Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China show signs of recovery, but the demand side seems weak, whichmay affect the continuity in the price rise. This week, the marker is expected to remain quiet. 

A technique for growing tungsten atoms in a vacuum introduced by Applied Materials Inc. makes more efficient connections between parts of the chip to save the electricity use. According to Applied Materials, the increasing use of artificial intelligence is going to extract a heavy price in power unless the chip industry steps up and heads that off.

Tesla may purchase large scale nickel metal for lithium iron phosphate batteries (LFP batteries). The company has officially secured approval to produce and sell a new Model 3 with cheaper LFP batteries in China. Early on, the company adopted its version of the energy-dense lithium nickel-cobalt-aluminum oxides (NCA) battery cell for its electric vehicles, which went against most of the industry who uses nickel-cobalt-manganese (NCM) cells.

A character study and analysis of the "cobalt/molybdenum disulfide (MoS₂) heterostructure" has been conducted by the researchers from the National Synchrotron Radiation Research Center (NSRRC) and found that this new material combination is expected to lead semiconductors to break through physical limits.

To develop a cobalt-free lithium-ion battery, the University of Texas at Austin (UT) researchers replaced the cobalt element in the traditional lithium-ion battery with nickel, reducing costs without negatively impacting performance. As a relatively rare and precious heavy metal, cobalt plays a vital role in today's lithium batteries. However, researchers from the Cockrell School of Engineering at The University of Texas at Austin say they’ve cracked the code to a cobalt-free high-energy lithium-ion battery, eliminating the cobalt and opening the door to reducing the costs of producing batteries while boosting performance in some ways.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week end on Friday July 24, 2020. The tungsten concentrate price rose to above $12,205.9/t, APT price tried to climb to $207.7/mtu and tungsten powder price also rose to $28.5/kg. 

China rare earth price remains stable on July 27, 2020 under mixed environment. The market is still in a stalemate with rare transactions concluded. In the term of demand side, with the improvement in the coronavirus, downstream new energy market is recovering slowly. 

China molybdenum price is not changed from last week as the imbalance in supply and demand still exists. Most downstream buyers remain cautious sentiment while upstream companies quote rationally. But it seems impossible for further price decline. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China continue to maintain stability with limited spot trading in the market after many suppliers had sold out their cargoes available for this month.

Rare earths metals firm Pensana has today announced that it is exploring a partnership with China Great Wall Industry Corporation (CGWIC) to develop its flagship mine in Angola, the Longonjo rare earth mine, which is scheduled to start production in 2022 and is located on top of the world's largest praseodymium-neodymium deposit.