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Lithium Australia Refocuses on Battery Recycling

Lithium Australia NL ('LIT') said it will refocus operations on battery recycling and sales, cutting costs and jobs as it seeks to weather a slump in raw materials prices exacerbated by the coronavirus pandemic. The company is further reducing expenditures and providing the greatest support to the business units closest to positive cash flow to benefit shareholders. It said it would reduce the number of workers, but did not specify the number of layoffs.

The Perth-based Lithium Australia NL aims to supply customized tungsten carbide ethically and sustainably sourced materials to the battery industry worldwide. To that end, LIT has developed disruptive extraction technologies - including its proprietary SiLeach® process - and secured positions in lithium provinces around the globe, including Western Australia and Europe.

LIT takes the view that sustainability equates to viability concerning both the manufacture and disposal of lithium-ion batteries (LIBs), as well as battery recycling. Indeed, LIT believes discarded electronic/battery waste may ultimately prove the most cost-effective and environmentally friendly source of the so-called 'energy metals', among them lithium and cobalt.

The company is currently struggling to withstand the sharp drop in raw material prices aggravated by the new unground solid tungsten carbide rods crown epidemic.

In a stock exchange filing, the Perth-based firm forecast "significant revenue" from its battery businesses in fiscal 2021, without disclosing exact numbers. With a market value of about $20 million, the firm reported an operating loss after income tax for the half December 2019 of just over A$3 million ($2.10 million).

Lithium Australia NL to refocus operations on battery recycling would help the company to weather a slump in raw materials prices. Despite a return of appetite for many commodities in the battery-minerals sector, the company said it expected lithium prices, which have been in a downward spiral for about two years on weak demand, to take much longer to recover.

China’s GTA Raised Average Tungsten Forecast Prices for September

Analysis of latest tungsten market from Chinatungsten tungsten carbide burrs Online

China tungsten market is supported by the rise in new average tungsten forecast prices from listed tungsten companies and tungsten associations. Tungsten Weights Sellers have strong rised mentalty and the demand side signs sign of recovery.

China’s Ganzhou Tungsten Associatio (GTA) expects the price for black tungsten concentrate, basis 55% WO3, in China’s domestic market to average $12,720.6 per tonne in September, an increase of $808.8 per tonne compared with August; ammonium paratungstate (APT) was quoted at $217.7 per mtu, up $9.2 per mtu; medium particle tungsten powder price was $30.2 per kilogram, up $1.0 per kilogram.

Zhangyuan Tungsten’s offers for September: black tungsten concentrate (WO3≥55%) was quoted at $12,720.6 per tonne; up $661.8 per tone from the second half of August; scheelite tungsten carbide bars concentrate (WO3≥55%) was quoted at $12,500.0 per tone, up $661.8 per tone; APT was quoted at $217.7 per mtu, up $8.3 per mtu from last time.

Xiamen Tungsten’s offer for the first half of September was $214.1 per mtu, up $4.7 per mtu from the second half of August. 

Jiangxi Tungsten quoted high-grade black tungsten concentrate at $12,941.2 per tonne, up $588.3 per tonne from August.

Prices of tungsten products on September 9, 2020

Picture of tungsten powder 

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Masan High

Masan High-Tech Materials (MHT), a subsidiary of Vietnam-based conglomerate Masan Group, has signed definitive agreements to establish a strategic alliance with Japan’s Mitsubishi Materials Corporation (MMC). to develop a high-tech tungsten materials platform.

The amount of strategic investment is US$ 90 million (approx. 9.5 billion yen). At the moment, the strategic investment is scheduled to be completed by November 2020, and the Company's stock ownership ratio is expected to be 10% after the strategic investment. After the strategic investment is completed, the two parties will negotiate to develop an independent business unit to strengthen and unlock synergies for their respective midstream platforms.

After acquiring the world's leading tungsten midstream platform-Germany's Strarck Group in June this year, MMC as a strategic partner established transformation into a vertically integrated high-tech platform. Strategic partner MMC will provide significant value-added and is positioned to provide customers with better advanced solutions to boost growth.

