The European Raw Materials Alliance (ERMA) has announced that it will support Greenland Resources Inc. in securing financing for the Malmbjerg molybdenum project and strengthening its relationship with downstream molybdenum users in the EU industrial ecosystem. Europe is currently the world's second-largest user of molybdenum but has no production of its own, and the development of the Malmbjerg molybdenum mine may change that.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday June 17, 2022 with the impact of continued weakness in the demand side despite of economy growth. 

Elementos Ltd has confirmed major tin (Sn) and tungsten (W) extensions at the Battery Sn-Cu zone and the deeper Foley W zone at its Cleveland tin project in Tasmania. The company has received satisfactory exploration results from a recently completed exploration diamond drill program, including 14.2 meters of tungsten trioxide intersections from 221 meters and 3.85 meters of 1.05% Sn and 0.28% copper Sn-Cu intersections from 64.25 meters.

At the beginning of the week, China’s domestic rare earth price was generally in a narrow range. Affected by the relative balance between supply and demand, traders were generally less motivated to enter the market.