Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability on the whole. Although raw material manufacturers have the willingness of supporting current prices, the weak demand side and the unclear outlook of economy weaken market confidence. Considering the imbalanced supply and demand, and low trading activity in the market, the price trend is expected to stabilize in the short term. 

Rare earth market quotation in China: the latest of terbium oxide and dysprosium oxide prices climb slightly while lanthanum oxide price is unchanged in the middle of December. 

The latest of ammonium molybdate, sodium molybdate and molybdenum concentrate prices in the Chinese market remain stable under the relatively tight supply of molybdenum concentrate and limited orders from downstream buyers. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten carbide powder prices in the Chinese market maintain stability with the support of strong rised mentality of raw material sellers. There are some high offers in the raw material markets, but transactions are hardly concluded. New increased orders are rare in the market at present. 

On lithium-ion batteries degradation mechanisms, new findings have been reported in Nature Communications by Karlsruhe Institute of Technology (KIT) recently, which might contribute to the development of batteries of far higher capacity. KIT and cooperating institutions studied structural changes during the synthesis of cathode material for future high-energy lithium-ion batteries and obtained new major findings of degradation mechanisms. It helps develop higher-capacity batteries that will increase the range of electric vehicles.

Lewiston-based manufacturing company, Elmet Technologies was awarded a $ 4.2 million contract from the US Department of Defense to develop tungsten heavy alloy and molybdenum products for the military. Company officials said the contract would preserve 155 jobs and create more jobs.

Analysis of latest tungsten market from Chinatungsten Online

Opening this week, the China tungsten market was caught in wait-and-see atmosphere. The new guide prices from Ganzhou Tungsten Association and listed tungsten companies were raised slightly, boosting market confidence, but the adjustment was limited, showing a more conservative mindset of raw material manufacturers. 

Molybdenum targets in the production line of Luoyang Sifon Electronic Materials Co., Ltd. (Sifon Electronic) have successively rolled off these days. These high-end targets are destinated to the well-known domestic LCD screen manufacturers, such as Boe Technology Group Co., Ltd., and Huaxing Optoelectronics.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten average forecast prices from China's Ganzhou Tungsten Association and offer levels from listed tungsten companies were released gradually, which were raised slightly compared with the ones in November. But the adjustment is limited and is not expected to affect current price trend greatly. 

The terbium oxide, praseodymium oxide and praseodymium neodymium metal prices in the Chinese market rise slightly despite of thin market trading. In the light rare earth market, the overall performance is poor. Under the situation of good news and insufficient stimulation, magnetic materials companies basically maintain rigid demand, but due to the constraints of the flow of spot resources and the gradual consumption of low-cost sources in the market, most suppliers offer firm prices;