Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices continued to keep stable in the week ended on Friday August 16, 2019 with the impact of environmental checks, high temperature, reduction, overhaul and low operating rate of smelting plants. 

Rare earth market quotation in China: the neodymium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices climbed slightly on limited transactions and deadlocked supply and demand. At present, the magnetic materials industry is in the off-season. Downstream buyers are weak in taking orders, the actual trading is relatively poor, and the supply of goods in the market is slowly digested. 

The molybdenum concentrate and molybdenum oxide prices in China rose slightly while ferro molybdneum price kept stable early this week on tightening availability of raw materials and cautious sentiment of traders. 

Greenland is the autonomous territory belonging to Denmark contains rich natural resources such as rare earth, oil and gas mineral reserves that have not yet been explored, attracting the attention of the superpowers such as China and the US. Trump allegedly intends to buy it, although it has been rejected by Denmark, it also highlights the increasingly important value of the world's largest island.

It is reported that the National Level Institute of Rare Earth Catalyst was unveiled recently and it will focus on the layout of mobile source exhaust gas purification, fixed source exhaust gas treatment, new energy catalysis, etc., and implement the national + industry + enterprise operation mode.

Şahi-209 electromagnetic railgun with the ability to shoot 16mm special tungsten alloy arrow-shaped ammunition recently disclosed by Turkish company Yeteknoloji. Unlike the large-scale railguns developed by the US and Britain, it is currently one of the few electromagnetic railguns that can fire two rounds in a minute. The gun body owns a tilting mechanism, which can adjust the shooting angle according to needs.

Japan has found hundreds of years’ worth of rare earth materials underneath Japanese waters in Pacific - enough to supply to the world on a “semi-infinite basis,” according to a study published in Nature Publishing Group’s Scientific Reports. The materials sit in a roughly 965-square-mile Pacific Ocean seabed near Minamitorishima Island, which is located 1,150 miles southeast of Tokyo.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continue to be caught in heavy wait-and-see atmosphere as the market is cautious to Fanya stocks, trading environmental at home and abroad and low enthusiasm in raw material replenishment. 

Chinese rare earth prices were in the downward trend in the week began on Monday August 12, 2019. Recently, due to weak demand in the off-season and the lack of substantial news release in the market, downstream buyers did not have the plan of replenishment and market transactions were hardly concluded. Under the pressure of thin trading and capital shortage, some mining enterprises started to reduce prices for more sales. But the decline was still supported by the cost side. 

The molybdenum concentrate, molybdenum powder and molybdenum oxide prices in China maintained stability in the week ended on Friday August 16, 2019 because purchasers’ demand was limited while sellers also were not reluctant to sell and to quote.