Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and cesium tungsten bronze prices remain weak adjustment as continued spread of Covid-19, geopolitical risks and US election offer many uncertainties for the market. Most market participant prefer to take a watchful stance at present. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in China continue to remain stable as the new average tungsten forecast prices for October are basically keeping in line with current market trend, giving the market temporary guidance.

Rare earth market price in China: neodymium oxide, dysprosium oxide and praseodymium neodymium metal prices edge lower in the middle of October under the limited support from favorable factors. Now it is in the buyer’s market.

Molybdenum market price in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices edge higher in the middle of October thanks to good trading atmosphere in the market. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to maintain stability in the wake of a slight decline in new tungsten forecast prices from listed companies and associations. The new guide prices are basically in line with market trend and traders make quotes based on them. 

Rare earth market quotation in China: europium oxide, cerium oxide and praseodymium oxide prices remain stable as the market is caught in wait-and-see atmosphere with new increased orders concluded. 

Molybdenum market quotation in China: the ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices maintain stability when insiders have high enthusiasm in trading and also have good expectation for the market outlook.

US President Donald Trump signed an executive order aimed at expanding domestic production of rare earths minerals that are vital to many critical manufacturing sectors, in an effort to reduce dependence on China recently.

The US scientists learned from locusts and developed a light sensor based on a single layer of molybdenum disulfide. Autonomous driving technology is in full swing, and in order to make self-driving cars, drones or mobile robots have keen anti-collision capabilities, the Pennsylvania State University research team began to learn from the special sensing capabilities of "locusts" by studying locusts Unique avoidance response, research and development of low-power collision sensors that can be used for self-driving cars, drones, etc.

The Japanese government will strengthen the rare earth reserve system required for industrial products such as electric vehicles. The current rare metal reserves in Japan are guaranteed for 60 days of domestic consumption and plans to expand to more than 6 months in the future.