Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices keep firm in the middle of December due to the tightening availability of raw materials and consumers restocking at the end of the year. 

Rare earth market quotation in China: neodymium oxide, dysprosium oxide and praseodymium neodymium oxide prices are weak on the whole in the middle of December, 2020 due to relatively weak demand.

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices continue to climb on December 16, 2020 due to improved buying appetite of buyers and good expect for the outlook. 

Seren Technologies Limited has developed a technology that recycles rare earths from permanent magnets for sustaining direct drive turbines. Direct drive wind turbines account for one-third of all wind power generation. Compared to other wind technologies they have higher energy output and lower maintenance requirements, which means they are favored offshore. To operate direct drive turbines, permanent magnets are needed - and obtaining these magnets is increasingly complicated.

Jiangxi Kuimeishan Tungsten Industry Co., Ltd. applied for the renewal of the registered mining rights. According to the announcement of the Jiangxi Provincial Department of Natural Resources, the evaluation value of the mining right transfer income of the Kuimeishan Tungsten Mine is RMB 13.8626 million. The estimated recoverable unit price is 2518.58 yuan/ton, which is higher than the market benchmark price of 2331.8 yuan/ton for the proceeds from the transfer of mining rights in Jiangxi Province (mineral types: black tungsten, pit mining, grade greater than 0.4%).

The groundbreaking ceremony for the early construction of the Bakuta Tungsten Mine Project was held at the mine site in Kazakhstan. The construction of the Bakuta Tungsten Mine Project, a joint venture between China Jiangxi Copper and Kazakhstan, has officially started, marking a milestone in the construction of the project.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices maintain stability in the week began on Monday December 14, 2020 on cautious sentiment of market participants. 

The mining application for the Pebble copper/molybdenum/gold/silver mine was rejected recently. Northern Dynasty Minerals Ltd. announces that, its 100%-owned, US-based subsidiary Pebble Limited Partnership received formal notification from the US Army Corps of Engineers (USACE) that its application for permits under the Clean Water Act and other federal statutes has been denied. The lead federal regulator found Pebble's compensatory mitigation plan as submitted earlier this month to be non-compliant, and that the project is not in the public interest.

Engineers at The University of Texas at Austin (UT Austin) use MoS₂ as the main nanomaterial to create the smallest atom-memory device in the world. Faster, smaller, smarter and more energy-efficient chips for everything from consumer electronics to big data to brain-inspired computing could soon be on the way after UT Austin creates the smallest memory device. In the process, the researchers figured out the physics dynamic that unlocks dense memory storage capabilities for these tiny devices.

A group of Lawrence Livermore National Laboratory (LLNL) scientists looking at Mo isotopes of the element molybdenum found on meteorites, and found our Sun and Solar System formed over the short time of 200,000 years. In the past, scientists thought that the Sun took over millions of years to form, but the facts are faster than imagined. This new paper was published in Science.