Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices edge higher in the middle of May 2022. With the gradual increase of favorable factors, many suppliers tend to uphold prices, so the transaction prices of mainstream products have risen and the industry has greater expectations for a better market outlook.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning the of week, China’s domestic tungsten price continues to remain stable because market demand and supply are in a stalemate, environmental protection and logistic constrained limit the supply of spot resources, and COVID19 and Russia-Ukraine conflict affect the upstream supply chain. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices are in the downward trend in the middle of May 2022. 

According to the Guardian, trillions of potato-sized nodules of rare ears have been discovered on the Pacific seabed, and mining companies are planning a deep-sea gold rush for rare metals, including rare earths and Mg. Mining companies hope to set global rules to open up industrial-scale deep-sea mining as early as July 2023.