Global reserve of tungsten is mainly in China, it is widely used in many industries around the world. Its global reserve is small with a low guarantee extent, many countries have included it in the strategic reserve list, making it a very prominent status.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten prices continued to decline in the week began on Monday July 1, 2019. Although raw material manufacturers raised their rised mentality under output cuts of large enterprises, the market was pressed by persistent weakness in the demand side, high inventories and unclear outlook.

Chinese rare earth prices started to stabilize in the week began on July 5, 2019 as the supply and demand was in a stalemate, insiders have different expects on the outlook and traders remained cautious on trading. 

China molybdenum prices remained unchanged in the week ended on Friday July 5, 2019 on strong rised mentality of upstream miners. Affected by heavy rains and environmental protection inspection, the production in mines was limited and costs of mining and smelting became high, so molybdenum concentrate price kept firm. 

A tungsten mjolnir from Marvel Comics has been made by a foreign Youtuber in real world, as president of Marvel Comics Kevin Feige announced that "Avengers: Endgame" will back to theater with new elements, many props in the movie have been made out by a foreign Youtuber, a crazy fan of Marvel. This mjolnir made by tungsten is very heavy and may not even be lifted by Thor with one hand.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China are still in the downward trend in early July due to negative sentiment of insiders affected by weak demand and thin market trading. 

Rare earth market quotation in China: terbium oxide price dropped slightly while prices of lanthanum oxide and cerium oxide remained unchanged from the previous trading day. The listed prices of Southern Rare Earth edged lower in early week, showing a rational sentiment in the market. 

The latest prices of molybdenum powder, molybdenum concentrate and molybdenum oxide in the Chinese market remain stable in early July on deadlocked supply and demand, cautious sentiment and low trading activity. 

Rare earths and tungsten are trump cards of China, the United States is cooling down Sino-US trade war, the outside world believes that China’s holding the trump cards are largely countering the United States.

Analysis of latest tungsten market from Chinatungsten Online

The trajectory of tungsten prices in China has been largely downwards, as the market has adjusted to some extent to the curbs on supply, and as wider global economic growth has begun to slow.