Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market maintain stability in the week began on Monday March 2, 2020 when more local governments have reported that various industries and projects have started working gradually over the weekend. 

The terbium oxide and neodymium oxide prices in China continue to rise while cerium oxide price keeps stable in early March. Recently, the market has been caught in heavy wait-and-see atmosphere with limited deals concluded under the interweaving of multiple positives and negatives factors. 

The ferro molybdenum and molybdenum oxide prices in China remain weak adjustment when market participants take a watchful stance with the impact of uncertain factors in the market. Now market transactions are hardly to be concluded. 

Lithium batteries are more expensive than potassium batteries, and lithium's environmental issues are in large volumes, and tends to catch on fire from time to time, while it is currently the best solution for battery storage of electric vehicles and equipment, other alternatives are gradually emerging, and in fact, a promising alternative may be potassium metal battery. According to foreign media, New Atlas reports.

Magnesium-rare earth alloy, an important material for aerospace, has been adopted in a new generation helicopter fleet, which fleet flew over Tiananmen Square at the National Day parade in 2019. Under the leadership of Academician Wenjiang Ding, the director of the National Engineering Research Center, Professor Guohua Wu made a significant contribution to the smooth implementation of the project, and it is a key step for the first batch application of new magnesium alloy materials in major equipment projects.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices tended to stabilize in the week ended on Friday February 28, 2020 as the market is in a stalemate. Enterprises gradually resumed production, increasing the supply of raw materials. But the logistic was still affected by the coronavirus, especially to Korea and Japan. As a result, transactions were limited. 

Rare earth market quotation in China: the latest of terbium oxide and dysprosium oxide prices climbed while praseodymium neodymium oxide and metal prices edged lower on March 2, 2020 due to quiet market trading. 

Molybdenum market quotation in China: the latest prices of ammonium heptamolvbdate, molybdenum concentrate and ammonium molybdate were in the downward trend on March 2, 2020 on cautious sentiment of both sellers and buyers. Market trading activity is low, but supported by the cost side, most companies have good confidence for the outlook. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten powder and ferro tungsten prices stay firm with the recovery of logistics, increased operating rate of enterprises and rising supply of raw materials. But the terminal side still remains cautious to purchase affected by the coronavirus. The supply and demand sides are in a stalemate and deals are rarely concluded. 

Canadian marine battery supplier Corvus Energy is proud to announce that it has been selected by Damen Shipyards to provide its next-generation lithium-ion capacitor (LiC) energy storage system (ESS), a groundbreaking energy storage system for cruise ships, for the four new battery-hybrid ferries for BC Ferries, according to foreign media.