IMPACTS OF RUSSIA-UKRAINE CONFLICT ONTUNGSTEN MARKET & PRICE

PART VI OF X

Thoughts on China’s Tungsten Futures under the Background of Russia-Ukraine Conflict

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price shows stable on April 6, 2022 after the holiday of QingMing Festival as there are no significant changes in the supply, demand and macro news. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price showed steady trend in the week ended on Friday April 1, 2022 as the whole market kept quiet with the approaching of QingMing Festival and mixed factors in macro side. 

China rare earth price continues to decline slightly in the first trading day after the holiday of QingMing Festival. Under the circumstance that downstream users have low enthusiasm for inquiries and purchases as well as insufficient policy support, most rare earth suppliers are willing to sell at a profit, which makes it difficult for the current rare earth prices to stop falling.

China molybdenum price maintains stability on April 6, 2022 after the holiday of QingMing Festival. In addition to the low spot inventory of molybdenum concentrate and the high price of bulk commodities, steel companies are willing to enter the market for bidding and the bidding price is acceptable, which also supports the molybdenum chemical industry to a large extent.

Iluka Resources will build Australia's first rare earth refinery after receiving A$1 billion ($749 million) in debt from the government, which wants to shift critical mineral supplies away from China.

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART V OF X

RMB Exchange Rate VS Price of Tungsten Under The Background of the Russia-Ukraine Conflict

London-listed Pensana, which has made considerable progress on its rare earth project in the past six months, is looking to establish a stand-alone and sustainable magnetic metal rare-earth production facility in Saltend, UK, to meet the needs of the electric vehicle and offshore wind industries.

American Rare Earths Ltd (ARR) has further demonstrated the potential of rare earths following an extensive geological mapping and surface geological sampling program at its flagship La Paz project in Arizona, USA. The company has received good assay results from recent field geochemical samples and continues to support further exploration activities at La Paz.

Neo Performance Materials Inc. announced that its European rare earth processing plant in Estonia - the only operating commercial rare earth separation and processing plant in the European Union - has been awarded a Gold Award by EcoVadis for its 2021 sustainability plan. This places Neo's Silmet plant in Estonia in the top 5% of global plants reporting their sustainability plans to EcoVadis in 2022.