Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remained stable in the week ended on Friday August 21, 2020 due to quiet market trading. The whole market was in a stalemate affected by the continued spread in foreign countries, trade conflicts and geopolitical conflicts. The new forecast prices for late August also released signals of stability. 

Rare earth market quotation in China: the DyFe price declines slightly while praseodymium neodymium metal price rises early in this week. As the prices of mainstream products continue to rise, downstream users' fear of high prices has also increased, resulting in a weakening of the bullish confidence of holders, a slight increase in the awareness of active shipments, and rational quotations.

The molybdenum concentrate and molybdenum oxide prices in the Chinese market edge higher but the whole market price keeps weak adjustment affected by high temperature, strict environmental checks, continued spread of coronavirus in overseas markets and the instability of geopolitics. The whole market trading is low with limited deals concluded. 

The Barruecopardo tungsten mine is situated in the Castilla y Leon region of Spain. It is a large open-pit tungsten mine with a mining history of nearly 100 years. It is the largest tungsten mine project in Spain and is currently one of the top ten tungsten mine projects outside China.

The La Parrilla tungsten mine is located in southwestern Spain, in the province of Cáceres-Badajoz, about 310 kilometers southwest of Madrid. It is one of the top ten tungsten mine projects outside China. It is currently the largest tungsten-tin mine project in production in Spain.

The Sangdong Mine located in South Korea is one of the largest tungsten mines in the world. The tungsten mine is located 187 km southeast of Seoul, approximately three hours' drive via expressways and local sealed high ways. It is one of the top ten tungsten mine projects outside China. Almonty, through its wholly-owned subsidiary, Woulfe Mining Corp, owns a 100% interest in the Almonty Korea Tungsten Project (AKT) located in South Korea.

The Drakelands Mine, formerly known as the Hemerdon Tungsten Mine, is located 11 kilometers (7 miles) northeast of Plymouth, Devon, England, near Plymouth. It is one of the top ten tungsten mine projects outside China. The British Geological Survey The bureau ranks it as the fourth largest tungsten and tin mine in the world.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable on the weakness both on the demand and supply sides. Now some traders are optimistic about the outlook with the support from the cost and supply sides while others still worry about the spread of coronavirus, geopolitical risks and the recovery in the industry around the world. 

China rare earth price was in the upward trend on the whole in the week began on Monday August 17, 2020 affected by the tight supply in the market. But price of dysprosium oxide and DyFe edged lower on Friday. Now both buyers and seller take a watchful stance, waiting the next move in the market. 

China molybdenum price remained stable on the whole in the week ended on Friday August 21, 2020 due to cautious sentiment of market participants. Most buyers keep reasonable inventories, waiting for new guidance from the market.