Fireweed Zinc Ltd. has entered into a $15 million deal to acquire the Mactung tungsten project adjacent to its flagship Macmillan Pass zinc-lead-silver project in Yukon Territory, northern Canada.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept weak adjustment in the week ended on Friday, June 10, 2022 mainly affected by the slow recovery in the demand side as well as the decline in new guide prices from state-owned tungsten companies. 

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price remains stable amid a quiet overseas market and the availability of cheaper domestic materials. Most participants took a watchful stance, waiting for the next move in the market. 

At the beginning of the week, China’s domestic rare earth market was still tepid. Affected by the weak supply and demand, traders entered the market in a general mood, so prices of rare earth raw materials fluctuated in a narrow range and the transaction was lower than expected.