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Ganzhou Tungsten Association Raised Average Tungsten Forecast Prices for June

Analysis of latest tungsten Cemented Carbide Tool market from Chinatungsten Online

The tungsten price in China continues to maintain stability in the week began on Monday June 8. Although tungsten associations and listed tungsten companies raised slightly the new guide prices for this month, the whole market keeps cautious sentiment. 

China's Ganzhou Tungsten Association release its average tungsten forecast prices for June: 55% wolframite concentrate price was $11,617.6/t, up $441.2/t from last month; ammonium paratungstate (APT) price was $202.7/mtu, up $ tungsten carbide bar 6.6/mtu; medium particle tungsten powder price was $28.5/kg, up $0.6/kg from May. 

Zhangyuan Tungsten's released its offers for June: 55% wolframite concentrate was quoted at $11,617.6/t; 55% scheelite concentrate was quoted at $11,397.1/t; APT was quoted at $202.7/mtu. 

Jiangxi Tungsten's offer tungsten carbide weight for high grade wolframite concentrate was $12,058.8/t, up $588.2/t compared with May.

Prices of tungsten products on June 8, 2020

Picture of violet tungsten oxide

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Tungsten weak market demand, turnover continued to light

Tungsten market : Due to inventory and weak demand, tungsten concentrate prices continued to slump , prices are close to cost line . Cargo operators and manufacturers dth hammer of very price conscious , low reject out , resulting in the recent offer relatively strong . Paratungstate lack of actual demand for support , the market continued volume was light, tungsten scrap market will continue to maintain a steady trend, due to the transaction performance is acceptable , coupled with the small amount of overall resources , the business mentality is relatively strong, the price is not strong , the blade of which demand is relatively good Thread drill bits , therefore, the market is relatively strong. Short-term continuation of the tungsten market is expected to steady trend.

Molybdenum market : recent strong rise in domestic quotations of molybdenum products , manufacturers of goods to be holding up strong mentality , foreign reluctant to sell darker mood , and even suspend shipments. Molybdenum concentrate , molybdenum oxide , molybdenum iron Manufacturers low stock, bullish attitude positive outlook is expected prices of some products is expected to achieve a high level of short-term .


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Tungsten demand weakened, prices fell slightly

Sodium tungstate factory operating rate is low overall, after entering in July, a further decline in operating rates, mainstream manufacturers outside offer stabilize, but dragged down by weak demand, offer mainstream has slowly dropped to 130,000 yuan / ton, the mainstream transaction price 125,000 / ton, due to market funding constraints, few businesses Paohuo cash even approaching 120,000 yuan / ton, and the market volume was light.

APT mainstream market stability maintenance, in order to maintain the old High Air Pressure Drill Bits smelter home customer oriented, with the advent of the off-season, further dth drill bits weakening demand, some manufacturers due to lack of motivation and offer Water Well Drilling flat price adjustment, some manufacturers slightly lower prices, a drop of about 1,000 yuan / ton, the mainstream 16.4-16.6 million / ton in the vicinity, even as low as 163,000 cash deal, expected short-term stabilization of APT prices or mainstream.


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Qinghai Lithium Exported Abroad for The First Time

A batch of lithium metal produced by Qinghai Province Jinkunlun Lithium Industry Co., Ltd. was successfully exported to Japan after passing the inspection by the Xining Customs Golmud Customs inspection. This is the first export of metallic Li in Qinghai Province and the resources in the province account for more than 60% of the global reserves.

Qinghai is a crucial continuation place for the development of new energy in the world. The province holds the most abundant lithium resources in China. The metal is a deep-processed tungsten carbide bars product in the industry and is called "energy metal". It is an ideal anode material for Li-ion batteries and has a promising market prospect.

"Our company has a long-term intention to export, but the activity of metal is very strong, there is a great danger in the production and transportation process, let alone cross the ocean." Quanshi Pang, general manager of Jin Kunlun company said that Golmud Customs helped them establish a systematic and complete safety management system to eliminate the impact of the epidemic and resume work in time.

