Prices of cobalt and its related products maintain stability on September 9, 2020 as the market is in a stalemate with low trading. The raw material market is still worried that the output of main producing areas will be reduced under the epidemic, and the domestic purchasing and storage will affect the tightening of resource supply. 

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum concentrate prices are unchanged from the previous trading day due to deadlocked supply and demand in the market. Downstream becomes active in inquiry but sellers keep rational in shipments.

Australia and the US have launched an ambitious project to create a supply chain for rare earth that does not involve China, an effort that has drawn strong market interest but could face cost obstacles. According to Nikkei, TOKYO report.

Japan's Super Kamioka observatory ushered with rare earth elements to help it sense ancient neutrinos. New Atlas reported that the Super-Kamiokande neutrino observatory has received a relatively simple upgrade that should allow it to look further back in time. A rare-earth element called gadolinium (Gd) has been added to the water in the huge underground facility, which will make it more sensitive to neutrinos from more distant and ancient supernovae.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday September 04, 2020 with the support of high production costs and the recovery of domestic economy and downstream infrastructure, automobile, 3C under the effective control of the coronavirus. 

The Canadian province of Saskatchewan will build the country's first rare earth element (REE) processing plant. As an important part of its 2030 growth plan, the government of Saskatchewan in Canada announced that it will provide 31 million Canadian dollars in funding for a REE processing plant.

Polish copper producer KGHM said that its Sierra Gorda copper-molybdenum mine in Chile may no longer need financial support from next year, despite the coronavirus-related risks, the mine posted a 150% leap in second-quarter core profit.

The Democratic Republic of Congo (DRC) recently announced that it will exempt indefinitely the export ban on cobalt (Co) hydroxide and Co carbonate, as well as tin, tungsten, and tantalum concentrate, which is defined as "conflict minerals", after a meeting with the country's largest mining company, according to the foreign report.

Recently, a new rare earth hydrogen storage alloy electrode material production line with independent intellectual property rights was put into operation in our country. The anode material produced has a capacity of 30% higher than that of traditional materials. And the product has been supplied to domestic nickel-hydrogen power battery companies.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps firm as raw material suppliers have strong rised mentality with the support of high production costs. But dragged by persistent weakness in the demand side both at home and abroad, the whole market transactions are hardly concluded. In the short term, the insiders will wait for new guidance from the market.