The latest prices of ferromolybdenum, molybdenum concentrate, sodium molybdate and molybdenum oxide continue to increase in Chinese market due to the tightening availability of low-prices goods. 

There are some methods which can teach you how to identify the quality of tungsten carbide jewelry and select the high-quality tungsten carbide jewelry instead of being tricked by those unscrupulous businessmen.

Most people know that there are two kinds of gold used in jewelry world, that is, gold and platinum. Do you know the third type of gold? Today, I am going to introduce the third kind of gold---Tungsten carbide. Most people may know the wide application of tungsten carbide in the industries. Actually, tungsten carbide has its own place in the fashion world. 

In fact, we believe that in the field of high-end manufacturing and services, especially in areas where we have resource advantages, even if we already have products and processing technologies that can compete with advanced manufacturing countries, our comprehensive service capabilities, long-term service spirit and the ability to make the solution are the pain of the industry, which is our biggest shortcoming.

According to the statistics of China Tungsten Industry Association, China's tungsten resources account for 70% of the world's total. In 2017, the production took up 84% of the world's total. The capacity of the listed company's Xiamen Tungsten located in Xiamen, Fujian Province, takes up about 20% of the whole world’s capacity. 

Recently, the vice-minister of Ministry of Industry and Information Technology of the People’s Republic of China and head of National Manufacturing Leading Group Office, Xin Guobin declares that the development of manufacturing industry has achieved great success since the reform and opening up of China more than 40 years ago in the 2018 National Manufacturing Expert Forum. 

Analysis of latest tungsten market from ChinaTungsten Online

Margin in mine enterprises was squeezed, although limited production under Chinese environmental checks. Tungsten concentrate sellers were not willing to sell at low prices and buyers entered the market slowly. Thin trading volumes pressed down market prices. Tungsten concentrate prices declined to $15,384.6/t.

China rare earth price is unchanged from the previous trading day because the market is caught in heavy wait-and-see atmosphere at the end of this month. The continuous weak demand has weakened market confidence, although environmental checks tighten the supply of raw materials. At present, uncertain policy for purchasing and storage limits price rise. 

China molybdenum prices continue the upward trend on Wednesday August 29 when the supply of molybdenum raw materials is tight under the environmental inspections. Molybdenum concentrate traders have more confidence and inquiry becomes more active than before.

With the development of new-energy car industry, cobalt and lithium have become the popular rare metal resources in the current market. According to Japanese media’s reports, a series of vehicle industry policy launched by China has become the turning point of intensifying the global resources scramble. The demand for rare metal will increase rapidly in the future.