GROOVE CUTTER,DRILLING INSERT MANUFACTURER,TUNGSTEN CARBIDE INSERTS

Rare Earth, Tin, and Shale Gas Discovered in Henan

Including tin, rare earth and shale gas, 269 new mineral deposits have been discovered in Henan Province, of which 147 are large-scale and 70 are medium-scale, filling the mineral gap in the province. The newly discovered resource reserves of important ground tungsten carbide rods minerals such as bauxite, antimony, molybdenum, vanadium, and rock salt continued to maintain the forefront of domestic, according to Henan Provincial Department of Natural Resources.

Through the implementation of the "Strategic Action for Prospecting Breakthroughs", Henan has grasped the appearance of coal, aluminum, iron, tin, rare earth and other mineral resources, and has ascertained the state of coal resources shallower than 1,500 meters in the province. It has added 45.7 billion tons of coal reserves.

The resources of Tongzhe Coal Field exceeded 23 billion tons, making it the largest coal field in the province. The bauxite resources were ascertained at a distance of 700 meters and the reserves of bauxite resources exceeded 1 billion tons, further consolidating unground solid tungsten carbide rods Henan's status of an important aluminum industrial base.

Besides tin, rare earth and shale gas deposits. In the prospecting of gold, silver, lead-zinc and molybdenum polymetallic deposits, there are breakthroughs as well. 14 large and medium-sized gold deposits have been discovered, with an additional gold resource reserves of 350 tons.

Luanchuan area has discovered a total of 3.92 million tons of molybdenum resources and tungsten 750,000 tons. Songxian-Luanchuan County has discovered more than 20 million tons of fluorite ore reserves, which has promoted fluorine chemical to become a local pillar industry. In Xichuan County, a number of large graphite mines have been discovered, with resource reserves of more than 30 million tons.

Molybdenum Oxide Price - October 10, 2020

The ferro molybdenum, molybdenum powder and molybdenum oxide prices in China maintain stability but start to show sign of rise on October 10, 2020 thanks to good sentiment and firm offers of market participants, despite of low trading activity.

From the perspective of positive factors, first, many steel companies are more active in bidding after the holiday, which has promoted traders to generally increase their trading confidence and strong bullish sentiment. Second, during the National Day holiday, the international molybdenum price has been raised several times. It has played a greater supporting role in the renewal of confidence in the domestic market, so market prices are more likely to rise in the short term. 

From the perspective of negative factors, the continued spread of epidemic in overseas markets is still one of the reasons why the global Tungsten Carbide Rods Single Hole manufacturing industry’s prosperity is difficult to improve, which in turn has more or less impact on consumers’ confidence. In addition, in the traditional peak season of consumption, downstream demand is less than expected, which is also one of the factors that cause buyers to lower prices.

In the news: The PMI of the domestic steel industry in September was 43.9%, a decrease of 3.1 percentage points from the previous month, and the fourth consecutive month of decline. From the perspective of sub-item data, the new order index fell 9 percentage points from the previous month to 36.6%, the lowest since February; the new export order index rebounded by 11.9 percentage points from the previous month to 46.6%.

Prices of molybdenum products on October 10, 2020

Picture of molybdenum block 

Follow ground tungsten carbide rods our WeChat to know the latest molybdenum price, information and market analysis.

UNEP’s “Critical Metals for Sustainable Technologies” to Make Use of Rare Earths and Other Metals

The report of “Critical metals for future sustainable technologies and tungsten carbide burrs their recycling potential” for the United Nations Environment Programme (UNEP) aims at sustainable development of technologies to use indium, germanium, tantalum, platinum group metals (especially ruthenium, platinum, palladium), tellurium, cobalt, lithium, gallium, rare earths (including 16 elements) and other "high-tech metals" are classified as "green rare metals".

The UNEP is responsible for coordinating the UN's environmental activities and assisting developing countries in having environmentally sound policies and practices. UNEP was founded in 1972 by Canadian businessman and philanthropist Maurice Strong, its first director, following the United Nations Conference on the Human Environment. Its mandate covers a wide range of areas, including the atmosphere, marine and terrestrial Tungsten Carbide Rods Double Holes ecosystems, environmental governance, and green economic development.

UN has carried out a funding project entitled “Critical metals for future sustainable technologies and their recycling potential” in line with the activities agreed on in the Grant signed between UNEP and the European Commission and in relation to work on Sustainable Innovation. The basis for this study regarding contents is ToR “Proposal of sustainable innovation and technology transfer, industrial sector studies, including final draft Terms of Reference: Critical metals for future sustainable technologies and their recycling potential.”

The focus of this study lies on future sustainable technologies such as renewable energies and energy efficient technologies which will make use unground solid tungsten carbide rods of Indium (In), Germanium (Ge), Tantalum (Ta), PGM (platinum group metals such as Ruthenium (Ru), Platinum (Pt) and Palladium (Pd)), Tellurium (Te), Cobalt (Co), Lithium (Li), Gallium (Ga) and RE (rare earths) and other ‘high tech metals’, also classified as ‘green minor metals’ which are the basis for cleaner technology innovation.

The first objective is to analyze in depth the global availability and expectations for the development of the critical metals' demand, supply and prices. Secondly, the study focuses on the comprehensive analysis of their recycling potential and moreover, the study will explore favorable framework conditions for critical metals recycling systems.

The UNEP report lists 4 types of future sustainable technologies and the metals to be used. First, tantalum, indium, ruthenium, gallium, germanium, palladium, etc. must be used in power and electronic equipment technology. Second, gallium that must be used in photovoltaic technology, tellurium, germanium, indium, etc. Third, cobalt, lithium, and rare earths that must be used in battery technology. Fourth, platinum, palladium, and rare earth metals must be used in catalytic technology.

China APT Price Is Weak Due to Persistent Weakness in Overseas Markets

Analysis of latest tungsten market from Chinatungsten Online

The tungsten powder and ammonium paratungstate (APT) prices remain weak adjustment when the cost side is the only support for the market. Low-price resources decrease and downstream demand continues to be weak. The tungsten market is quiet with low transactions concluded. 

China’s Xianglu Tungsten released its new offers for the first half of November: 55% black tungsten concentrate price was $12,661.5 per tone, down $107.7 per tone compared with the second half of October; 55% scheelite concentrate price was $12,507.7 per tone, down $107.7 per tone; APT price was $219.4 per mtu, down $2.3 per mtu. 

Sellers in the tungsten concentrate market have strong rised mentality but still face pressure of shipment. The APT and tungsten powder market is restricted by persistent weakness Tungsten Carbide Round Rod in the overseas markets. With the impact of stress of cost and capital side, buyers and sellers have different psychological prices for transactions. In the short term, insiders will tend to take a watchful stance.

Prices of tungsten products on November 13, 2020

Picture of tungsten powder 

Follow our WeChat to know the latest tungsten price, information and market analysis.