USA Rare Earth to Invest $100+ Million in Rare Earths and Magnets Facility

USA Rare Earth to invest in rare earths and magnets manufacturing facility image

USA Rare Earth to invest in rare earths and magnets manufacturing facility image

Earlier this month, USA Rare Earth LLC (USARE) announced that it will develop a U.S. rare earths and magnets production facility in Stillwater, Oklahoma. McAfee & Taft was pleased to serve as legal counsel to USARE in its acquisition and development of the nation's first rare earth metals and sintered magnet production facility in Stillwater, Oklahoma.

Read more: USA Rare Earth to Invest $100+ Million in Rare Earths and Magnets Facility

DoD Funds for Lynas’ US Heavy Rare Earth Plant

Lynas has secured a $120 million contract from the U.S. Department of Defense (DoD) to build a heavy rare earth separation plant in the United States. Lynas wants to build the plant on the same site in Texas as the proposed light rare earth separation plant. Construction costs for the heavy rare earth plant are being covered entirely by a $120 million contract funded by the US DoD Industrial Base Analysis and Sustainment program.

Read more: DoD Funds for Lynas’ US Heavy Rare Earth Plant

Ecuador Copper Ridge Porphyry Shows excellent Copper and Molybdenum Results

Project of Titan Minerals image

Project of Titan Minerals image

Titan Minerals continues to show excellent copper (Cu) and coincident molybdenum (Mo) results from access sampling at its Linderos project in southern Ecuador. This work highlights a typical zonation anomaly, about 750 m in diameter, with a central core of Cu, Mo, and tungsten and a peripheral halo of selenium, tellurium, and bismuth.

Read more: Ecuador Copper Ridge Porphyry Shows excellent Copper and Molybdenum Results

Luminex Resources Expedites Drilling at El Hito Copper-Molybdenum Porphyry Target

Luminex Resources expands Cascas Porphyry Copper-Molybdenum anomaly image

Luminex Resources expands Cascas Porphyry Copper-Molybdenum anomaly image

Luminex Resources announced the discovery of a porphyry copper-molybdenum porphyry target located 500 meters north of its El Hito property at its Condor project in southeast Ecuador. The target area is characterized by overlapping anomalies of >250 ppm copper and >10 ppm molybdenum as delineated by a recently completed soil survey.

Read more: Luminex Resources Expedites Drilling at El Hito Copper-Molybdenum Porphyry Target

China’s Tungsten Powder Price Continues to Decline in the Middle of June, 2022

tungsten ore photo

tungsten ore photo

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to decline in the middle of June, 2022. Recently, consumer coupons have been issued in many places, including 3C products and auto subsidies, which have boosted the vitality of the consumer market. It also coincides with the 618 online shopping festival and the overall consumption activity in the domestic market has increased. 

Read more: China’s Tungsten Powder Price Continues to Decline in the Middle of June, 2022

 

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