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How Would a Second Wave of Covid.htm

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China shows weak in the week began on Monday October 10, 2020 as a second wave of Covid-19 is affecting markets all over the world. Market participants in China worry about the import and Cemented Tungsten Carbide export under the coronavirus. Moreover, the market faces many uncertainties with the approaching of US election. 

The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and various market participants worry about the consequences that any new restrictions or lockdowns could have for the tungsten sector. In addition, Covid-19 is still cemented carbide rods spreading rapidly in India, American and Brazil. 

Many suppliers have to lower their offers to secure limited inquiries amid weak consumer demand. But buyers still take a watchful stance, waiting for the next move in the market. Therefore, the market trends to be quiet. In the short term, the tungsten market is expected to be in a stalemate.

Prices of tungsten products on October 15, 2020

Picture of yellow tungsten oxide 

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Geomega Obtains US Patent for Rare Earths Recycling

The Montreal-based Geomega Resources company said its patent entitled "A system and a method for metallurgical extraction of rare earth elements (REE) and niobium” has been approved for grant by the US Patent and Trademark Office.

The company claims to be a developer of clean mining and recycling technology for rare earths, claiming that the technology was developed in-house for a rare earth elements deposit found near Montviel, Quebec. The same technology can be applied to a recycling process for end-of-life magnets.

Rare Earth Elements (REE) are a group of 15 elements called the "lanthanides" out of which 14 are naturally occurring and stable elements. Two other elements, Scandium (Sc) and Yttrium (Y) are often grouped with REE due to their similar properties. The company said on its website that it has partnered with other companies to collect end-of-life magnets to harvest RREs from that scrap stream. The company said that its European partner Rocklink collects about 16 metric tons of scrap magnets annually from 70 companies there.

"We have companies like Jobmasters near Toronto, who recently joined us in this initiative to collect more magnets," said Kiril Mugerman, Geomega's president and CEO. "They represent hundreds of clients - each one of those clients wants to collect rare earth magnets. Everybody is striving toward a zero-waste policy, which means they want to return whatever they don't use or send scrap back to the manufacturer. That manufacturer or distributor wants to send it back to a recycling plant, and that's where we come in."

Mugerman said. "The grant of this patent acknowledges that our unique process has been recognized and protected. The Montviel metallurgy research executed in 2014 and 2015 led to these patents and set the framework for how Geomega operates today committed to lowering the environmental footprint of processes to extract and separate REE, reagent regeneration, and minimizing the number of effluents and solid waste that are generated. The company is in discussions with potential partners to use this expertise in the metallurgical treatment of REE to help tungsten carbide sheet develop a Western supply chain."

The technology was developed by Dr. Pouya Hajiani, Geomega's chief technology officer, and tested in a laboratory environment, which calls "bench scale". The company added that the patent covers an approach to reducing the use of reagents while producing high recovery rates of REE and niobium.

"With rare earths supply chains under the microscope again, efforts are underway by the U.S. and Canadian governments to bring critical materials production back to North America, which would favor our company," Mugerman said.

"Coupled together with our ISR (Innord's Separation of REE) technology, Geomega could ultimately deliver a complete solution of primary mining, recycling, and separation all under one Yg6 Carbide Tips roof," Mugerman added. The company is moving from a demonstration plant to preliminary production, supplying so-called high-value rare earth to North America and the rest of the world.

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Tungsten market continues to be reluctant to sell, deal more difficult

Tungsten market: tungsten ore cargo Rock Drilling Tool operators continue sellers, leading to downstream smelters home raw material procurement difficulties, difficult to produce improved smelter home production and sale of enthusiasm diminished, leading to downstream powder manufacturers purchase APT also difficulties, many smelters home ahead of schedule shutdowns, and as the traditional Spring Festival approaching, the market started downstream are constantly reducing sodium tungstate market transactions more difficult, the recent shutdown of the manufacturers or increased.

Molybdenum market: small market inquiry, trading has stagnated. Raw material prices are still low, mining enterprises shipments will decline, the market impact of ferro molybdenum, severe overcapacity, steel demand, the pace of dropping or continuity. Short-term market is rock drill bits expected to continue to run under partial.

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North American demand for light tungsten carbide powder, a small drop prices

Tungsten carbide powder market in North America is currently weak market stability maintenance , WC 99.7% min price of $ 55-60 / kg contraband hair that has fallen below 60 U.S. dollars / kg , low price of $ 53-57 / kg. Thinly traded market in recent weeks . Due to the slow economic recovery , there is no signs of recovery in downstream demand , consumption did not increase, North American Tungsten prices are still a downward trend .

By the end of March a U.S. High Air Pressure Drill Bits WC 99.7% to $ 53 traders / kg of contraband sent to the price Sandvik Drilling Tools of shipping two tons , down about $ 2 over the last / kg. He dth drill bits mentioned that the number of students increased by a marginal impact on the vendor market . He believes that the main reason is that prices began to decline slightly : too many producers and traders holding large stocks on the market , but demand was steady , but the fierce competition among suppliers .


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Tungsten guidance announcement, the business confidence in the setback again

Tungsten market: With the publication of guidance, powder prices fell again frustrated tungsten business confidence, enthusiasm weaker operating tungsten concentrate smelter stopped production increase, scrap tungsten steel traders wait and see, so ferrotungsten manufacturers offer a substantial reduction, profits shrink, scrap tungsten steel prices fell again, the spot market transactions better than last weekend, bar, CNC blade, milling and other markets is still some demand, it is expected to scrap tungsten steel prices sharply lower blocked, or remain relatively stable in the short term .

Molybdenum market: molybdenum concentrate dth drill bits trend does not change the downward trend always, difficult to alleviate the short-term supply and demand, the pace of Sandvik Drilling Tools domestic and foreign new mining enterprises were put into operation step by step, the industry always vigilant, to do more cautious, mainly to wait and see.


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