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Like many of the 35 minerals and metals deemed critical to the United States, China controls the new tungsten coming into global markets.

Analysis of latest tungsten market from Chinatungsten Online

Surplus supply has weighted on tungsten concentrate and ammonium paratungstenstate (APT) prices over the past couple of months in the Chinese market and is expected to further press transaction prices over the next two months as heavy rains in Jiangxi province have reduced production by around 20opc. 

Rare earth market quotation in China: the latest prices of praseodymium oxide, lanthanum oxide and praseodymium neodymium oxide remain stable due to quiet market in early July. For medium and heavy rare earth elements, most insiders think the market would continue its upward trend after a slight decline; and for light rare earth elements, oversupply still worries people and market trading seems down, so the market is weak at present. 

Molybdenum market quotation in China: the latest prices of molybdenum concentrate, molybdenum oxide and molybdenum bar maintain stability in early July on tightening availability of raw materials but persistent weakness in the demand side. Traders keep stable sentiment, waiting for the moves in fundamentals, policy, and news.

Estimates vary, but it’s likely that China controls more than 80% of the world’s tungsten production.

A group of researchers at tungsten specialist Wolfmet, Manchester, UK, have developed a method to additively manufacture complex tungsten components for high-precision applications such as collimators and radiation shields in CT, SPECT, MR and X-ray imaging systems.

Huge reserves of tungsten mine creates value as well as brings a resource crisis, just like China's rare earth events, policy makers have realized the seriousness of the problem and introduced corresponding protection measures.

Analysis of latest tungsten market from Chinatungsten Online

Chinese tungsten prices continued the downward trend in the week ended on Friday June 28, 2019 owing on weak market confidence, low buying appetite of terminal market and buyers demanding for lower product prices. 

Rare earth market quotation in China: domestic rare earth prices remained weak adjustment in early July as the G20 summit on the weekend and the Sino-US economic and trade consultations have an obvious influence on market sentiment. The rare earth prices rose sharply in the previous period has gradually declined, considering transactions hardly following up the high prices. At present, oversupply still weights on rare earth prices and most market participants take a watchful stance.