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China Molybdenum Powder Price - November 4, 2020

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and molybdenum powder prices are unchanged from the previous trading day under the chaotic global market. Traders have different views on the market outlook. Therefore, trading activity is low. 

From the perspective of favorable factors, firstly, steel mills entered the site one after another for bidding at the beginning of the month, which brought strong momentum to the increase in market activity. In the short term, the price of molybdenum chemical products is unlikely to fall; secondly, downstream users basically maintain just-need purchases under relative tight tungsten carbide bars supply, which plays a role in stabilizing traders' mentality to a certain extent.

From the perspective of negative factors, firstly, the second wave of epidemic in Europe continued to ferment, causing many countries to lock down cities again, which slowed down the international logistics and transportation, and the export market performed poorly; secondly, steel companies were active in tenders in October. As a result, some traders believe that the number of steel bids may decrease in the future, which is not conducive to the upward adjustment of the quotations of holders.

From January to September 2020, the output of blast furnace pig iron in 38 countries was 967 million tons, down 2.1% from the same period last year. Among them, the output in September was 109 million tons, an increase of 1.6% from the same period last year. During the same period, the direct reduced iron production in 12 countries was 61.985 million tons, a decrease of 10.1% from the same period last year. Among them, the output in September was 6.84 million tons, a decrease of 10.4% from the same period last year.

Prices of molybdenum tungsten carbide burrs blank products on November 4, 2020

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Australia Committed to Development of Critical Minerals Such as Rare Earths

Australia is committed to the development of critical minerals (CMs) such as rare earths. Australian Federal Resources Minister Keith Pitt reiterated that Australian aspirations to become a world leader in the exploration, extraction, production and processing of CMs.

Critical minerals are metals and non-metals that have important economic functions, can't be easily substituted and face some degree of supply risk. Supply Tungsten Carbide Rods Single Hole risks can stem from geological scarcity, geopolitical issues, trade policy or other factors. What constitutes ‘critical’ differs between countries, depending on essential demand applications, productive capacity and import dependence.

CMs are important for industrial progress and emerging technologies. They are used for renewable energy systems, electric vehicles, rechargeable batteries, consumer electronics, telecommunications, specialty alloys, and defense technologies. Growth in these markets is expected to boost world demand for CMs. Australian resource endowment, mining capability and existing processing infrastructure mean it is well placed to support this demand.

Pitt pointed out in a speech at the International Mining and Resources Conference that the Critical Tungsten Cemented Carbide Minerals Facilitation Office was established to coordinate and deliver on this goal. "Covid-19 has highlighted the importance of CMs and improving the security of global supply chains. Whether it is mobile phones and laptops, medical equipment or electric cars, rare earths are the essential component of so much manufacturing today and into the future," the Minister said.

“We will be working with the sector to develop roadmaps identifying roadblocks and growth opportunities, for both mining and processing, and I know this work will benefit immensely from the progress already made by Mining Equipment, Technology and Services (METS) Ignited."

Earlier this year, the Australian government released the second edition of the "Australian Critical Minerals Prospectus", tungsten carbide burrs blank demonstrating Australia's tremendous capabilities in key minerals in order to attract investment.

The prospectus identified hundreds of key minerals and rare earth element projects in Australia's major new business opportunities, and detailed more than 200 potential investment projects, including in lithium where it is already the world's largest producer and other minerals including cobalt, manganese, antimony, zirconium, titanium, tantalum, zirconium, tungsten, vanadium and niobium.

At the same time, Pitt told delegates that the government was also working towards lightening "onerous regulations" that would impede investment and job creation in the resources sector.

"That's why the government has asked the Productivity Commission to review how we can reduce the regulatory burden on the resources sector. Its final report is due later this year, and in the meantime, we are pushing on with the reforms to the Environmental Protection and Biodiversity Conservation Act. Certainty, transparency and enhanced efficiency are the hallmarks of good regulation, and this will guide any further reforms we make," the Minister said. The measures Australia takes would make it to become a world leader in the exploration, extraction, production and processing of critical minerals such as rare earths and tungsten.

Molybdenum Cofactors Toward Treating Neurological Diseases

Molybdenum cofactor (Moco) is a compound that is little known but is essential for life. Children born without the ability to synthesize Moco die young of neurological diseases. It has not been possible to create Moco supplements because the compound is so unstable. Studies in the nematode Caenorhabditis elegans suggest that by combining, Moco with certain proteins, it becomes stable and can repair deficiency of human neurological diseases.

Studies with a popular laboratory model, the nematode Caenorhabditis elegans, have revealed a possible therapeutic avenue for a rare but deadly condition in which children are born without the ability to make molybdenum cofactor (Moco) on their own. Though little known, Moco is essential for life and so far it has proven extremely difficult to stably isolate this compound in the laboratory, preventing its use as a therapeutic supplement.

This new work, which appears in Genes & Development, reveals that nematodes genetically engineered to be Moco-deficient can take up Moco that is attached to several types of proteins. This suggests that such protein-Moco complexes could be used as a treatment for Moco deficiency.

