As we all know, rare earth is a precious and strategic metal resource, which is called "industrial monosodium glutamate", "industrial vitamin" and "mother of new materials". China is the world's largest reserves of rare earths, with a proven reserves of 65.88 million tons. America has 13m tonnes, Russia 19m and Australia 5m tonnes. However, according to the latest data released by United States Geological Survey and related data collected by Mongolia. Mongolia, which is neighboring to China, has become the world's second largest reserves of rare earths after China, with 31 million tons of rare earth mineral resources, accounting for 20 percent of the world's total rare earth reserves.

Stainless steel can be seen almost everywhere in our life, from POTS and pans in kitchen utensils to instruments and instruments in industrial production. However, when molybdenum is added to stainless steel, how will its performance and usage change?

On September 28th, Dominica Sidon, vice president of ITIA, led some delegates to the 31st annual conference of ITIA to visit Zhuzhou Cemented Carbide Group. General Manager and Deputy Secretary of the party from China Tungsten and Hightech Materials Corporation, General Manager Kangde Xie and Executive Deputy General Manager Shanwen Mao from Zhuzhou Cemented Carbide Group, Executive Director and Deputy General Manager Qiming Hu and Deputy General Manager Tao Xu from ITIA, and other officials attended the meeting.

Analysis of latest tungsten market from ChinaTungsten Online

This week, China tungsten price increased slightly and stabilized. The mentality of the upstream and downstream of the industry chain is different: the raw material market is supported by cost factors, the bottom price of tungsten products is relatively clear, the business mentality is positive, and the quotation is close to the high position. 

Rare earth market quotation in China: At the beginning of the week, China rare earth price was generally weak and stable. The sluggish demand side made the sales pressure in the rare earth market prominent. Some traders appeared to let the profit seek the spot, and the mentality of the affected enterprises also declined. 

Molybdenum market quotation in China: At the beginning of the week, the domestic molybdenum price remained stable. Due to the environmental protection actions of Liaoning and other places, the spot resources of raw materials were generally tight, and the bidding atmosphere of steel mills was relatively favorable, which boosted the sentiment of manufacturers and the market activity was also positive. Overall, the molybdenum market shows optimism in the short term, but the business is still cautious about demand performance.

Analysis of latest tungsten market from ChinaTungsten Online

Chinese tungsten prices have been temporarily stable, and the market has a strong mentality. However, the demand-side block factors are still obvious. Purchasers are hesitant to enter the market and holders are reluctant to sell at low prices. At present, the tungsten spot market maintains a small amount of just-needed transactions, with interval high quotation as the main factor. Market speculation and risk factors coexist, and the trading atmosphere is cautious.

Rare earth market quotation in China: This week, domestic rare earth price has been steadily lowered slightly. Due to the cold weather in the demand side, the upstream manufacturers are relatively weak. In addition, in the October listing price of rare earth released by the north on October, the decline of the prices of praseodymium and neodymium series had a certain impact on the market mentality, and the merchants' enthusiasm for operation was somewhat weakened.

This week, China molybdenum price was generally adjusted upwards. On the one hand, the steel tenders delayed before the holiday entered the market one after another, and the purchase of ferro molybdenum prices increased the market mentality. On the other hand, the recent situation of environmental protection in the main producing areas is serious, which has a certain impact on the production activities of smelters. And the industry is worried that the output of raw materials will be affected. 

Recently, reports about superbugs are rampant again. The discovery and application of antibiotics is a great revolution of mankind, but everything is too late. Abuse of antibiotics has caused adverse social consequences.