Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment on June 14, 2022 as the whole market is still under pressure and there are many uncertainties on the macro side. 

Rare earth market quotation in China: lanthanum oxide, neodymium oxide and praseodymium oxide prices are unchanged from the previous trading day on June 15, 2022. 

China molybdenum market is relatively strong on June 15, 2022 as a whole. With the tight spot supply of molybdenum raw materials and the rising price of steel tenders, most suppliers are reluctant to sell and would like to raise prices.

Fireweed Zinc Ltd. has entered into a $15 million deal to acquire the Mactung tungsten project adjacent to its flagship Macmillan Pass zinc-lead-silver project in Yukon Territory, northern Canada.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable amid a quiet overseas market and the availability of cheaper domestic materials. Most participants took a watchful stance, waiting for the next move in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept weak adjustment in the week ended on Friday, June 10, 2022 mainly affected by the slow recovery in the demand side as well as the decline in new guide prices from state-owned tungsten companies. 

At the beginning of the week, China’s domestic rare earth market was still tepid. Affected by the weak supply and demand, traders entered the market in a general mood, so prices of rare earth raw materials fluctuated in a narrow range and the transaction was lower than expected.

At the beginning of the week, China molybdenum market continued the trend of stabilization and recovery on June 13, 2022. Affected by the willingness of steel companies to enter the factory to bid for ferromolybdenum and the increase in bidding prices, the price of ferro molybdenum rose, and it is also led to the rise in the prices of many molybdenum chemical products such as molybdenum acid. 

The rare earths (REE) target is ionic adsorption clay deposits located in South Australia (SA), and these clays contain four key elements used in magnets for electric vehicles and wind turbines: neodymium, praseodymium, dysprosium, and terbium.

American Resources Corporation's (AREC) American Rare Earth division has wrapped up the commissioning of its Indiana rare earths separation and purification facility, as well as its battery materials facility.