yuan ($95.47 million), notices on the e-commerce platform hosting the sales showed on Saturday.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market continued to remain stable in the first trading day in December due to lukewarm demand in the terminal market. 

Indian Space Research Organization (ISRO) transfers its independently developed space grade Li-ion cell technology to state-owned engineering giant Bharat Heavy Electricals Limited (BHEL) recently. Last year, BHEL has signed the technology transfer agreement with ISRO for acquiring the latter's Li-ion cell production technology. Accordingly, the organization has transferred its indigenous technology to BHEL.

Tungsten filaments are the standard type filaments widely used in scanning electron microscopes, including the latest released SEM3000 series, released in the “SEM New Products Launch Conference” held in Huishan, Wuxi, on November 29. This series currently includes standard model SEM3000 and professional model SEM3000S.

Analysis of latest tungsten market from Chinatungsten Online

The Chinese tungsten concentrate market has been under pressure since late October due to lukewarm demand from end users after customers retreated from the market. Concentrate suppliers cut their offer prices to encourage buying in the face of weak market confidence. 

China rare earth prices maintain stability in early December due to cautious sentiment of both buyers and sellers. With the approaching of Chinese New Year, due to the country's tightening of environmental protection and rectification, the amount of raw material resources has converged, which has provided a certain degree of boost to the supplier's confidence in the market. The price of products has remained in a narrow range.

China molybdenum prices are unchanged from last week. Under the price increase in the international molybdenum market, domestic market confidence boosts slightly, coupled with the environmental checks, most mining enterprises are difficult in mining raw materials. Therefore, market supply becomes tight and sellers raise their rised mentality. But some purchasers remain low buying appetite. Market deals are limited. On the whole, market outlook is expected to be positive. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China market maintain stability as sellers have strong rised mentality but the demand side continues its weakness. Buyers and sellers still have different psychological prices for products. Therefore, most insiders mainly wait and see for the outlook. 

Rare earth market quotation in China: the latest prices of lanthanum oxide, praseodymium oxide and praseodymium neodymium oxide mainly remained weak adjustment in the week ended on Friday November 29, 2019 due to heavy wait-and-see atmosphere in the market. 

A sharper decline in prices for molybdenum oxide — the raw material used to produce molybdenum alloy — has improved margins for European alloy converters, who have faced negative margins for most of this year.