Masan High-Tech Materials is a subsidiary of Masan Group. The company, a leading supplier of critical minerals including tungsten, fluorspar and bismuth, is currently operating a world-class polymetallic mineral resource and chemical processing plant in northern Vietnam.

Masan High-Tech Materials is also a leading international supplier of refractory technology metals to growth industrial sectors such as electronics, chemicals, automotive, medical technology, aviation and aerospace, energy and environmental technology from its production locations in Europe, America and Asia. Masan High-Tech Materials' vision is to show the world that a Vietnamese company can lead the transformation of the global tungsten market.

Mitsubishi Materials Group is an "integrated Tungsten Carbide Rods Double Holes materials manufacturer." Mitsubishi Materials Group meets customers' needs by providing such basic materials as copper and cement. Mitsubishi Materials Group also manufactures and sells mechanical parts, electronic materials and components used in automobiles, home appliances, etc., as well as the tools used to make them. MMC is also involved in recycling and the energy business.

Mitsubishi Materials Group, under the corporate philosophy of "For People, Society and the Earth," pursues the vision of "We will become the leading business group committed to creating a sustainable world through materials innovation, with the use of our unique and distinctive technologies, for People, Society and the Earth.” Going forward, MMC will continue to build a richer society Tungsten Carbide Round Rod by making unique materials that meet customers’ needs and providing processing solutions best suited to each customer.

Forging a strategic alliance with Mitsubishi Materials Group will certainly accelerate Masan High-Tech's vision to become an end-to-end global high-tech industrial materials platform. The alliance also positions MHT and HCS to build a mid-stream tungsten Asian franchise, which is the missing piece in the strategic puzzle.

China Tungsten Price Was Weak As Zhangyuan Tungsten Declined Offers

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week began on Monday November 09, 2020 with the influence of lowered new average Tungsten Weights tungsten forecast prices from listed companies and associations, a persistently weak overseas market and few deals concluded within the assessed range.

China’s Ganzhou tungsten carbide rods Tungsten’s average tungsten forecast prices for November: 55% black tungsten concentrate price was $12,430.8 per tone, down $338.5 per tone from October; APT price was $215.6 per mtu, down $6.1 per mtu; medium particle tungsten powder price was $30.2 per kilogram, down $0.9 per kilogram. 

Zhangyuan Tungsten’s offers for the first half of November: black tungsten concentrate (WO3≥55%) was quoted at $184.6 per tone, down $184.6 per tone compared with the second half of October; scheelite concentrate (WO3≥55%) was quoted at $12,200.0 per tone, down $184.6 per tone; APT was quoted at $215.6 per mtu, down $3.5 per mtu. 

Xiamen Tungsten Cemented Carbide Tungsten quoted APT at $216.4 per mtu for the first half of this month, down $4.3 per mtu from late October. 

Jiangxi Tungsten’s offer for black tungsten concentrate was $12,769.2 per tone, a decrease of $461.5 per tone from last month.

Prices of tungsten products on November 10, 2020

Picture of tungsten powder 

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China APT Market Stabilizes with the Approaching of Spring Festival

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate tungsten carbide bars (APT) and tungsten carbide powder prices in the Chinese market continue to maintain stability in early February with the support from good confidence of upstream sellers. Meanwhile, downstream still is worried about the weakness in the demand side. 

In the tungsten concentrate market, sellers’ psychological prices stand above $14,285.7 per ton despite of poor liquidity. Most factories start to stop production for the holiday of Spring Festival and market trading declines. 

In the APT market, the psychological prices of smelting factories are about $247.5 per mtu, no deals were reported. Now spot resources in the market are tight when factories gradually stop production to undergo repair or for the holiday.  

China’s Xiamen Tungsten’s offer for APT for the first half of February, 2021 was $241.2 per mtu, up $3.6 per mtu from the second half of December, 2020. 

Prices of tungsten products on February 3, 2021

Picture of tungsten needle 

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