China Molybdenum Price - April 9, 2021

molybdenum powder image

China molybdenum price mainly remained stable in the week ended on Friday April 9, 2021 supported by active steel tenders and international moly price shifting from decline to stabilize. 

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Greenland's Left-Wing Party Wins Election, Opposes China's Rare Earth Project

Voters waiting to cast their ballot image

Greenland's left-wing Inuit Ataqatigiit party won the election, and China company's rare earth mining plan could be blocked. The elections in Greenland, the Danish autonomous region, were over, and the Inuit Ataqatigiit won the election. The left-wing party promised to oppose the mining plan invested by Chinese companies, or to put this rare-earth mining plan into a deadlock.

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Greenland's Election Vital for Rare Earth

Greenland gears up for election sparked by debate over Chinese-backed rare earths image

Greenland's election is vital for the rare earth raw materials of the world. According to a report by the Danish Politics newspaper on April 5, due to global climate change, the melting of icebergs in the Arctic and the opening of new transportation routes, as well as the island’s raw materials, such as rare earth. The election not only concerns Denmark but also the world.

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Greenland Votes Say No to China-backed Rare Earth Mining

Arctic mining takes centre stage in Greenland election image

Greenland votes reiterate its opposition to the Australian rare earth mining company endorsed by the ruling party and controlled by the Chinese company. The early parliamentary election on April 6. The opposition People’s Community (Inuit Ataqatigiit) secured 37% of the vote. On April 7, the Kvanefjeld in the southern part of the island, which caused heated debates during the election campaign, was on a large scale. The rare earth mining plan reiterated its opposition to the Australian mining company.

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Australia Think Tank: Quad Should Build Rare Earth Supply Chain

The industrial innovators in the REE supply chain image

China's share of global rare earth production has dropped from 90% to 58%. The Quadrilateral Security Dialogue (QSD, also known as the Quad), an informal strategic dialogue between the United States, Japan, Australia and India that is maintained by talks between member countries is set to increase its supply of the vital elements.

Read more: Australia Think Tank: Quad Should Build Rare Earth Supply Chain

 

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