Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain weak adjustment despite high production cost supports suppliers’ strong rised mentality. 

Rare earth market quotation in China: the terbium oxide and dysprosium oxide prices edge higher while c erium oxide price maintains stability on October 29, 2020 when market participants have good expects for the outlook.

Molybdenum market quotation in China: molybdenum oxide, ferro molybdenum and molybdenum bar prices are unchanged from the previous trading day with the influence of the second wave of Covid-19, the US election and geopolitical risks. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in China maintain stability in late October as the market is still in a stalemate in the weak of persistent weakness in overseas markets. 

Rare earth market quotation in China: terbium oxide, neodymium oxide, dysprosium oxide prices edge higher on October 28, 2020 under many uncertainties around the world. 

Molybdenum market quotation in China: molybdenum concentrate price is about 1,400 yuan/ton, molybdenum oxide price is about 1,480 yuan/ton, and ferromolybdenum price is below 97,000 yuan/ton. 

The production raw materials of vacuum evaporation machine are inseparable from mineral resources, such as tungsten, molybdenum, rare earth, and other important strategic metals, and the machine is one of the products that China relies heavily on imports. The target material of the vacuum evaporation machine is often prepared with tungsten heaters, which could save energy as well as improve quality, and produce various terminal screens that are as thin as paper as well.

 Soutbay Tungsten Mine (Саутбай) project invested and developed by Shindong Resources of South Korea in Uzbekistan made new progress. Virtual talks have been held between the First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan Laziz Kudratov, Chairman of Shindong Resources company, Chairman of Korea Uzbekistan Business Association Kim Yong-gu and Vice-Chairman of this association Kim Chang-keo. It is the only progress in cooperation between the two sides in the past five years.

The latest research and evaluation results of Redmoor Tungsten-Tin Mine, one of the most potentially valuable minerals in the UK, show that the mine’s internal rate of return is 29%, and the net present value (calculated at a discount rate of 8%) is US$128 million. There is a substantial increase.

The "Songjiagou Molybdenum Mine Resources Development and Utilization Plan in Luonan County, Shaanxi Province" has recently passed the review of experts from the Oil and Gas Resource Strategy Research Center of the Ministry of Natural Resources. The mine located at the core of the Huanglongpu molybdenum ore field in Luonan County is the second-largest molybdenum mine in Shaanxi Province.