Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium metatungstate (APT) prices in China are in the upward trend benefiting from tight supply of raw materials, high production cost and the rise in new offers from listed tungsten companies. 

In the context of large consumption of downstream magnetic materials companies and strong rised mentality of upstream merchants who hope to increase product prices, the prices of light and heavy rare earth products have increased to varying degrees, and there are more transactions concluded. The short-term market may be strong. 

Molybdenum market quotation in China: ferro molybdenum and molybdenum concentrate prices rise slightly while molybdenum powder price remains unchanged on January 13, 2020 when market participants are not active in trading. 

The year-end 2020 market capitalization for the rare earths companies shows that the top 5 rare earths companies for 2021 are Lynas Rare Earths, MP Materials, Australian Strategic Materials, Neo Performance Materials, and Energy Fuels Inc respectively, according to Investorintel.com website report. Lynas Rare Earths, and Iluka Resources Limited accounted for almost CAD$13 billion value.

Australia's rare earth miners may usher in a new round of dividend cycle in 2021 as the tight supply as well as the inflation and falling the U.S. dollar. According to ACB News. Ben Cleary, portfolio manager at investment management firm Tribeca Investment Partners, said that the tight supply of mining is expected to continue for many years.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten power prices in China continue to remain strong in the week began on Monday January 11, 2021 due to tightening availability of raw materials and active trading activity. 

According to the First Geological Brigade of the Provincial Geological Bureau, 33,000 tons of tungsten ore were discovered in the Fujiashan area of Daye City in Hubei Province. So far, 58,400 tons of tungsten ore has been discovered in the mining area, reaching the large scale of the ore standard.

Inner Mongolia is set to build the first line of rare earth nano thermal insulation materials to break the monopoly of the United States, Japan and Europe. The first phase investment of the project is estimated to be 20 million yuan.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market made a good beginning in the year of 2021 due to the factors as following: 

Rare earth market quotation in China: terbium oxide, neodymium oxide, praseodymium neodymium oxide prices are still in the upward trend on January 11, 2020.