American Resources Joins Rare Earth Industry Association

In-situ TREO contained in compliant Mineral Reserves image

American Resources Corporation announced its membership in the global Rare Earth Industry Association (REIA), an international nonprofit organization representing the global rare earth elements (REE) industry. The company says REIA provides a platform for stakeholders to network, conduct research, and develop strategies and supply chain standards.

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American Rare Earths May Discover Largest Deposit in North America

Key rare earth projects image

Recent exploration results from American Rare Earths (ARE) indicate that the reserves in Arizona and Wyoming may be the two largest rare earths mines in the United States, making ARE's holdings the largest in North America. According to SEC filings, the current U.S. leader in rare earth production is MP Materials, which owns the only operating rare earth mine in Mountain Pass, California, responsible for producing 15% of the mineral content consumed on the global market, according to SEC filings.

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China Tungsten Price Was Mixed in April, 20222

yellow tungsten oxide photo

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the first half of April but turned to decline in the second half of this month. The average tungsten forecast prices from tungsten association and long-term contract prices from listed tungsten companies followed the trend. 

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Lanthanum Oxide Price - May 5, 2022

lanthanum oxide photo

Rare earth market quotation in China: cerium oxide, europium oxide and lanthanum oxide prices maintain stability on the whole after the holiday of May Day. 

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Ammonium Heptamolvbdate Price - May 5, 2022

molybdenum rod photo

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and ammonium heptamolvbdate prices remain stable on May 5, 2022. On the first day after the May Day holiday, many molybdenum mining companies have not fully resumed normal production and most steel companies have delayed bidding time, resulting in a low market heat. 

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Reigniting Future of Korea's $1 Billion Sangdong Tungsten Mine

Reigniting Korea tungsten legacy for the future image

Tungsten (W) has played an important role in the development of the modern industrialized world, but it is also a mineral with an unstable supply chain, which makes the future of the $1 billion Sangdong tungsten mine in South Korea shine. w is a shiny, black metal containing small amounts of carbon and oxygen that is essential for making battery anodes for electric vehicles, semiconductors and other green technologies.

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EQ Resources Fully Funded for Mt Carbine Tungsten Project

Mt Carbine mine of EQ Resources image

ASX-listed EQ Resources Limited (EQR) is fully funded for the development of its Mt Carbine tungsten project. The company reports that it has secured additional funding commitments of A$5.7 million from its joint venture and offtake partner, the German Cronimet Group, and its director, Zhui Pei Yeo.

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First US Rare Earth Magnet Manufacturing Facility Begins Construction in Fort Worth

MP Materials to build US magnet factory image

The US Las Vegas-based MP Materials is building a 200,000-square-foot rare earth magnet manufacturing facility in Fort Worth to produce rare-earth magnets and materials for electric vehicles through a long-term agreement with General Motors Corp. The components are also critical to robotics, drones, wind turbines, defense systems, and other technologies. The project will create about 150 permanent, highly skilled jobs and about 1,300 indirect jobs, the company said, and the production is expected to begin in 2023.

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American Rare Earths Identifies Rare Earth Mineralization in La Paz Southwest Exploration

American Rare Earths Ltd La Paz drill results exceed expectations image

American Rare Earths Limited (ARR) has found compelling evidence of rare earth mineralization in exploration drilling in the southwest portion of the La Paz Rare Earth Project in the US. The company drilled nine holes for a total of 821 meters, yielding 677 core and chip samples that have been sent to the U.S. Assay Laboratory in Sparks, Nevada for analysis.

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W Resources Expects to Delist

W Resources expects to delist on AIM image

According to the Proactive website, W Resources PLC is expected to delist because it is currently "not in the best interest to remain on AIM," the tungsten miner said, noting that the cost of liquid natural gas has risen from 70,000 euros a month to more than 500,000 euros a month.

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