Rare earth market quotation in China: domestic rare earth market continues to operate stably as the difference in price between buyers and sellers makes traders maintain wait-and-see mentality. Considering the good expectation for purchasing and storage, cracking down on illegal enterprises and demand of new energy automobile from market traders, rare earth price is likely to rise in the next week.

The US House of Representatives' Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act, which Aim- and ASX-listed Thor Mining said would benefit its Pilot Mountain tungsten project in Nevada.

Market price is eventually determined by the relationship between supply and demand. At present, the supply of molybdenum concentrate is relatively tight, supporting the high raw material prices. Due to the weak demand of steel mills, ferro molybdenum manufacturers are hard to reduce their stocks and thus press the price.

Tungsten-focused Happy Creek Minerals (TSXV:HPY) published an updated resource estimate for its Fox property in BC on Tuesday (February 27).