At the beginning of the week, China molybdenum market maintained a stable operation as a whole. Molybdenum powder price stabilizes while prices of molybdenum concentrate and ferromolybdenum drop to 2,900 yuan/ton and 190,000 yuan/ton respectively.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT), tungsten powder and ferro tungsten prices continue to maintain stability on April 14, 2022. the production and sales of the cemented carbide industry and its downstream automobile consumers have slowed down due to the supply chain interruption caused by the closure and control of Shanghai, an important production and logistics distribution center, with the impact of COVID-19. 

China rare earth price showed a downward trend as a whole in the week ended on Friday April 15, 2022, especially the prices of praseodymium, neodymium, dysprosium and terbium products fell the most. This week, praseodymium and neodymium oxide fell by 9.44% to $131,451.6/ton, praseodymium oxide fell by 5.68% to $141,935.5/ton, dysprosium oxide price fell 6.08% to $398,387.1/ton. 

China’s domestic molybdenum price increased on the whole in the week ended on Friday April 15, 2022. At the beginning of the week, supported by the tight supply of molybdenum raw materials and the healthy demand for steel recruitment, the prices of many molybdenum products jumped. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stability in the middle of April given the support from environmental protection, logistics, inflation, high costs and other factors. Participants in the raw material markets have confidence in market outlook, but traders still remain rational as they are worried about the risks from local conflicts, repeated COVID-19 and extreme weather. 

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART IX OF X

The Unfinished End

The Russia-Ukraine Conflict, The Epidemic, The Internal Entanglement, and Things of China’s Tungsten

USA Rare Earth LLC, operator and 80 percent owner of the Round Top heavy rare earth, lithium, and critical minerals project in Hudspeth County, Texas, along with its joint venture partner, Texas Mineral Resources, issued a statement endorsing Biden's presidential decision to designate domestic mining and critical materials for the production of high-capacity batteries as necessary for national defense under the Defense Production Act of 1950 (DPA).

Mkango Resources Ltd. provided an exploration update on the Nkalonje Hill Rare Earths Project, located 14 kilometers from Mkango's Songwe Mountain Rare Earth Development Project. Mapping, sampling, and ground geophysical data were acquired at Nkalonje during the fourth quarter of 2021 and the Company followed up with geophysical data for the area.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices remain firm and stable on April 12, 2022 under interwoven positive and negative factors in the market. Although new guide prices for early April were increased, most participants are cautious towards the outlook. 

China’s domestic rare earth price is still in the downward trend in the middle of April. Against the background of poor downstream demand and the gradual release of production capacity of mining enterprises, the inventory of rare earth raw materials is slightly loose, resulting in the lack of confidence of holders to stabilize prices, and the short-term market is unlikely to stop falling and rebound.