Restoration activities at Chevron Mining, Inc.'s Questa molybdenum mine have been ramping up in recent months. The reclamation of the mine and tailings site could take decades more, and 'Chevron will own the mine forever,' said one company executive.

Amerigo Resources Ltd. announced production results from Minera Valle Central (MVC) for the quarter ended March 31, 2022 (Q1 2022), with 0.2M pounds of Mo production from the company's 100% owned project located near Rancagua, Chile.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, April 15, 2022 with continued cautious sentiment of participants under many instabilities in the world. 

At the beginning of the week, China rare earth market showed a pattern of minor adjustments. Prices of praseodymium oxide and neodymium oxide decline slightly while terbium oxide and praseodymium neodymium oxide price edge higher. 

At the beginning of the week, China molybdenum market maintained a stable operation as a whole. Molybdenum powder price stabilizes while prices of molybdenum concentrate and ferromolybdenum drop to 2,900 yuan/ton and 190,000 yuan/ton respectively.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium metatungstate (APT), tungsten powder and ferro tungsten prices continue to maintain stability on April 14, 2022. the production and sales of the cemented carbide industry and its downstream automobile consumers have slowed down due to the supply chain interruption caused by the closure and control of Shanghai, an important production and logistics distribution center, with the impact of COVID-19. 

China rare earth price showed a downward trend as a whole in the week ended on Friday April 15, 2022, especially the prices of praseodymium, neodymium, dysprosium and terbium products fell the most. This week, praseodymium and neodymium oxide fell by 9.44% to $131,451.6/ton, praseodymium oxide fell by 5.68% to $141,935.5/ton, dysprosium oxide price fell 6.08% to $398,387.1/ton. 

China’s domestic molybdenum price increased on the whole in the week ended on Friday April 15, 2022. At the beginning of the week, supported by the tight supply of molybdenum raw materials and the healthy demand for steel recruitment, the prices of many molybdenum products jumped. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price maintains stability in the middle of April given the support from environmental protection, logistics, inflation, high costs and other factors. Participants in the raw material markets have confidence in market outlook, but traders still remain rational as they are worried about the risks from local conflicts, repeated COVID-19 and extreme weather. 

IMPACTS OF RUSSIA-UKRAINE CONFLICT ON TUNGSTEN MARKET & PRICE

PART IX OF X

The Unfinished End

The Russia-Ukraine Conflict, The Epidemic, The Internal Entanglement, and Things of China’s Tungsten