Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices edge lower on April 19, 2022 with more and more insiders concerning about the continued weakness in the demand side. 

Rare earth market quotation in China: neodymium oxide, terbium oxide and dysprosium oxide prices shaft from declining from rising on April 20, 2022. Under the background that the spot supply of rare earth raw materials is still not very loose, the increase in inquiries from downstream users has largely supported the confidence of suppliers to raise prices.

China molybdenum market quotation: molybdenum concentrate and oxide prices decline slightly while molybdenum powder price remains unchanged on April 20, 2022 affected by low enthusiasm of traders.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable at the beginning of the week as COVID-19 continues to impact the operation of the whole tungsten industry. As of April 18, there are 181 medium and high risk epidemic areas in China. 

Indonesia’s government has developed a rare earth element reserve plan as part of a plan to develop the rare earth downstream industry. "The ministry has identified eight sites containing rare earth reserves and plans to explore more areas by 2024," said Ridwan Djamaluddin, mining director-general of the Ministry of Energy and Mineral Resources Ministry.

China's rare earth exports rose 6.5% year-on-year to 12,680 tons in Q1, 2022, slowing from 10.9% growth in the first two months of the year, customs data showed.

Restoration activities at Chevron Mining, Inc.'s Questa molybdenum mine have been ramping up in recent months. The reclamation of the mine and tailings site could take decades more, and 'Chevron will own the mine forever,' said one company executive.

Amerigo Resources Ltd. announced production results from Minera Valle Central (MVC) for the quarter ended March 31, 2022 (Q1 2022), with 0.2M pounds of Mo production from the company's 100% owned project located near Rancagua, Chile.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, April 15, 2022 with continued cautious sentiment of participants under many instabilities in the world. 

At the beginning of the week, China rare earth market showed a pattern of minor adjustments. Prices of praseodymium oxide and neodymium oxide decline slightly while terbium oxide and praseodymium neodymium oxide price edge higher.