Soutbay Tungsten Mine (Саутбай) project invested and developed by Shindong Resources of South Korea in Uzbekistan made new progress. Virtual talks have been held between the First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan Laziz Kudratov, Chairman of Shindong Resources company, Chairman of Korea Uzbekistan Business Association Kim Yong-gu and Vice-Chairman of this association Kim Chang-keo. It is the only progress in cooperation between the two sides in the past five years.

The latest research and evaluation results of Redmoor Tungsten-Tin Mine, one of the most potentially valuable minerals in the UK, show that the mine’s internal rate of return is 29%, and the net present value (calculated at a discount rate of 8%) is US$128 million. There is a substantial increase.

The "Songjiagou Molybdenum Mine Resources Development and Utilization Plan in Luonan County, Shaanxi Province" has recently passed the review of experts from the Oil and Gas Resource Strategy Research Center of the Ministry of Natural Resources. The mine located at the core of the Huanglongpu molybdenum ore field in Luonan County is the second-largest molybdenum mine in Shaanxi Province.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten bar prices in China remained weak adjustment in early week due to quiet market trading and cautious sentiment of market participants. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten powder prices in China edged lower in the week ended on Friday October 23, 2020 affected by the decline in new guide prices from tungsten associations. Most purchasers sought lower prices while some traders would like to cut their profits for more sales. In the whole, the tungsten market was weak. 

Rare earth market quotation in China: praseodymium oxide and praseodymium neodymium metal prices decline slightly while lanthanum oxide price remains stable on October 26, 2020. Under the complex global economic and trade market, traders have different consumer sentiments for the market. 

Molybdenum market quotation in China: molybdenum oxide, molybdenum bar and ferro molybdenum prices k eep stable on October 26, 2020 when market participants have good expect for the outlook with the impact of increase quantity and price of import of raw materials. 

Molybdenum market quotation in China: molybdenum oxide, molybdenum bar and ferro molybdenum prices k eep stable on October 26, 2020 when market participants have good expect for the outlook with the impact of increase quantity and price of import of raw materials. 

Joe Biden's campaign team had privately promised to miners that they would support them in expanding domestic metal production capacity, such as rare earths, cobalt, and nickel to support the needs of green energy industries such as electric vehicles (EVs) and solar energy, according to market hearsay. It is worth noting that the sharp rise in the prices of cobalt and nickel has driven the metal index of EVs to climb to the highest peak since 2020.

The US President Donald Trump and former Vice President Joe Biden are both keen on securing rare earth metals. The presidential candidate Joe Biden, whose greater focus on environmental issues is seen as a likely headwind for the oil industry with Trump's campaign activity limited.