At the beginning of the week, China molybdenum price remained stable on the whole. Although many steel companies' willingness to enter the market for bidding was lower than that of the previous week or two, they were supported by a small inventory of raw materials and production costs. Suppliers have basically kept their prices firm. 

Rare earth prices needed for electric vehicles will continue to soar this year due to strong sales of electric vehicles, uncertainty about supply from Myanmar, and scarce stocks.

The Australian sole operating primary tungsten producer, Queensland-based EQ Resources seals deal with Brisbane-based mining technology company, Plotlogic to apply its Plotlogic technology to tungsten mining.

China accounts for the largest share of the US imports of critical minerals such as tungsten and rare earths in 2021. According to the U.S. Geological Survey (USGS), the major source countries for U.S. imports of mineral commodities, or net import dependence of more than 50 percent, are China, 25 mineral commodities; Canada, 16 mineral commodities; Germany, 11 mineral commodities; South Africa, 10 mineral commodities; and Brazil and Mexico, 9 mineral commodities each.

3D printing developer Headmade Materials has secured another €2.5 million in funding for 3D printing on tungsten, stainless steel, and more, bringing its total funding to €10.2 million. The company's Series A funding was invested by AM Ventures, an investor in printing startups, and also backed by existing shareholder btov Industrial Technology Fund.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices maintain stability on Feb. 17, 2022 as the supply of raw materials resumes gradually and manufacturers making offers become rational, while downstream end users’ buying appetite continues to be low. 

China rare earth price was generally at a high level in the week ended on Friday, February 18, 2022. At the beginning of the week, affected by the limited inventory of raw materials and the increase in downstream demand, the prices of praseodymium neodymium and dysprosium terbium products rose significantly. 

This week, China molybdenum price showed a slight upward trend as a whole. Affected by the mismatch between supply and demand and the considerable price of molybdenum products, buyers and sellers are more motivated to enter the market, so there are more orders. 

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and concentrate prices remain stable and firm on February 16, 2022 as optimism emerges in Chinese tungsten market but market trading is still weak. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten bar prices continue to keep firm in the middle of February, 2022 when the release of tungsten raw materials becomes slower. The market now has prices but no sales.