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Tungsten Ore Price in China Stabilize in the Middle of January

Analysis of latest tungsten market from Chinatungsten Tungsten Weights Online

The tungsten prices in China are unchanged from the previous trading day Tungsten Carbide Rods Single Hole with the impact of strong atmosphere of holiday. With the approaching of Chinese New Year, the Tungsten Carbide Rods Double Holes production, transportation, capital funds and demand are affected. Most market participants are ending up their works for the holiday. 

In the tungsten concentrate market, tungsten ore price is hard to be raised, but sellers have good confidence for the outlook and are reluctant to sell at present. For the APT market, smelting factories remain low operating rate with strong sentiment to avoid risk of price inversion. The tungsten powder market is quiet and prices will continue to keep stable.

Prices of tungsten products on Jan. 16, 2020

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Foxconn Opto

Foxconn opto-mechanical's high-end tungsten steel project successfully settled in Jincheng Park. Jincheng Industrial Fund and other companies jointly completed the first phase of the project to invest 80 million yuan to promote the city's cooperation with the group to cultivate the optical mechanical and electrical industry, create a smart manufacturing brand and the "World Optics Valley" in Shanxi province, as well as promote high-quality transformation.

High-end tungsten steel material is a basic material project for Foxconn to expand its new field of intelligent manufacturing by combining its own material tool advantages. It is also a core element of the company's transition from precision manufacturing to intelligent manufacturing. The products of this project can be used in coal mining equipment and mining enterprises, and are widely used in cutting, mining and other production links, and are widely used in high-end equipment fields such as precision machine tools, and promote the city to build Shanxi's intelligent manufacturing brand to form industrialization practices.

Last March, the municipal government, Foxconn Technology Group, Taihang Fund, and Jincheng Industry Fund jointly signed an optical-electrical-mechanical cooperation agreement. Industry funds closely tracked with market-oriented thinking and efficient docking, effectively promoted the establishment of high-end tungsten steel materials projects in the Park.

Since last year, the city has introduced a "1 + N" policy system. Shanxi University and the government of the city in Shanxi province signed a strategic cooperation agreement to jointly establish an Optoelectronic Information Industry Research Institute in the metropolis. The institute focus on bottlenecks that are restricting the development of Jincheng’s optoelectronic information industry. And prepared for the establishment of a "5 billion + 1 billion" optical mechanical and unground solid tungsten carbide rods electrical industry fund, and partnered with Foxconn to build a "two centers and a base". During the period, the industrial fund guided the flow of social funds to the high-end of the industrial chain through government fund input and provided strong financial support for the cultivation of the optical mechanical and electrical industry.

At present, the Industrial Fund has completed the investment of more than 44 million in Lanyuan Logistics Park, Fuji New Materials and Foxconn Optoelectronics' high-end tungsten steel materials projects. The joint investment has driven and leveraged bank funds of 220 million yuan. At the same time, it is conducting an industrial sub-fund around the five major industrial systems in Jincheng layout, vigorously attract external high-quality funds and social customized tungsten carbide capital, improve the efficiency of local capital operations and the construction of advantageous industrial clusters from the capital supply side.

Top 5 Rare Earths Companies for 2021

The year-end 2020 market capitalization for the rare earths companies shows that the top 5 rare earths companies for 2021 are Lynas Rare Earths, MP Materials, Australian Strategic Materials, Neo Performance Materials, and Energy Fuels Inc respectively, according to Investorintel.com website report. Lynas Rare Earths, and Iluka Resources Limited accounted for almost CAD$13 billion value.

MP Materials is the No.1 company of the top 5 rare earths companies for 2021. The company is a recent return of the Mountain Pass rare earths mine to space. The only rare earths mine in the US was recommissioned in 2017 after a storied history of corporate intrigue and insolvency. However, as MP Materials is one beneficiary of the US Government's determination to create a strategic critical metals reserve and MP Materials is in the game. A significant knock on the Mountain Pass mine however is that it produces none of the heavy rare earths, which are so critical for all of our technology nowadays. The company is currently sending its' production to China for processing.

