Tungsten Bar Prices in China Decline With the Impact of Coronavirus

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and tungsten bar prices in China continue to decline when many global industries expect a global slowdown in the second half of 2020 due to the impact of coronavirus. With the approaching of holiday of Tomb-Sweeping Day, most market participants take a watchful stance. 

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FLX Bike Launches Eco-Friendly Lithium Battery E-Bikes

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The start-up FLX Bike launches eco-friendly lithium battery e-bikes recently. The company has raised $1.3 million in crowdfunding, far-surpassing its initial $20,000 goal, in less than one day, according to foreign media reports.

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70,000 Tons of China's Tungsten Output in 2019, Over 80% of World's Total

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Per the mineral product summary 2020 data of U.S Geological Survey (USGS), the world's tungsten reserves were 3.2 million tons as of the end of 2019, of which the reserves in China were 1.9 million tons, which was the world's largest resource country; Russia, 240,000 tons, ranks second; followed by Vietnam, 95,000 tons; Spain, 54,000 tons; the United Kingdom, 44,000 tons; North Korea, 29,000 tons; Australia, 10,000 tons; and Portugal, 3100 tons.

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290,000 Tons of Global Molybdenum Output in 2019, China Accounts for Nearly 50%

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U.S. Geological Survey mineral product summary 2020 data shows that as of the end of 2019, the world's molybdenum reserves were 18 million tons, of which China's reserves were 8.3 million tons, which was the world's largest resource country; followed by Peru, 2.9 million tons; the United States, 2.7 million tons; Chile, 1.4 million tons; Russia, 1 million tons; Turkey, 700,000 tons; Mongolia, 210,000 tons;  Armenia, 150,000 tons; Mexico, 130,000 tons; Argentina, 100,000 tons; Canada, 100,000 tons; Uzbekistan, 60,000 tons; and Iran, 43,000 tons.

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China Tungsten Powder Prices Continue to Drop in Late March

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Analysis of latest tungsten market from Chinatungsten Online

China ferro tungsten and tungsten powder prices continue to drop in the week began on Monday March 30, 2020 due to profit cuts of products and slowdown in manufacturing output. Most market participants take a watchful stance at the end of this month. 

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Praseodymium Oxide Prices - Mar. 31, 2020

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Rare earth market quotation in China: the latest of terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices are in the downward trend on Mar. 31, 2020 due to the slowdown in manufacturing industry around the globe. 

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China Molybdenum Concentrate Prices - Mar. 31, 2020

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The latest of ferro molybdenum, molybdenum oxide and molybdenum concentrate prices in China are unchanged from the previous trading day due to continued spread of coronavirus. However, as the inventory of many downstream companies is about to run out, and the willingness to pick up goods is expected to increase in April, the activity of on-site trading has risen slightly.

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ZellkoBatt Project Ups Lithium Cells Production in German

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ZellkoBatt, a project aimed at optimizing large-format lithium cells for automotive applications while cutting the costs of components as well as manufacturing processes has just launched by the researchers from Germany's Centre for Solar Energy and Hydrogen Research Baden-Württemberg, known by its initials ZSW.

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Rare Earth Plates of BaoTou Steel Leap to Body Manufacturing

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Rare earth plates of Inner Mongolia BaoTou Steel Union Co., Ltd. (hereinafter referred to as Baotou Steel or the company) take a major leap from component supply to body manufacturing. After more than 3 months of hard work, the surface FD grade steel plate produced by the company began to be used in the "body-in-white" manufacturing of Chery Automobile. The trial results show that the rare earth plates are completely qualified.

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Tungsten Price in China Declined on Reduced Demand

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Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China was in the downward trend in the week ended on Friday March 27, 2020 because the continued spread of coronavirus worldwide has led to reduced demand from other countries. Domestic market participants remained cautious sentiment and also held negative view on the market in April. 

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