Chinese molybdenum price was adjusted in a narrow range in the last trading day on Dec. 31, 2019. The market inquiry and purchasing atmosphere still had a large room for improvement, and the actual transactions were limited. 

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, Chinese tungsten prices are unchanged from last week when the raw material markets features tight supply and firm offers with more and more manufacturers stop quoting at the end of the year. But high-price transactions are hardly concluded despite raw material sellers keep good confidence. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in China maintained stability in the week ended on Friday December 27, 2019 as the whole industry is in a stalemate at present. The tungsten prices will continue this trend in the short term, keeping in line with offer levels from listed tungsten companies. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese ferro tungsten and tungsten powder prices remain stable as most of insiders take a watchful stance in the market. With the approaching of New Year, downstream users are not willing to stock up, so prices got less support. Most listed tungsten companies tend to stabilize in December concluded from their offers. 

Nemaska Lithium (TSX: NMX) of Canada said on Monday that it had applied for creditor protection. In the face industry oversupply, the company had been struggling to find new investors for months to continue operations.

Domestic heavy rare earth market seems to usher the long-awaited "spring". Since the beginning of November 2019, when the market price of light rare earth has fallen, the price of heavy-rare earth has continued to rise, such as dysprosium oxide. From early November till now, the domestic market prices have risen sharply, with a monthly increase of 13.5%.

To reduce global rare earth reliance on China, Canada and the US recently signed a Memorandum of Understanding (MOU) to strengthen cooperation in mining and production of rare earths. The memorandum was signed on December 19 to ensure the supply of crucial minerals to key industries such as aviation, defense, and clean energy.

Two-dimensional Molybdenum disulfide (MoS₂) enabled flexible rectenna converts Wi-Fi signals into useful DC power, it is expected to realize wireless fidelity power generation. Nowadays, wireless fidelity is everywhere. Asides from surfing the Internet, relevant foreign scientists have invented a device that can convert its signals into electricity to open a way for the widespread application of wireless energy transmission.

South Korean power battery company SK Innovation is about to provide lithium-ion batteries for 500000 electric cars for Hyundai Motor Group on its E-GMP platform.

Myanmar has closed the border to China to suspend rare earth ore exports, given the environmental damage and conflicts caused by Chinese miners' unregulated operations. According to data, the trade volume between the two nations in the fiscal year 2016 to 2017 was 10.8 billion US dollars, and the fiscal year 2017 to 2018 was 11.78 billion US dollars. In the first four months of fiscal 2018 to 2019 (October 1, 2018, to January 31, 2019), the trade volume reached the US $ 3.74 billion.