Rare earth market quotation in China: terbium oxide price continues to rise while other products such as praseodymium oxide and lanthanum oxide remain unchanged on December 24, 2020. 

China molybdenum price is in the upward trend in the second half of December under tight supply of raw materials and consumer restocking. Now most insiders have good expect for the outlook.

Russia plans to substantially increase the mining volume of rare metals and rare earths in the next few years, according to the Russian satellite news agency Moscow report cited a roadmap report formulated by the Ministry of Industry and Trade.

Particularly rare earths, the European Union (EU) has launched an initiative that seeks to secure access to a total of 30 critical raw materials by increasing domestic production and promoting recycling of vital elements, according to the website Mining.com.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable in the second half of December. Some smelting factories start to stop production to undergo repair at the end of the year and downstream buyers replenish their stocks, but high-price transactions are hardly concluded and most market participants are cautious, waiting for new guide prices. 

Rare earth market quotation in China: terbium oxide and praseodymium neodymium oxide prices are still in the upward trend while terbium oxide price remains stable on December 23, 2020 as consumers restock raw materials at the end of the year. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices are unchanged from the previous trading day under relatively active steel tenders. However, transactions are still hard to be concluded and prices are hard to rise.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain strong with the impact of increased new average tungsten forecast prices for the second half of December. 

Carbon neutral refers to the use of afforestation, energy saving and emission reduction to offset the carbon dioxide emissions generated by itself and achieve "zero emissions" of carbon dioxide. Carbon neutral is a solution proposed in response to global warming.

The goal of British Pensana Rare Earth is to develop a rare earth material processing plant to create a sustainable magnet supply chain. Pensana said the company intends to build the plant in the Saltend Chemical Park in Yorkshire to meet the soaring demand for magnets in the offshore wind and electric vehicle industries and reduce its dependence on China.