China rare earth prices maintained stability on the whole in the week began on Monday August 25, 2019 as both the supply and demand sides of the market were in a state of game, and the participants’ wait-and-see mood was more obvious. 

Molybdenum market quotationin China: the latest prices of molybdenum power, ferro molybdenum and molybdenum concentrate prices show signs of rise in the week ended on Friday August 30, 2019 with the impact of strong rised mentality of traders on high raw material prices and increased quantity of steel tenders. 

The CEO of the only rare earth enterprise MP materials in the United States, Michael Rosenthal, came to Taiwan with a low profile in late August, according to the news from Cankaoxiaoxi.com. He said that if the Chinese mainland plays the "Rare Earth" card, the world will be afraid.

Analysis of latest tungsten market from Chinatungsten Online

The price for ammonium paratugnstate (APT) in Europe moved lower at the end of August, weighed down by bearish sentiment ahead of the late-August auction for the entire antimony stock held in the defunct Fanya Metal Exchange. Meanwhile, the Chinese APT export price was stable amid market uncertainty.

The europium oxideand praseodymium oxide prices in Chinese rare earth market are unchanged from the previous trading day owing to thin market trading and heavy wait-and-see atmosphere. For light rare earth market, the overall trading activity has increased slightly. During the National Day, the market is expected to stop production and emission reductions. In addition, due to the end of the traditional off-season, the holders will slowlyriseproduct prices. 

The China molybdenum price will continue to maintain a strong trend when the spot trading market is relatively stable, and the low-cost supply in the market is hard to find. In the molybdenum concentrate market, the overall transaction situation is relatively good. Although the mine maintenance work has been over for some time, due to the news of the military parade and the high temperature and flood season, the supply of raw materials will continue to be in shortage, and the manufacturers' quotations remain high. 

Tungsten and rare earth led new material industries in Jiangxi Province got lots of progress: 15,000 tons of electrolytic copper foil's expansion project produced by Jiangxi Copper was officially launched, 1450mm high-strength of new steel single-stand reversing mill unit was successfully tested for a thermal load.

Basalt is as precious as rare earth for its advantages of uniform structure, high hardness, and small porosity and can be applied in various vital industrials. According to relevant statistics, there are a large number of deposits in different areas in China, such as Qinling Mountains, Qilian Mountains of Gansu, Datong of Shanxi. In only 50 square kilometers in Datong, is estimated to have a storage capacity of 18 billion tons and an estimated value of 300 billion yuan, the reserves are extremely impressive!

Tungsten carbide is widely used in aerospace, petroleum, metallurgy, machinery and other fields because of its high hardness, wear resistance, high temperature resistance and corrosion resistance. In general industrial applications, we call it cemented carbide coating. Usually, tungsten carbide/cobalt is used as raw material to form a protective layer on the surface of nickel or iron-based materials by supersonic spraying, which can increase wear resistance and service life. In principle, the implementation cost of this kind of process is not cheap, but relative to the damage and replacement cost of the whole parts, the savings are considerable. In the field of aerospace engine research and development, surface-enhanced coating is one of the most attractive technologies. Tungsten carbide is an important basic coating material for aircraft parts.

The US is negotiating with Australia host a facility that would process rare earths to reduce reliance on China for the specialized materials used in military equipment, according to Reuters' report on August 26, local time.