A joint South Korean-Australian mineral processing research project is showing potential to eat into China’s dominance in the high-value, strategically important rare earth industry. At present, the Ziron Tech project has successfully produced the two most important metals in the rare earth family-praseodymium and neodymium, which are used to make the permanent magnets used in electric cars and renewable energy systems.

In recent years, China has been continuously developing the rare earth industry rely on tech and innovation, as well as expanding the scale of application industries. The significant role of rare earth elements in various industries is self-evident.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China start to show signs of rise in the week began on Monday November 23, 2020 thanks to the rise in new average tungsten forecast prices for the second half of this month. The cost side supports firm offers of smelting factories, but the demand side remains cautious. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price lost momentum in the week ended on Friday November 20, 2020 after continued gains over the past two months, as concentrate sellers cut prices to reduce inventories and lock in profits.

Rare earth market quotation in China: terbium oxide, neodymium oxide and praseodymium neodymium metal prices are in the upward trend in the week began on Monday November 23, 2020 due to increased trading activity. 

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum powder prices continue to remain stable early in this week under many uncertain factors at home and abroad. 

Tanzania is in the final stages of approving a right for the country’s first rare earths mine to Australian company Peak Resources Ltd - a mineral exploration company, which is focused on gold, base metal, and uranium prospects within Western Australia, as the government seeks a bigger share of the revenue from natural resources.

Luoyang’s unmanned molybdenum mine project was awarded second prize lately. The 3rd “Blooming Cup” 5G Application Pitch Competition was held recently. The "Luoyang Luanchuan Molybdenum Group Co., Ltd. Intelligent Unmanned Mine" project selected by China Molybdenum Group won the prize.

The report of “Critical metals for future sustainable technologies and their recycling potential” for the United Nations Environment Programme (UNEP) aims at sustainable development of technologies to use indium, germanium, tantalum, platinum group metals (especially ruthenium, platinum, palladium), tellurium, cobalt, lithium, gallium, rare earths (including 16 elements) and other "high-tech metals" are classified as "green rare metals".

Rare earth, cobalt, and lithium are included in China's Strategic Minerals Catalog. There are 24 types of strategic minerals listed in the "National Mineral Resources Planning (2016-2020)" of the former Ministry of Land and Resources. Energy minerals are petroleum, natural gas, shale gas, coal, coalbed methane, uranium; metal minerals Iron, chromium, copper, aluminum, gold, nickel, tungsten, tin, molybdenum, antimony, cobalt, lithium, rare earth, zirconium; non-metallic minerals phosphorus, potassium salt, crystalline graphite, fluorite.