Tungsten producer Group 6 Metals (ASX: G6M) is reopening its Dolphin tungsten mine at King Island off Tasmania and hopes to start producing concentrate early next year as planned.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices in the Chinese market are weak on April 26, 2022. On the one hand, the market supply and demand fundamentals are weak as the epidemic has affected the raw material consumption at the cemented carbide end to a certain extent. Buyers are not willing to take the initiative to receive goods and constrained logistics capacity further affects the market's trading activity.

China’s domestic rare earth prices were partially stable, with some minor adjustments in the second half of April, 2022. Affected by the bullish and bearish factors, traders entered the market with low sentiment, resulting in slow growth of market orders and lack of motivation to increase transaction prices. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are weak on April 27, 2022 as the liquidity is slow and traders are not high in trading. 

China is a major producer of rare earth elements (REEs), with 60% of the world's supply, and its share of production used to be around 95%, but after the rise in rare earth prices in 2009, other countries, including Australia, which is the fourth largest producer in the world, accounting for 8% of REE production, started mining REEs.

Nevada Democratic Sen. Catherine Cortez Masto is drafting legislation that would provide tax incentives for manufacturers of battery and rare earth magnets manufacturers to increase the production of materials used in electric vehicles and other technologies, an action she says would create more jobs in the state's mineral processing and recycling sectors.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and ferro tungsten prices remain weak adjustment in the second half of April with the impact of COVID-19 and geopolitical risks in the world. but given the high cost, the price adjustment will be limited. 

Salt (NaCl) acts an intermediary role in the chemical vapor deposition growth of 2D molybdenum disulfide (MoS₂), accelerating its generation process. Materials theorists at Rice University found that the NaCl and precursors form eutectics with melting temperatures lower than either of them.

Latin Metals Inc. announced positive exploration results from its 100% owned Auquis copper-molybdenum project, located in the coastal copper belt, with soil sampling results identifying high-grade anomalous copper deposits over a 3km x 2km area.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, April 22, 2022 because the continued spread of epidemic in Shanghai, Jilin and other places affected the demand for hard alloys such as tools and molds in the automobile and other industries, which increased the profit-taking sentiment on the tungsten raw material side.