Qifeng Zhao, deputy director of Golmud Customs, introduced that to help Qinghai Jinkunlun company export metal lithium products smoothly, Golmud Customs created tailor-made "one enterprise, one policy" support measures Tungsten Carbide Rods Double Holes for enterprises, and guided enterprises to handle import, export, receipt, delivery filing, export inspection, quarantine, declaration, and other procedures. Organize customs commodity inspection experts to provide detailed video explanations of hazardous chemicals and their packaging, filling out customs declaration forms, export declarations, and papers of origin.

At the same time, for the identification of product hazard characteristics, label information and other links, strengthen technical guidance to enterprises to ensure that export products meet international standards and importing country requirements.

"To solve the problem of difficult product testing during the COVID-19 epidemic, we sent an expert team to conduct an on-site assessment of the company's ground tungsten carbide rods quality management system and laboratory testing capabilities, and guide the company to manage per the international quality management system and lab management system standards. The test report of the adoption company’s laboratory serves as a reference for the customs clearance of goods, which facilitates the export of enterprises." Qifeng Zhao said.

Zhao Qifeng said that in the next step, Golmud Customs will continue to take advantage of its technical functions, listen to corporate demands, optimize the regulatory process, solve corporate difficulties, and continue to help companies stabilize foreign trade and expand imports and exports. Quanshi Pang said that the company in Qinghai strives to achieve its goal of exporting 100 tons of lithium metal this year as soon as possible.

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Tesla Is Set to Build Its Battery Cells

For months, Tesla has been rumored to be working on making its battery cells for its electric vehicles. A recent report from the electrek seems to confirm the news. The electric car maker is building a pilot battery cell manufacturing line in Fremont and designing its equipment to produce the cells.

As we all know, Tesla's acquisition of Maxwell, a supercapacitor manufacturer with battery cell technology, and later at its annual shareholder's meeting, the company hinted it might start producing its batteries.

Not long ago, the company acquired Hibar Systems, a Canadian company specializing in the production of battery cell manufacturing equipment. It is an important supplier of primary and secondary production lines for battery cells, providing professional equipment for all aspects of battery manufacturing.

Currently, Tesla buy cells from Panasonic made in Japan for Model S and Model X, as well as cells made by Panasonic at Tesla's Gigafactory 1 in Nevada for Model 3. The automaker used those cells, which they help design, to make their modules and battery packs, but they have never produced their cells.

The company has previously confirmed that the planned German super factory in Berlin will also produce cells in the future, but it is unclear whether it will cooperate with other battery manufacturers or produce it independently.

When the battery couldn’t meet the needs of long-distance and continuous driving, the development of "super batteries" becomes a top priority. The company cooperated with Dalhousie University in Canada and applied for a new lithium-ion battery technology patent on December 26 last year.

Dalhousie University reached a five-year research partnership agreement with the company in 2015 to develop advanced lithium-ion battery technology. The university is an international leader in research on advanced materials and clean technologies. They aim at increasing battery life and energy density and reducing costs.

Led by physicist Jeff Dahn, one of the world's most prominent lithium ion researchers, the Dalhousie research team described in a paper published in Electrochemical Society that a lithium-ion battery that solid tungsten carbide rods “should be able to power an electric vehicle for over 1 million miles" while losing less than 10 percent of its energy capacity during its lifetime. They noted their battery could be especially useful for self-driving robotaxis and long-haul electric trucks, two products the company is developing.

The new lithium-ion battery technology patent applied by Tesla Motors Canada Branch last year is called "Dioxazolones and nitrile sulfites as electrolyte additives for lithium-ion batteries”, which is also the use of Dioxazolones and Nitrile Sulfites as electrolytes for lithium-ion batteries additive. New patents can be used to improve efficiency, energy density, and lifetime, and they are less expensive than current lithium-ion batteries.

In April 2019, Musk claimed that Tesla's electric cars could guarantee a million-mile life in the future, more than double the life of existing batteries. If this patent is indeed to fulfill the promise of a million-mile battery, we can expect it to retain 95% of its life after 1000 discharge cycles. Although we are not sure whether this patented technology can fulfill Musk's promise, it is clear that if the battery cells of the "super battery" are released, it will have a significant impact on the electric vehicle industry.