Jiangxi Ganzhou Rare Metal Exchange Co., Ltd. (hereinafter referred to as Ganzhou Rare Metal Exchange) has officially opened for operation at the end of 2019. It is an exchange for spot transactions in tungsten, rare earths and minor metals, according to a report posted by the Association of China Rare Earth Industry on Thursday.

The first liquid-air energy storage (LAES) plant in the US is expected to compete with lithium-ion battery energy storage and gain a foothold in the energy storage market.

Analysis of latest tungsten market from Chinatungsten Online

In the first trading day of the year of 2020, the tungsten prices in China still keep stable in wake of strong rised mentality of sellers but rare transactions concluded.

DeepHealth proposed that they are expected to develop software that can improve the accuracy and accessibility of molybdenum target screening worldwide recently. Working with several well-known institutions around the world, they developed a deep learning model for breast cancer detection that defeated five full-time radiologists and previous SOTA models. Although this deep learning model is mainly trained for Western populations, it can also be widely applied to Chinese populations. But on Reddit, many netizens have expressed different views and opinions.

Chile plans to increase lithium carbonate production from the current 96,000 tons per year to 232,000 tons per year by 2027-making it the world's second-largest producer, according to Bnamericas.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten concentrate price in China failed to move up despite the tight supply due to the stricter environmental protection inspection. But producers predict the raw material price will rise further before the Lunar New Year holiday (January 24-30). 

China rare earth prices show a narrow range on the whole in the first trading day of the year 2020. Firstly, due to the lukewarm inquiries from downstream users and the instability of purchasing psychology, market confidence is difficult to boost, coupled with the pressure of capital flow, a few rare earth smelting manufacturers' quotes have been slightly reduced; 

Molybdenum market quotation in China: the latest of ferro molybdenum, molybdenum concentrate and molybdenum powder prices maintain stability in the first trading day in the year of 2020 on relatively good trading atmosphere. 

Analysis of latest tungsten market from Chinatungsten Online

With the approaching of New Year, Chinese tungsten market is quiet with cautious sentiment of traders and stabilized prices. On the one hand, raw material enterprises have strong rised mentality as more and more factories stop production to undergo repair at the end of the year. The low-price resources are hardly purchased now. on the other hand, some factories are not active in stocking up when the market outlook remains unclear. 

Rare earth market quotation in China: the latest prices of europium oxide, neodymium oxide and dysprosium oxide continue its stability on Dec. 31, 2019 due to heavy wait-and-see atmosphere in the market.