Cobalt price is unchanged from the previous trading day under interwoven negative and positive factors. On the supply side, the epidemic situation in Africa is severe, resulting in production reduction. In addition, domestic purchases and reserves are still expected in the fourth quarter.

For extracting rare earths from e-waste to make car batteries, researchers at Lawrence Livermore National Laboratory (LLNL) under the US Department of Energy, in collaboration with Pennsylvania State University (PSU) and Idaho National Laboratory (INL), have designed a new process based on a natural protein, that could extract and purify rare earth elements (REE) from low-grade sources. It could offer a new avenue toward a more diversified and sustainable REE sector for the US.

Orange peel helps to recycle lithium-ion batteries. Scientists led by Nanyang Technological University, Singapore (NTU Singapore) have developed a novel method of using fruit peel waste to extract and reuse precious metals from spent lithium-ion batteries in order to create new batteries. The scientists say that their waste-to-resource approach tackles both food waste and electronics waste, supporting the development of a circular economy with zero waste.

Pennsylvania State University (Penn State) scientists have developed a two-stage acid mine drainage (AMD) treatment process, which can recover higher concentrations of rare earth elements from acidic wastewater with fewer chemicals than before. The new way to treat AMD could help transform the environmental pollution problem into an important domestic source of the critical rare metal elements needed to produce technology ranging from smartphones to fighter jets.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remained stable in the last trading day in August 31, 2020 due to heavy wait-and-see atmosphere and cautious sentiment of market participants. Now the raw material side continues to keep strong rised mentality while the demand side is not active in stocking up. In the short term, the market is expected to stabilize. 

China cobalt price declines slightly as the supply in the market is expected to increase in the short term and the demand side is relatively weak. Recently, import of cobalt raw material has decreased sharply due to the spread of coronavirus, but with the gradual resumption in companies and recovery in logistics, and Congo exempting from export ban, the supply of cobalt ores may be stable in the market. 

Rare earth market quotation in China: cerium oxide, neodymium oxide and lanthanum oxide prices keep stable as buyers and sellers are not active in trading under many instabilities in the market.

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices maintain stability when downstream remains rigid-demand and suppliers are looking for higher profits. 

Australian sands miner Iluka Resources has completed the first phase of its diversification into a rare earth producer in Western Australia. The company is set to begin producing ready-for-processing rare earths material and has raised the prospect of building its own plant in Australia.

Molybdenum market quotation in China: the prices of molybdenum bar, sodium molybdate and molybdenum powder maintain stability in the last trading day in August 31, 2020 when investors hold different views towards the late market trend. The whole transactions also need to be followed up.