Children born with mutations that make them unable to synthesize Moco suffer lethal neurological diseases. Providing them supplemental Moco might reverse these devastating symptoms. Moco is vital to life. So far, it has proved extremely difficult to isolate this customized tungsten carbide compound stably in the laboratory, which makes it difficult to use it as a therapeutic supplement as a treatment option.

Researchers conducted studies in Caenorhabditis elegans, which are designed to lack the ability to make Moco. Like humans, Caenorhabditis elegans deficient in Moco die very early in development. Nematodes, however, can also ingest Moco from their diet, a process that is similar to supplementation, as with vitamins. The researchers found that the worms could take in Moco as a range of purified Moco-protein complexes. These included complexes with proteins from bacteria, bread mold, green algae and cow's milk. Ingesting these complexes saved the Moco-deficient worms.

Further, they demonstrated that the Moco-protein complexes were very Tungsten Carbide Rods Double Holes stable, suggesting it is possible to produce them as a supplement for children born with Moco deficiency.

One of the paper's author stated that they tested four proteins and all four were restorative in the nematode model. The results relate to patients, the researchers are extremely excited about the therapeutic and fundamental implications of the molybdenum cofactors for treating neurological diseases.

Bajiaotan Kengkou Tungsten Mine's Mining Right Assessed at 7,078,800 Yuan

According to the announcement of the Department of Natural Resources of Jiangxi Province, the Bajiaotan Kengkou Tungsten Mine in Dayu County, the estimated value of the profit from the transfer of the mining right of the Bajiaotan Tungsten Mine in Dayu County is 7,078,800 yuan (higher than the calculation result of the market benchmark price of the mining right transfer of 6,89,1500 yuan).

The Bajiaotan Kengkou tungsten carbide plates Tungsten Mine is located in Xinzhu Village, Nan'an Town, Dayu County. It was originally part of the eastern edge of the southern group of the Xihuashan Tungsten Mine. It was placed under the jurisdiction of Dayu County tungsten mine in 1988 and was under the jurisdiction of Huaxin Tungsten Industry in 2003. It was obtained through the public auction of 2.82 million yuan. The sub-mining right transfer income assessment is based on September 30, 2006 as the base date for the estimation of remaining resource reserves, and the mining right evaluation area is 0.4499 square kilometers.

As of December 31, 2019, there are 128.73 kilotons of tungsten (122b+333) ore and 2016.51 tons of WO3 metal within the mining right. 27.68 kilotons of associated molybdenum (333) ore and 8.08 tons of Mo metal tungsten carbide burrs blank (average) Grade 0.03%). The amount of associated bismuth (333) ore is 42.66 kilotons, and the amount of Bi metal is 15.68 tons (average grade 0.04%).

From September 30, 2006 to December 31, 2019, the resource reserves used were 41.26 kilotons of ore and 750.53 tons of WO3 metal. The estimated recoverable reserves are 116.09 kilotons of tungsten ore, 1919.00 tons of WO3 metal, with an average grade of 1.65%. The amount of associated Mo metal is 3.28 tons and associated Bi metal is 9.88 tons.

The mining recovery rate is 90%, and the ore dilution rate is 75%. The beneficiation recovery rate is 82% for tungsten, 40% for molybdenum, and 45% for bismuth. The production scale is 30,000 tons/year. The estimated calculation period is 16.48 years (including the infrastructure period of 1 Year).

Tungsten Carbide Round Rod

The product plan in Bajiaotan Kengkou Tungsten Mine, Jiangxi Province is tungsten concentrate (WO 365%), molybdenum concentrate (Mo 45%), and bismuth concentrate (Bi 20%). The sales price excluding tax is tungsten concentrate (WO 365%) 81,400 yuan/ton, molybdenum concentrate (Mo 45%) 64,800 yuan/ton, bismuth concentrate (Bi 20%) 5,600 yuan/ton. The fixed asset investment 20,156,700 yuan (excluding tax).

Lanthanum Oxide Price

Rare earth market quotation in China: terbium oxide price rises slightly while lanthanum oxide and dysprosium Tungsten Carbide Round Rod oxide prices remain stable on December 28, 2020 under limited consumption of downstream buyers. 

The prices of light rare earth prices tend to be stable. However, the prices of heavy rare earth products rose slightly due to the tight spot resources and the upward trend may continue in the short term. In general, driven by the current sound development of emerging markets, the demand for magnetic materials companies is still large, and holders are generally more reluctant to sell at low prices, so the order volume is not high.

In November, Shanghai exported 25.77 tons of rare earths and their products, an increase of 41.65% compared to November last year, with a value of 78,861,900 yuan, an increase of 21.27% from November last year, according to Shanghai Customs. The export of rare earths was 6.01 tons, an increase customized tungsten carbide of 64.97% from November last year. The amount was 1,758,600 yuan, a decrease of 75.39% from November last year.

Prices of rare earth products on December 28, 2020

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