China Tungsten Online collates the import and export data of China's tungsten products published by General Administration of Customs of the People's Republic of China as follows:

According to the customs data collated through China Tungsten online survey, the import volume of molybdenum products in China from January to May 2022 totaled 12806.91 tons, a year-on-year decrease of 62.59%; The accumulated import amount was 1503621200 CNY, a year-on-year decrease of 38.62%.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) price declines slightly while ferro tungsten and tungsten powder prices remains unchanged on July 5, 2022. With the impact of the decline in new guide prices for the first half of July, market confidence was weakened to some extent and trading activity is low. 

China rare earth market is still tepid on July 6, 2022, which is mainly reflected in the low sentiment of traders entering the market, the weak price rise of mainstream products, the sparse actual trading volume, and the low probability of a significant improvement in the market conditions in the short term.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices remain weak adjustment on July 6, 2022 with participants keeping cautious sentiment in trading.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable as the relationship between supply and demand continues to be in a stalemate. Most raw material sellers keep taking watchful stance while downstream buyers are worried about the consumption off-season and the uncertainty of the external environment. 

The Vienna University of Technology (TU Wien) has developed a new method for concerting carbon dioxide (CO₂) into liquid methanol (CH₃OH) with the help of a special sulfur-molybdenum catalyst material. This new technology has now been patented and expanded to industrial scale.

To meet surging demand for critical metals in the new energy sector, mining giant China Molybdenum Co., Ltd. (China Moly) said it will invest more than US$1.8 billion in the first phase of its copper-cobalt mine - Kisanfu project in the Democratic Republic of Congo (DRC), which is currently one of the world's largest top-tier copper and cobalt mines.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price kept stable on the whole in the week ended on Friday, July 01, 2022 after a continuous decline in the second quarter. 

At the beginning of the week, the prices of praseodymium neodymium oxide and dysprosium oxide dropped slightly to around RMB 930,000/ton and RMB 2,470,000/ton, respectively. In this context, the demand of downstream users has not increased significantly, so the market transaction is still limited.