Almonty Industries announced that it is building a vertically integrated downstream processing plant for tungsten oxide nanoparticles (Sangdong Downstream Expansion Project) to supply the battery anode manufacturing industry in Korea and has signed a Letter of Intent (LOI) with the company's existing debt provider, KfW IPEX-Bank, to finance the Sangdong Downstream Expansion Project.

IMPACTS OF RUSSIA-UKRAINE CONFLICT ONTUNGSTEN MARKET & PRICE

PART IV OF X

Political & Economic Environment Production Cost of China's Tungsten Products in 2022 (2/2)

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price keeps stable in the last trading day of March as participants mostly remain cautious sentiment in the face of supply chain disruptions caused by international conflicts and the epidemic, soaring energy prices, constrained logistics and reduced consumption momentum in manufacturing. 

China rare earth price continued to show downward trend in the week ended on Friday April 1, 2022, mainly due to the spread of panic among suppliers, weak demand from buyers and limited support from favorable policies. 

China molybdenum price remain stable and strong in the week ended on Friday April 1, 2022 affected by active market trading and positive views of participants towards the outlook. 

The Global Times learns that one of Chinese largest rare earths production bases, Ganzhou City, Jiangxi Province, has seen its capacity reduced by at least 25 percent compared to last year, as the main border gate for rare earth minerals shipped from Myanmar to China was closed again at the beginning of the year, which largely affected the supply of raw materials.

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART IV OF X

Political & Economic Environment Production Cost of China's Tungsten Products in 2022 (1/2)

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to keep stable and firm on March 30, 2022 as cemented carbide companies plan to increase product prices since April, shoring up the overall mentality of the industry. 

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART III OF X

The Price Trend of Tungsten Under the Background of the Russia-Ukraine Conflict

Tungsten West Plc, an AIM-listed company, which bought the world's third-largest tungsten resource - Plymouth Tungsten Mine - for £2.8 million in 2019, said it will spend £45 million to upgrade and refurbish the mine's processing plant.