China’s domestic molybdenum price is in an upward trend on May 20, 2021 when sellers raised their offers. At present, mainstream molybdenum concentrate price is about RMB 1,880/ton, ferromolybdenum price is RMB 127,000/ton, and molybdenum oxide price is RMB 1,990/ton.

MP Materials Corp., the largest rare earth material producer in the Western Hemisphere recently announced its First Quarter (Q1) results in 2021. The Company owns and operates the Mountain Pass Mine and Processing Facility, which is the only rare-earth mining and processing site of scale in the Western Hemisphere and produced nearly 15% of the rare-earth content consumed in the global market in 2020.

The US Republican Senator Marco Rubio and Republican Congressman David McKinley along with 12 other lawmakers, are urging the Biden administration to develop domestic metallurgical capabilities for the separation and processing of rare earths to end America's reliance on China for these critical elements supply chain.

American Resources Corporation, a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, plans to build a 2-kilowatt mobile electrolytic cell rare earth processing plant. The company said that this move is part of its rare earth element technology process chain commercialization plan utilizing the acquired technology and patents from Ohio University in addition to its partnership with sponsored research programs and Dr. Gerardine Botte.