Analysis of latest tungsten market from Chinatungsten Online

The China tungsten market continued to remain strong in the week ended on Friday, July 16, 2021, with offer prices increasing steadily on reduced spot availability and high cost. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum powder prices remain stable at the beginning of this week. The enthusiasm of steel companies to take goods and the bidding price were considerable, which were the main reasons for the good mentality of molybdenum enterprises. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to rise at the beginning of the week. Under the influence of many uncertain factors, traders have different views on the light and heavy rare earth market. 

Medallion Resources Ltd. is pleased to provide a summary of an independent Techno-Economic Assessment (TEA) for Medallion Monazite Process, which enables sustainable extraction rare earths from ore monazite. TEA was completed by Australian process engineering and simulation expert Simulus Engineers.