Democratic presidential hopeful Michael Bloomberg unveiled a plan that would require all new vehicles sold in the US to be electric by 2035, which may stimulate the rare earth industry. Rare earth is known as the industrial "gold". It is widely applied in various fields. The demand for rare earth resources required to make batteries continues to rise due to the development of electric vehicles is advanced rapidly.

The power supply in Mercedes-Benz Vision AVTR is completely free of rare earth and metals, which envisions a world of organic battery technology made of recyclable material. According to foreign media reports, Mercedes-Benz launched a new concept car-Vision AVTR at CES 2020. This forward-looking car design is inspired by the epic film "Avatar" by James Cameron. To reflect the ecologically good mobility and interaction between passengers and vehicles, this concept car also uses new green materials.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China are unchanged from the previous trading day as a result of quiet trading activity in the market. Now most factories stop production and making offers. The shipments will be arranged after the holiday of Chinese Spring Festival. While terminal buyers are not likely to stock up with heavy wait-and-see attitude. 

The neodymium oxide, europium oxide and praseodymium oxide prices in China continue to maintain stability on Jan. 21, 2020. First, most of the rare earth smelting companies have suspended their operations or entered the state of maintenance with the approaching of Spring Festival, which has tightened the supply of raw materials. Traders have a strong rised mentality and are unwilling to sell at low prices.

The ferro molybdenum and molybdenum powder prices in China are unchanged from the previous trading day due to heavy wait-and-see attitude of traders and low trading activity in the whole market. Now most insiders focus on the demand in the terminal side and sales in the raw material markets after the holiday. 

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices remained stable in the week ended on Friday January 17, 2020 because the market is caught in heavy wait-and-see and holiday atmosphere. This week, market prices will continue this trend. 

Chinese rare earth prices continue to remain stable due to heavy wait-and-see atmosphere and low trading activity in the whole industry. On the one hand, under the background of the slow development of other industries such as new energy industry, electronics and digital, it has dragged down the development of the rare earth market, and the soft state of downstream demand has not been effectively alleviated for a long time, so the overall transaction is slightly weak; 

China molybdenum prices maintain stability at the beginning of the week considering the limited consumption in the terminal side and sight supply in the raw material markets. Now the market remains quiet as downstream buyers have finished their replenishment previously. Moreover, with the approaching of Chinese Spring Festival, most market participants will be off duty. Therefore, the market is expected to stabilize before the holiday.  

Australian fires may curb the output of coal, rare earth ore, bauxite, etc., as the chain reaction of its result. The momentum of the Australian forest fire has not weakened for several months, causing extensive damage to the local ecological environment, ecosystems, and wildlife. The industry is concerned that the adverse effects of the fire may be extended to the economic sector, triggering a chain reaction.

Peruvian Energy and Mining Minister Juan Carlos Liu said last Thursday that he was confident Peru would formulate regulation for lithium mining in the coming year, according to Reuters news.