Molybdenum market quotation in China: ferro molybdenum and molybdenum concentrate prices increase slightly while molybdenum powder, bar and oxide prices edge lower at the beginning of the week. 

Chris Gibbs, CEO and Managing Director of American Rare Earths, said, "As we continue to work with leading scientific institutions engaged in U.S. government-supported domestic rare earth recovery research and development programs, we applaud the latest initiative announced by the Biden Administration to enhance the security of the domestic rare earth supply chain."

A collaborative research group at the Institute of Solid State Physics, Hefei Institutes of Physical Science (HFIPS), Chinese Academy of Sciences (CAS), and Xi’an Jiaotong University has recently developed bulk pure tungsten with high strength and ductility at low temperatures.

Greenland Resources Inc has taken a different approach to mine transportation at its Malmbjerg moly project in Greenland, proposing in a feasibility study the use of a Doppelmayr RopeCon ® aerial conveyor to transport the ore to the processing plant.