At the beginning of the week, China rare earth price remains stable on the whole, except a little decline of praseodymium neodymium oxide price. 

A team at the Massachusetts Institute of Technology (MIT) and the National Renewable Energy Laboratory recently developed thermal batteries that emits light like a tungsten wire, effectively storing wind and solar energy. The technology achieves a nearly 30 percent jump in the efficiency of thermophotovoltaic (TPV), a semiconductor structure that converts photons from a heat source into electricity, just as solar cells convert sunlight into electricity.

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and power prices are unchanged from last week at the beginning of the week. With supply and demand relatively balanced, the atmosphere of negotiation between buyers and sellers is a bit stalemate, resulting in few new orders and uncertain market outlook. At present, industry players are focusing on the volume and price of the new round of steel bidding.

Plans to reopen the Hemerdon tungsten mine of Tungsten West PLC near Plymouth are on hold due to rising costs and the current market price of tungsten. The Hemerdon mine was taken over by Tungsten West in 2019. In March, the company said it plans to restart operations in early 2023 and employ about 300 people.