China’s domestic molybdenum market as a whole maintains a stable operation on August 11, 2021 supported by the tight spot supply of some molybdenum chemical products. Traders are reluctant to sell their stocks and have a strong bullish sentiment. However, due to the high cautiousness of downstream users in purchasing, the actual transactions are limited.

A recent report by Roskill praised the efforts of some countries in establishing a diversified rare earth supply chain in Africa, but pointed out that developing rare earth projects that satisfy all stakeholders comes from some challenges.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to keep firm at the beginning of the week when the whole tungsten market is in a stalemate and participants take a watchful stance. 

American nanotechnology company Dammorphe has developed a hydrogen production technology that uses rare earth alloy dissolved in water. This technology has the potential to provide clean hydrogen at $1/kg.