Tungsten prices are at highs not seen for some time. This short update will help you to understand the fundamental reasons behind these high prices and give you an insight into the near to medium term outlook for the tungsten market.
The insights provided in this 10 minute video are taken from the new edition of Argus Tungsten Analytics service, presented by Mark Seddon, Principal Consultant.
The video update explores:
• Tungsten prices are at 6-year highs, principally affected by near-term supply issues in China
• Demand for tungsten is generally muted, especially in Europe, but the defence sector is driving demand given the current geo-political issues in eastern Europe and the Middle East
• The medium-term supply picture is likely to be boosted by new projects coming on-stream in 2H 2024 and 2025
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Lynas produces separated heavy rare earths in Malaysia
Lynas produces separated heavy rare earths in Malaysia
Sydney, 16 May (Argus) — Australian mineral firm Lynas Rare Earths has produced separated dysprosium at its Malaysian rare earths plant, becoming the first producer of separated heavy rare earths outside China. But Lynas today declined to comment on the volume of dysprosium produced at the plant. The company built dysprosium and terbium processing circuits , capable of separating up to 1,500 t/yr of heavy rare earths, at its Malaysian plant in January-March. It will start producing separated terbium at the site next month. The circuits will allow Lynas to eventually expand its heavy rare earth production line to include separated dysprosium, terbium, and holmium concentrate, as well as unseparated samarium/europium/gadolinium and unseparated mixed heavy rare earths. The company's first production of dysprosium comes less than a month after some Chinese rare earth suppliers limited offers for rare earth minerals , including dysprosium and terbium, in response to the Chinese government tightening export controls. The company produced 1,911t of rare earth oxides in January-March, including 1,509t of NdPr oxide, down by 46pc on the year because of improvement and maintenance works in Malaysia and WA. The company is also developing another rare earth plant in Texas with US government support . The plant will produce separated heavy and light rare earths. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Sherritt 1Q nickel, cobalt production dips
Sherritt 1Q nickel, cobalt production dips
Houston, 15 May (Argus) — Canadian miner Sherritt International said it produced less nickel and cobalt in the first quarter from a year earlier but expects to boost production in the second half of 2025. Sherritt's nickel production dropped by 18pc to 2,947 tonnes (t) and cobalt production decreased by 6pc to 323t from the same quarter last year. In February, the company raised its nickel and cobalt guidance for 2025, which remains unchanged despite lower first quarter production. Operations at the company's Moa nickel and cobalt project in Cuba has faced increased pressure from US sanctions, according to Sherritt chief executive Leon Binedell. Sherritt started the second phase of an expansion project at Moa, which the company expects to ramp-up in the second half of the year to full capacity. The company expects higher average realized cobalt price in the second quarter. In the first quarter, the company's average realized price for nickel rose by 1pc to C$9.98/lb while cobalt fell by 8pc to C$13.29/lb compared to the first quarter of 2024. Sherritt sold 3,439t of nickel in the quarter, down 15pc from a year earlier, while cobalt sales were up 26pc to 456t. Demand drove sales above production volumes, according to the company. Sherritt reported a C$40.6mn loss in the first quarter, slightly down from the C$40.5mn loss in the first quarter of 2024. Revenue rose 33pc to C$38.4mn. By Reagan Patrowicz Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Ferbasa ferro-alloys exports down, domestic sales up
Ferbasa ferro-alloys exports down, domestic sales up
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