Opening this week, the latest prices of cerium oxide, lanthanum oxide and praseodymium neodymium oxide in China maintain stability due to quiet market trading activity. The prices of light rare earth products show stability while medium and heavy rare earth product prices start to slow down the pace of rise.

The sodium molybdate, ammonium molybdate and molybdenum oxide prices in China decline slightly while ferro molybdenum price goes up opening this week. On the one hand, with the continued spread of new coronavirus all over the world, decreased demand weakens market confidence and thus some product prices were declined. 

Brazil hopes to expand the exploration of molybdenum, copper and other ores to diversify its mining industry. According to the BNAmericas website, Brazilian mining industry representatives and officials returning from the annual meeting of Prospectors & Developers Association of Canada (PDAC) are reported to be optimistic about attracting more investment.

American Manganese Inc. (AMY) aims at long term development of its Li-ion battery recycling project, which provides high extraction of cathode metals, such as lithium, cobalt, nickel, manganese, and aluminum. According to foreign media reports, AMY announced that its research and development contractor, Kemetco Research, has obtained preliminary samples of cathode materials from disassembled electric vehicle battery packs provided by the result of the US Department of Energy (DOE).

Analysis of latest tungsten market from Chinatungsten Online

The latest of ferro tungsten and tungsten bar prices in China remain weak adjustment in wake of low trading activity of downstream users and sluggish demand in the current international economic situation. 

Chinese rare earth prices continued to show different trends in the week ended on Friday March 13, 2020. The prices of neodymium oxide and praseodymium oxide declined slightly while DyFe and dysprosium oxide prices rose slightly. 

Chinese molybdenum prices maintained stability on the whole in the week ended on Friday March 13, 2020 due to the coronavirus affecting trading activity. Though China’s coronavirus situation has improved a lot, downstream manufacturing is yet to recover. Manufacturers hold a very cautious view on economic development after the virus and demand for upstream products. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten powder and ammonium metatungstate(APT) prices continue to decline owing to sluggish demand and weak market confidence. The new guide prices from listed tungsten companies and associations showed stabilization on the whole, but some companies lowered their offers. 

University of Science and Technology of China (USTC) has made breakthroughs in the high-performance integrated solid-state quantum memory based on rare earth doped crystals. Quantum memory is the core device for constructing a quantum network. It can effectively overcome the channel loss and thereby extend the working distance of quantum communication and can also integrate quantum computing and quantum sensing resources in different places.

On lithium and copper mining taxes, the mining and energy committee of Chile's lower chamber dispatched a bill last week, which would introduce a 3% tax on the value of the minerals extracted for companies that produce over 12,000t of fine copper or 50,000t of lithium a year. Similar initiative has also adopted in Argentina. The funds would be used to invest in the area where the mine is located to reduce the environmental damage caused by mining.