Tungsten mine is an irreplaceable national strategic resource. The metal is known as "industrial tooth" or "industrial salt" because both of its melting point and specific gravity are much higher than other metals, while its hardness is only second to diamond. Zixing City, Hunan Province is rich in black tungsten and scheelite resources. These rare resources once became a ready source of money for some local people.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintained stability in the week ended on Friday September 18, 2020 as most enterprises considered profit-taking but transactions were still limited. 

Rare earth market quotation in China: praseodymium neodymium oxide and metal prices edge lower while cerium oxide price keeps stable in late September under cautious sentiment of market participants. 

Molybdenum concentrate and molybdenum oxide prices in China decline slightly in late September as the whole market is in a stalemate. Suppliers are hard to raise offers while downstream buyers try to force prices down. The trading seems poor. 

Analysis of latest tungsten market from Chinatungsten Online

Tungsten concentrate and ammonium paratungstate (APT) prices in China were stable on Thursday September 17 after increased availability of both products in the market prevented prices from extending last week’s gains.

China rare earth price was in the downward trend in the week ended on Friday September 18, 2020 under the influence of weak demand and strong festive atmosphere. 

China molybdenum price kept stable on the whole in the week ended on Friday September 18, 2020 with limited release of goods news and reduced transaction prices. Most insiders now focus on the new round of steel tenders.

As for the new generation lithium batteries for electromobiles, the energy storage electrodes are suitable for mixing high-purity WS₂ powders as modifiers during production, which can make the prepared products have better high temperature resistance and longer battery life. These advantages are mainly due to the excellent thermochemical properties of high-purity tungsten disulfide nanoparticles and superior storage performance.

The US House of Representatives from both parties put forward a motion to encourage domestic rare earth production in the United States in order to reduce the United States' dependence on China for the minerals used in technology manufacturing.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ferro tungsten prices in the Chinese market tend to stabilize due to reduced trading activity. As most downstream users can not accept high-price raw materials, they purchase products rationally. In addition, with the approaching of Mid-Autumn Festival and National Day holidays, the market is expected to stabilize in the short term.