Both the Kipawa Project and the Zeus Project are heavy rare earth projects, and Vital Metals Limited ("VML"), a rare earth producer, will acquire the Kipawa Exploration Project and the Zeus Exploration Project in North America.

US House bill introduced legislation last Tuesday to extend tax credits to domestic companies that produce rare earth magnets, an industry sector currently dominated by China.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continue to remain stable at the beginning of the week as the market is in a stalemate. Raw material suppliers have strong rised mentality while buyers take a watchful stance, waiting for further guidance from the market.

Google and other companies in the computer field have been secretly trying to recover hard drives with the help of two rare earth magnets. As Grist reported, the shortage of rare earth metals in the future and the environmental damage caused by rare earth mining have prompted technology companies to test whether they can be replaced by hard disk drives.