Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium metatungstate (APT) prices in the Chinese market continue to maintain stability as the supply, demand and capital sides are in a stalemate in the last month of 2019. 

Rare earth market quotation in China: the neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices edge higher on Friday December 13, 2019 as traders have high willingness to raise product prices. 

China molybdenum prices showed stable trend in the week ended on Friday December 13, 2019 as a result of low trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability on the whole. Although raw material manufacturers have the willingness of supporting current prices, the weak demand side and the unclear outlook of economy weaken market confidence. Considering the imbalanced supply and demand, and low trading activity in the market, the price trend is expected to stabilize in the short term. 

Rare earth market quotation in China: the latest of terbium oxide and dysprosium oxide prices climb slightly while lanthanum oxide price is unchanged in the middle of December. 

The latest of ammonium molybdate, sodium molybdate and molybdenum concentrate prices in the Chinese market remain stable under the relatively tight supply of molybdenum concentrate and limited orders from downstream buyers. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market maintain stability with the support of strong rised mentality of raw material sellers. There are some high offers in the raw material markets, but transactions are hardly concluded. New increased orders are rare in the market at present. 

On lithium-ion batteries degradation mechanisms, new findings have been reported in Nature Communications by Karlsruhe Institute of Technology (KIT) recently, which might contribute to the development of batteries of far higher capacity. KIT and cooperating institutions studied structural changes during the synthesis of cathode material for future high-energy lithium-ion batteries and obtained new major findings of degradation mechanisms. It helps develop higher-capacity batteries that will increase the range of electric vehicles.

Lewiston-based manufacturing company, Elmet Technologies was awarded a $ 4.2 million contract from the US Department of Defense to develop tungsten heavy alloy and molybdenum products for the military. Company officials said the contract would preserve 155 jobs and create more jobs.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the China tungsten market was caught in wait-and-see atmosphere. The new guide prices from Ganzhou Tungsten Association and listed tungsten companies were raised slightly, boosting market confidence, but the adjustment was limited, showing a more conservative mindset of raw material manufacturers.