According to an update from Bill Braden, media relations manager at Cheetah Resources, early commissioning of Vital Metals' Saskatoon rare earth extraction plant has officially begun. Rare earth ore mined at Vital's Nechalacho project in mid-2021 will now enter processing and the supply chain in line with the next step in the company's ongoing work.

Analysis of latest tungsten market from Chinatungsten Online

In the first half of 2022, China tungsten price generally showed an unstable tend featuring rising first and then falling. The industry was significantly disturbed by the epidemic, the conflict between Russia and Ukraine, as well as the global economic and financial situation.

Searchlight Resources Inc. announced the commencement of fieldwork on rare earth elements (REEs) and uranium (U) targets on Kulyk Lake Exploration Project, located approximately 165 kilometers north of La Ronge, Saskatchewan, and 65 kilometers south of the Key Lake property.

This week, the overall focus of domestic rare earth prices moved down slightly. In the state of long-term weak demand from downstream users, the seller's market is slightly less confident in price stability, mainly reflected in the price of praseodymium neodymium oxide, terbium oxide and dysprosium oxide, which dropped slightly to 935,000 yuan/ton, 14,500 yuan/kg and 2,470,000 yuan/ton, respectively.