Transition Metals Corp (Transition) acquired a tungsten project in Ontario, Canada. The company is a Sudbury, Ontario-based company and pleased to reveal that it has purchased a 100% interest in the Fostung Property located at Sudbury, Ontario, the property hosts a historic tungsten trioxide (WO3) skarn resource that was stated in 2007 to contain an inferred mineral resource of 12.4 million tonnes grading 0.213 by weight of WO3 minerals, according to a press release.

Europe plans to launch the CERA (Certification of Raw Materials) platform for tungsten, cobalt and lithium, based on blockchain to ensure the consistency of environmental, social and economic impact assessment standards throughout the raw material value chain, according to the website of the Ministry of Natural Resources of the People's Republic of China.

Both lithium-ion and sodium-ion batteries are rechargeable, which operation mainly relies on the transfer of ions between the positive and negative electrodes. With the 2019 Nobel Prize in Chemistry was awarded to three scientists who made a milestone contribution in the field of the lithium-ion battery: John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino, it is they who open the first door of light in the dark, let the battery fundamentally change our world.

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten prices are unchanged from the previous trading day because weak consumer appetite affects the whole trading atmosphere in the industry. Raw material manufacturers keep low operating rate while smelting factories face great pressure of price inversion on stricter environmental protection and high costs. In the short term, the market is expected to stabilize.

A world-class clay-type lithium mine discovered in the US, according to the Mining News website, Jindalee Resources Ltd (Jindalee) has received the final assays from a recent drilling program at McDermitt Lithium Project in Nevada, USA, and revealed that the mine has become one of the largest lithium deposits in the US.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten concentrate prices in China remain weak adjustment since late October due to lukewarm demand from end users after customers retreated from the market. Insiders are not optimistic about the outlook as a result of consumer destocking, a global economic slowdown and geopolitical turmoil. 

Rare earth market quotation in China: rare earth prices are unchanged from the previous trading day as the market is in a stalemate with thin market trading. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate and molybdenum powder edge lower while ferro molybdenum price keeps stable. Although market inquiry increases, insiders have different views towards the outlook. 

Youmo Li is China's first person of complete separation of the single rare earth element. He is a scientist unknown to the public. A few decades ago, Youmo Li actively responded to the call of the party and the state to participate in supporting the construction of the Northeast, and assigned to the work of Changchun Institute of Applied Chemistry of Chinese Academy of Science (CIAC) until retiring.

Analysis of latest tungsten market from Chinatungsten Online

The China tungsten market maintains stability with quiet market transactions. On the one hand, the terminal side keeps low purchasing enthusiasm; on the other hand, raw material companies gradually face pressure of price inversion with limited profits. In the short term, the market is in a stalemate.