Rare earth is indispensable raw materials in various fields. Recently, the University of Michigan team has developed a technology that combines the ordinary elements into common elements compounds that can replace rare earth metals and has the opportunity to reduce the dependence of industries on rare earth elements.

By measuring minute changes in the ratio of tungsten isotopes, an international collaborative research team has solved a puzzle that has been debated for decades: Is there an interchange of material between the earth’s core and the mantle? The paper has been published in Geochemical Perspective Letters recently.

Since the start of second quarter, EU tungsten prices have declined, but slower than China tungsten prices as deteriorating US-Sino trade relations. Weak demand and oversupply put the burden on the global market.

Analysis of latest tungsten market from Chinatungsten Online

Prices for ammonium paratungstate (APT) and tungsten concentrate in China fell to two-year lows in the week ended on Friday July 12, 2019, with softer-than-expected demand ahead of the upcoming summer lull and ample supply weighing on both markets.

Rare earth market in China is in a weak adjustment on the whole with low trading activity. For light rare earth elements, prices are weak and some sellers start to sell at low prices. Supported by high costs, the space of reduce is limited. Prices of medium and heavy rare earth elements keep stable on tight supply of mines. Most market participants have good expectations for the outlook, but considering the off season, more enterprise purchase according to actual production needs. 

Molybdenum market quotation in China: ammonium molybdate and ammonium heptamolvbdate prices decline slightly while molybdenum price is unchanged from last week. In the molybdenum concentrate market, owing to continued heavy rains, mining becomes more and more difficult and the production of molybdenum concentrate is limited. Downstream buyers are active in inquiry, so sellers have good sentiment. 

Analysis of latest tungsten market from Chinatungsten Online

Due to the sluggish global economic recovery and the negative impact of China-US trade friction, demand for tungsten has weakened and prices have been forced down. The overall revenue of the industry has declined in China, according to a statement released by the China Tungsten Association (CTIA).

Chinese rare earth prices were in the downward trend in the week began on Monday July 8, 2019 on deadlocked supply and demand and weak market confidence. Prices of light rare earth elements declined slightly on oversupply of sport resources and weak demand; medium and heavy rare earth elements market stabilized under the support of environmental protection inspection and tightening availability of raw materials. In the off season, trading volumes are limited and prices tend to decline.

Chinese molybdenum prices maintained stability in the week ended on Friday July 12, 2019 on active steel tenders and eased pressure of melting factories but cautious sentiment of traders. 

Analysis of latest tungsten market from Chinatungsten Online

The decline in Chinese tungsten prices has slowed down, but there is still controversy about when the price to enter the stage of rebound. Buyers and sellers have different views towards the outlook, and the whole tungsten market is weak.