Lynas is the only company in the world that has rare earth processing capacity that is not located in China. Other companies are looking at significant investments to build more global processing capacity, but this will take plenty of time and money, and ore supplies that are currently under contract to be processed in China. Noting this problem, Lynas has announced the construction of additional rare earths processing center in western Australia. Note that all of the processing capacity is currently located in Malaysia. Recall the issues that Lynas had before the facility was fully commissioned.

Australian Strategic Materials tungsten carbide bars Limited (ASM) created by a corporate demerger completed in July 2020, ASM came out of Alkane Resources as the company's directors sought to unlock shareholder value in the then-combined gold/rare earths company. Recent milestones of the company include successfully producing a neodymium iron boron (NdFeB) alloy from a ferro-neodymium (FeNd) permanent magnet alloy. ASM is moving along a well-planned timeline to have the Dubbo rare earths mine in production in later 2023, including project financing which is expected to be concluded around mid of 2021.

Neo Performance Materials (Neo) is undertaking a lot of things, including the only other rare earths processing facility that is not in China (located in Estonia). In addition, the company has 11 manufacturing facilities and is a world leader in innovation and unground solid tungsten carbide rods the production of permanent magnet powders, through its Magnaquench business unit. Neo has also been touted as a takeover target for MP Materials, as several Neo assets were once part of Molycorp, but with Neo's prospects, it is likely that the shareholder base would demand a massive premium to approve that transaction.

According to the Investorintel.com website, the number 5 company of the top 5 rare earths companies for 2021 is Energy Fuels Inc. Energy Fuels is engaged with a number of leading rare earths industry experts across a broad spectrum to advise the company on the rare earths segments including a technical agreement with Neo Performance Materials, a US Department of Energy contract, along with Penn State University for the recovery of rare earths from coal. The company is also working with noted rare earths industry experts.

China’s Xianglu Tungsten Declined APT Price for Late November

Analysis of latest tungsten carbide strips tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China keep stable on November 26, 2020 as the market is in a stalemate. Upstream suppliers are reluctant to sell their products at low prices while downstream buyers are not active in trading. 

China’s Xianglu Tungsten Released its offers for Tungsten Carbide Rods the second half of November: 55% black tungsten concentrate price was $12,692.3 per tone, up $30.8 per tone compared with the first half of this month; 55% scheelite concentrate price was $12,538.5 per tone, up $30.8 per tone; APT price was $218.2 per mtu, down $1.2 per mtu. 

Strength in the domestic market and a stronger yuan boost the Chinese ammonium paratungstate export price. The domestic APT spot price inches up to $220.8 per mtu but no deals reported. The tungsten Tungsten Weights powder market is supported by high raw material prices, but continued weakness in the demand side weakens market confidence.

Prices of tungsten products on November 27, 2020

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China Molybdenum Concentrate Price - November 5, 2020

China molybdenum price is in the upward trend in early November despite the market is still in a stalemate. However, with the support of high production cost, molybdenum mining enterprises have strong rised mentality. In addition, smelting factories do not consider profit-taking anymore in order to avoid the risk of price inversion. 

At present, molybdenum concentrate price is RMB 1,420/ton, ferromolybdenum price is RMB 98,000/ton, molybdenum oxide tungsten carbide plates price is RMB 1,490/ton, and ammonium tetramolybdate price is RMB 97,000/ton.

At the beginning of this month, although the number of tenders for steel mills was small, the tender price was raised to around 95,000 yuan/ton. This is also one of the reasons why ferro-molybdenum manufacturers have increased their awareness of price increases. Driven by the positive atmosphere in the raw material market, the market of molybdenum chemical and its products has improved slightly, and the relationship between supply and demand is relatively balanced.

In late October, the stocks of five major steel products in 20 cities were 11.27 million tons, a decrease of 890,000 tons or 7.3% from the previous ten days. In terms of sub-regions, East China was the region with the largest reduction, with a month-on-month decrease of 350,000 tons, a decrease Tungsten Carbide Rods Single Hole of 11.5%; North China and South China decreased by 110,000 tons, a decrease of 1.8% and 3.4% respectively; Southwest China decreased by 100,000 tons, a decrease of 3.8%; Central China A decrease of 80,000 tons, a decline of 6.4%; a decrease of 70,000 tons in the northeast and northwest, a decrease of 19.4% and 12.5% respectively.

Prices of molybdenum products on November 5, 2020

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