Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained weak adjustment in the week ended on Friday, June 24, 2022 affected by the decline in long-term contract prices at the beginning of the week. 

Rare earth market quotation in China: neodymium oxide, lanthanum oxide and europium oxide prices are unchanged from last week under the both weakness in the supply and demand sides. 

At the beginning of the week, China molybdenum price was in the downward trend due to the slowdown in the speed of steel companies entering the market to tender for ferromolybdenum and the decrease in demand from end customers. 

An innovative approach for rare earth recycling from e-waste has moved into commercialization in the US. A team of researchers at the U.S. Department of Energy's Center for Innovation - Critical Materials Institute (CMI), led by Ames Laboratory, has developed a new method to extract rare earth elements (REEs) from high-powered magnets in electronic waste (e-waste).

North Dakota's lignite coal seams are rich in rare earths needed to produce touch screens for cell phones, missile guidance systems, and motors and batteries for hybrid vehicles.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium metatungstate (APT) prices continue to be stable when participants remain cautious in trading and deals are rarely concluded. 

China rare earth price was in the downward trend in the week ended on Friday, June 24, 2022. Although supported by the difficulty in increasing the supply of rare earth raw materials and production costs, there are still many suppliers willing to maintain firm quotations, but it is still difficult to offset the damage caused by the long-term weak demand of downstream users.

China molybdenum price was stable in the week ended on Friday June 24, 2022 with the gradual weakening of favorable factors and new increased orders. 

Midland Exploration Inc. announced the commencement of a significant exploration program in the James Bay area to define the source of rocks with gold-silver (Au-Ag) and gold-silver-copper-molybdenum deposit (Au-Ag-Cu-Mo deposit) discovered in the Chisaayuu Block of the Mythril Regional project during the summer of 2021.

Essex Minerals Inc. said Meryllion Resources will exercise its option on the Mt Turner copper-molybdenum-gold project in Australia, which entitles Meryllion to a 70 percent interest in the project through a further $3.8 million in exploration funding in three phases. interest in the project.