Tungsten Molybdenum Ore Exploration Achieved Breakthroughs in Luoyang

tungsten molybdenum mineral exploration in Luanchuan image

Tungsten molybdenum ore exploration in Luoyang has made great achievements. The reporter from Los Newspaper Media got information from the Bureau of Natural Resources and Planning of Luoyang that, Henan Bureau of Geo-Exploration & Mineral Development deepened strategic cooperation in tungsten molybdenum ore prospecting and achieved many fruitful achievements. 

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How to Confront with Rare Earth and Tungsten in G20?

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In the new G20 summit, rare earth and tungsten will become important bargaining chips for China. On June 17th of Beijing time, Wei Meng, the spokesperson from National Development and Reform Commission of the People’s Republic of China said that “Rare earth and tungsten will become a powerful counter-measure of Sino-US trade friction.”

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The Downtrend in Chinese Tungsten Concentrate Prices Continued in June

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Analysis of latest tungsten market from Chinatungsten Online

The downtrend in Chinese tungsten concentrate prices continued, with suppliers cutting offers amid weak demand after APT refiners in China temporarily halted production. APT export prices also declined in line with the continuous weakening of domestic prices and slow buying activity abroad.

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China Terbium Oxide Prices - June 26, 2019

lanthanum oxide image

Rare earth market quotation in China: prices of terbium oxide, neodymium oxide and praseodymium neodymium oxide pull back after previous highs in early June. With the declined influence of the policy side, the contradictions in the market fundamentals have re-emphasized. In addition, the recent enthusiasm for purchasing has weakened, so most companies are cautious, waiting for further directions. 

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China Ammonium Heptamolvbdate Prices - June 26, 2019

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Molybdenum market quotation in China: the latest prices of sodium molybdate, ammonium heptamolvbdate and molybdenum powder are unchanged from the previous trading day. Supported by firm molybdenum concentrate market, sellers were reluctant to reduce product prices despite of pressure of weak demand. The new offers for molybdenum concentrate from Heilongjiang large molybdenum mine stood at RMB 1,840-1,870/mtu, which boosted the whole market. 

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Tungsten Armor-piercing Ammunition Developed in Vietnam

tungsten armor-piercing ammunition image

Tungsten armor-piercing ammunition has been developed successfully in Vietnam according to the report from the Vietnam Army Defense Channel on May 17th. After a series of live test, US M548 crawler-type chassis are modified to 37mm, 76mm, 85mm and 105mm self-propelled guns respectively in the rifle ground of the 9th Military Region in Anjiang Province, western Vietnam.

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Tungsten Exports and Copper Imports are Changing in China - Focusing on the Long-term Sino-US Opposition

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Tungsten exports and copper imports market changes will reflect the world economic situation in advance. They are both high-profiled issue and become very important factors to this long-term Sino-US opposition. 

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The First Discovery of Rare Earth Ore in Panzhihua

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Rare earth ore has been discovered in Vanadium-Titanium magnetite area in Hongge Panzhihua city. Through the 1:50,000 mineral geological survey, the Permian (262.4~258.9Ma) igneous carbonate-fluorocarbon strontium mineralized alkaline complex was first discovered.

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Trump Announced His Withdrawal from Iran's Nuclear Agreement

Trump announced his withdrawal from Iran's nuclear agreement image

U.S. President Trump officially announced that the United States unilaterally withdraws from the Iranian nuclear agreement at 2 p.m. local time on the 8th. It is also prepared to restore all the sanctions against Iran that were abandoned in order to implement the agreement and impose additional economic penalties. In short, the Middle East gunpowder barrel has been ignited by Trump. It is inevitable that Iran, Israel and Saudi Arabia will start a new round of armaments. As an important military material, tungsten demand may be pushed up.

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Chinese Tungsten Prices Stabilized on Weak Market Confidence

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Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices remained unchanged from last week. The downward trend in the first half of this year has caused market confidence to be frustrated. The downturn in the back-end manufacturing industry and the shrinking orders of downstream enterprises also made traders show dark predictions about the late market. Smelting factories slowed down activities of purchase and sales, facing pressure of price inversion.

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