Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China are unchanged from the previous trading day with the impact of strong atmosphere of holiday. With the approaching of Chinese New Year, the production, transportation, capital funds and demand are affected. Most market participants are ending up their works for the holiday. 

Rare earth market quotation in China: the latest of praseodymium oxide, lanthanum oxide and cerium oxide remain stable in the week began on January 16, 2010 as the market is in a stalemate. Under the growing festival atmosphere, traders who had limited consumption capacity have become more hesitant. The  market has got few inquiries. Affected by factors such as raw material prices and environmental protection, suppliers are basically unwilling to cut profits for more sales. Most rare earth products prices are stable. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate, molybdenum powder and molybdenum bar maintain stability in the week began on Monday January 16, 2020 with the approaching of Chinese Spring Festival. Now most logistics companies gradually stop providing service, manufacturing companies end up their works and traders remain cautious sentiment. Market transactions are hardly concluded. 

In the manufacturing process, wastes such as iron scraps and tungsten steel wastes are often produced. If such scraps are sold to get a profit, a unified invoice must be issued following the law and business tax must be reported, according to the information of the Taxation Bureau of the Central Area in Taiwan.

Lithium explorer and developer Lake Resources NL is pleased to announce a major step, confirming that it will use Lilac Solutions' breakthrough technology to produce a large number of battery-grade lithium carbonate samples in California with a purity of 99.9% from 20, 000 liters of brine samples from Lake's Kachi Brine Lithium Mine project in January 13, 2020.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten power and ammonium paratungstate (APT) prices in the Chinese market are unchanged from the previous trading day as the market has been kept quiet recently. 

The deep sea is rich in cobalt, rare earth and other rare metals, your next lithium cell phone battery may come from the depths of the sea. 19th-century French science fiction writer Jules Verne described a fragment in his famous work "Twenty Thousand Leagues Under the Sea": "These mineral deposits are located under the sea, just like Newcastle's coal pits. Putting on a wet suit, holding a hoe and a shovel, my crew is responsible for coal mining, so I don't need to ask for coal on the ground."

Lithium battery safety has always been a major concern for EV owners. Therefore, IBM and Daimler are set to improve cell safety. According to information, the current annual rate of new energy vehicle combustion accidents is about 0.9 to 1.2 per 10,000. Although this figure is lower than 2 to 4 per 10,000 fuel vehicles, it cannot be underestimated. Among these accidents, the rate of ternary lithium batteries accounted for the highest, reaching 89%. Domestic and foreign vehicle and battery suppliers are also intensifying research and development on battery safety.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices are expected to maintain stability this week. With the approaching of Chinese Spring Festival, factories start to stop production, logistics gradually stop picking up goods and some companies finish the replenishments. So the whole market keep quiet.

China rare earth prices remain weak adjustment as a result of continued deadlocked supply and demand, and thin market trading. In the light rare earth market, under the stricter environmental protection and cold weather, the output of some northern rare earth smelters has been relatively limited, which has slowed the growth rate of spot inventory and boosted the confidence of most suppliers. Due to slightly weak demand, it is relatively difficult to raise prices.