Australia is a partner of American rare earth that the US "can rely on" in an era of geopolitical complexity and strategic competition, claimed by Australian Prime Minister Scott Morrison. He said it was critically important to work with America to secure peace and stability in the Indo-Pacific region.

Tungsten Inert Gas (TIG) welding solution combines with stainless-steel robot welding shown in the 21st China International Industry Fair (CIIF) which held in the National Exhibition Center (Shanghai). And with the first-level weld system solution and several technological innovations, it becomes a hot product.

Analysis of latest tungsten market from Chinatungsten Online

On Tuesday September 17, China Molybdenum won the auction for the 28,336 tonnes of ammonium paratungstate (APT) – equivalent to around three months of Chinese output – that had been held by Fanya. The sale has given relief to the market, and some sources have suggested it could be enough to boost prices and improve the sentiment once market activity returns. 

China rare earth prices maintain stability at the beginning of the week due to quiet market inquiry and relatively weak demand. Recently, the policy news is slightly calm, and affected by the macroeconomic situation, some magnetic materials enterprises have relatively slow down the pace of consumption, and the enthusiasm for purchasing needs to be raised. 

The ferro molybdenum, molybdenum powder and molybdenum concentrate prices in the Chinese market remain stable compared with last week supported by tightening availability of raw materials and good confidence in the market. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate(APT) prices in the Chinese market climb slightly as China Molybdenum successfully auctioning Fanya stockpiles lifts up market confidence in the short term. Now the space for price rise remains uncertain, so most producing enterprises stop quoting for their products, waiting for the new guide prices from listed tungsten companies. 

Rare earth market quotation in China: terbium oxide, neodymium oxide and praseodymium neodymium metal prices continue to decline in the week began on Monday September 20, 2019 as the supply and demand sides are both weak and most traders maintain cautious mentality. 

Molybdenum market quotation in China: the sodium molybdate, ammonium heptamolvbdate and molybdenum powder prices maintain stability in the week ended on Friday September 20, 2019 on deadlocked supply and demand in the market. 

Xiamen Tungsten Co., Ltd (XTC) announced the company signed a Strategic Cooperation Framework Agreement with Jiangxi Tungsten Holding Group Company Limited (JXTC) and Xiamen Sanhong Tungsten & Molybdenum Co., Ltd, involving two companies under JXTC, four companies involved in Xiamen Sanhong, mainly develops in tungsten ore, rare earth, and molybdenum ore mining.

The Australia government issued a report to announce 15 rare earths and key mineral projects aimed at cooperating with the US to challenge China's dominance in the supply of materials commonly used in the defense and high-tech industries. Australian company Lynas accounts for 10% of the global rare earth market, according to the Financial Times report.