China’s terbium oxide, neodymium oxide and dysprosium oxide prices are in the upward trend in the second half of October, 2021. In addition to being supported by the tightening of raw material supply and increasing market demand, the continuous introduction of favorable policies has also greatly enhanced suppliers' confidence in price increases. 

Canada, Germany, Japan and the US have each announced domestic and international initiatives to support the development and production of medical radioisotopes. These include a $35 million federal grant to support the commercial production of molybdenum-99 (Mo-99) in America; the production of actinium-225 (Ac-225) in Japan using a new linear accelerator-based technology; and collaboration between Canada and Germany to explore the production of Ac-225.

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices edge lower on October 21, 2021 as the market is in a stalemate. 

Greenland Resources Inc. recently announced that its company has established a European Advisory Board for the purpose of providing strategic and technical input to company decisions regarding relevant stakeholders in the European industrial ecosystem, particularly regarding the development of the Malmbjerg molybdenum deposit in eastern Greenland. To this end, Mr. Jens Moberg will join as a senior advisor.