Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten concentrate prices in China maintain stability at the beginning of this week on deadlocked supply and demand in the market. 

The neodymium oxide and praseodymium neodymium oxide prices decline slightly while cerium oxide price keeps stable in the Chinese rare earth market on deadlocked supply and demand. Despite the impact of environmental protection, high temperature and rainy weather, small and medium-sized manufacturers have correspondingly reduced production, and prices tended to be raised. 

The sodium molybdate and ammonium molybdate prices in China are unchanged from the previous trading day on strong rised mentality of raw material manufacturers, cautious sentiment in the demand side and limited transactions. 

Australia will step up the rare earth development and production to ensure its supply in Western defense needs, and prevent China from controlling its export as a weapon of trade warfare.

Taking tungsten and rare earth’s advantages, the new energy automobile industry chain has formed in Ganzhou city, Jiangxi province. Before years, due to the low level of technology and weak market prices of rare metals, short-term industrial development relies on "old" resources. The city aims to transfer economy industry and builds a New Energy Automotive Technology City.

Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and Zhangyuan Tungsten have raised both its tungsten concentrate and ammonium paratungstate (APT) price forecasts for August. The increase in the association’s forecast prices failed to live up to market expectations.

Chinese rare earth prices are unchanged from last week on relatively quiet market. Under the further intensification of Sino-US trade frictions and stricter environmental protection inspectors, most people in the industry have great hopes for the future market trend. 

Molybdenum market quotation in China: the molybdenum concentrate, sodium molybdate and ammonium molybdate prices climb slightly in the week began on Monday August 12 when the market remains quiet. 

The Mobile Rifle Armor Protective Shield (MRAPS) can withstand continuous shooting of 10 piercings 5.56mm M855 green tip tungsten core armor-piercing discarding sabot within 9 meters, leaving only bullet holes on the surface and slightly deformed behind the bulletproof shield, not penetrated!

Researchers say rare earth scrap radiation is low that Lynas can’t be driven away, the company believes that they can continue to operate. After inviting them to invest and Malaysia cannot “drive away” them, only because one party does not accept expert research.