Tungsten News

Tungsten News
Rare Earth Market Update – February 20, 2025 58

Rare earth market update on February 20, 2025 There is no significant change in the overall center of gravity of domestic rare earth prices. Under the interweaving of long and short factors, the atmosphere of traders’ negotiations is slightly stalemate, so the market trading atmosphere is relatively weak and the transaction volume is relatively small. At present, the industry focuses on the downstream demand. Today, the prices of praseodymium-neodymium oxide, terbium oxide and holmium oxide are about 435,000 yuan/ton, 6,100…

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Tungsten: An Overlooked Micronutrient for Human Health 62

Tungsten, a metallic element, has long been the focus of attention in the industrial sector due to its high strength, high density, and excellent corrosion resistance. It plays a crucial role in various fields such as carbide alloys, specialty steels, and electronic materials, and is widely used in mechanical processing, optoelectronic information, aerospace, national defense, and military industries. However, when it comes to human health, tungsten is often overlooked, with few people realizing that it is also an micronutrient for…

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Rare Earth Market Update – February 19, 2025 43

Rare earth market update on February 19, 2025 The overall domestic rare earth market remains tepid, primarily reflected in the cautious sentiment among traders, reasonable fluctuations in the prices of mainstream products, and the scarcity of new orders. According to China Tungsten Online, the recent sharp increase in supplier quotations followed by minor decreases over the last one or two weeks has led to low enthusiasm among downstream users for market inquiries and purchases. Today, the prices saw the following…

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Strengthening International Tungsten Prices and Weakening Domestic Tungsten Prices 54

Analysis of latest tungsten market from Chinatungsten Online Since January, expectations for tungsten market supply and demand have shifted. International tungsten prices have strengthened due to supply chain concerns arising from China’s export controls, while domestic tungsten prices have weakened as producers resume operations but the demand side fails to respond adequately. Currently, after experiencing minor adjustments, tungsten raw material prices have returned to a stalemate, with both buyers and sellers adopting a cautious attitude in market transactions. In the…

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New Round of Mineral Exploration Achievements: Significant Breakthroughs Have Been Made in Lithium Rare Earth and Other Mineral Resources 60

Recently, it was learned from the China Geological Survey of the Ministry of Natural Resources that China’s new-round strategic actions for breakthroughs in mineral exploration have achieved remarkable results. Ten one-billion-ton-class oil fields and nineteen one-hundred-billion-cubic-meter-class gas fields have been discovered. Ten large-scale or above uranium deposits have been found, leading to a substantial increase in uranium resources. The resource volumes of 12 minerals, including copper, aluminum, gold, gallium, germanium, and indium, have increased significantly. Substantial breakthroughs have been made…

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Baiyun Obo Strives to Exceed 3 Billion Yuan in Rare Earth Industry Output Value by 2025 64

Recently, Baiyun Obo has proposed and innovatively designed a new pattern for the construction of a “2+3+N” industrial system. “2+3+N” refers to “2 flagship industry chains (the mineral resources comprehensive utilization industry chain and the rare earth industry chain) + 3 key development industry clusters (new materials, the modern logistics cluster, and the enclave economic industrial park) + N key focus industries”. Comprehensive investment promotion efforts: By 2025, Baiyun Obo aims to sign 30 projects each worth over 100 million…

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The Revenue of XTC New Energy Exceeded 13 Billion Yuan in 2024 68

In 2024, XTC New Energy reported revenues of 13.297 billion yuan, representing a year-on-year decrease of 23.19%. The net profit attributable to the parent company stood at 497 million yuan, a year-on-year decline of 5.70%. After deducting non-recurring net profit of 450 million yuan, there was a year-on-year decrease of 3.36%. The basic earnings per share was 1.18 yuan, showing a year-on-year decrease of 5.60%. At the end of the reporting period, total assets reached 14.695 billion yuan, registering a…

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Beijing University of Technology Overcomes the Problem of Recycling Tungsten and Molybdenum from Waste FCC Catalysts 47

Researchers from Beijing University of Technology have developed an innovative process for efficiently recovering tungsten (W) and molybdenum (Mo) from waste fluid catalytic cracking (FCC) catalysts. The proposed method, termed “oxidative roasting-alkali roasting-wet ball milling leaching,” offers a dual benefit: it significantly enhances the extraction efficiency of these valuable metals while minimizing waste liquid and gas emissions, achieving a balance between resource recovery and environmental sustainability. FCC catalysts are crucial in petroleum refining, particularly in the catalytic cracking process. They…

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USDOC Preliminary Affirmative AD Determination on Tungsten Shot from China 48

According to the announcement by the International Trade Administration (ITA) of the United States, on February 13, 2025, the U.S. Department of Commerce (Commerce, USDOC) announced its preliminary affirmative determination in the antidumping duty (AD) investigation of certain tungsten shot from the People’s Republic of China (China). USDOC is also conducting a concurrent countervailing duty (CVD) investigation of certain tungsten shot from China. Preliminary Dumping Rates: 201.32% (except for one unit with a rate of 183.31%) Case Calendar Event AD…

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Molybdenum Market Update-February 18, 2025 46

Molybdenum market update on February 18, 2025 The domestic molybdenum market generally maintains a weakly consolidated operation. Amid the interweaving of bullish and bearish factors, the trading atmosphere among traders is rather subdued, leading to limited market trading volume and narrow-range fluctuations in product prices. From the perspective of bullish factors, first, due to stricter environmental policies, higher production costs, and more cold-weather conditions, the capacity release of many molybdenum mining enterprises is restricted. Moreover, with a large number of…

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