According to the report, U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea’s LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant. As a result, it will help accelerate the layout of the high-end lithium batteries industry.

Reuters reported that after the Sino-US trade war has heated up rapidly, MP Materials, the only rare earth mining company in the United States, said it will double its staffing as one of the strategies to build refining strength. This is part of the American strategy to strengthen refining capacity after the Chinese tariff escalation process has been raised.

The discoverer of tungsten and molybdenum elements, Carl Wilhelm Scheele, was born on December 19, 1742, in Stralsund, Sweden and passed away on May 21, 1786. He is an unknown hero in the history of elements discovery.

Due to rare earths crisis, the natural sources of the six metal elements in mobile phones will be exhausted in the next 100 years, according to the reports of British media. Royal Society of Chemistry research in the UK suggests that there are 40 million unused devices gathering dust alone. Each of these devices contains increasingly rare elements that must be mined from finite natural sources.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten carbide powder prices continue to maintain stability in the Chinese tungsten market. The new offers for the second half of August from large tungsten companies stabilized, giving the market a stable signal. The market now still features difficult sales in high-prices and purchasing in low-price materials. 

Rare earth prices in China are slowly rising, especially the prices of praseodymium neodymium oxide products. the market now is caught in wait-and-see atmosphere and insiders become optimistic about the outlook. 

The sodium molybdate, ammonium molybdate and molybdenum oxide prices in the Chinese molybdenum market continue to keep stable. In the molybdenum concentrate market, although the recent demand of buyers has declined slightly, due to the difficulty of mining, the release of production capacity is relatively limited, manufacturers have not felt the pressure of inventory and prices keep firm.  

Tungsten oxide nanowires are an important N-type semiconductor material with characteristics of electrochromism, photochromism, absorption, and catalysis, etc. They have been widely used in the fields of power batteries, chemical sensors, and optoelectronic devices, and the recent research shows it may be able to make up a lack of high-end capacity of power batteries.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten prices in China maintain stability as the market is in the off-season and the flow of Fanya stockpiles also is uncertain. At present, downstream buyers try to force prices down while tungsten ore prices in the raw material market keep firm. With the impact of high cost, capital shortage and low profits of factories, the whole market now is in a stalemate. 

Rare earth market quotation in China: the dysprosium oxide and DyFe prices declined slightly while neodymium oxide and praseodymium neodymium oxide prices edged higher.