China is a major producer of rare earth elements (REEs), with 60% of the world's supply, and its share of production used to be around 95%, but after the rise in rare earth prices in 2009, other countries, including Australia, which is the fourth largest producer in the world, accounting for 8% of REE production, started mining REEs.

Nevada Democratic Sen. Catherine Cortez Masto is drafting legislation that would provide tax incentives for manufacturers of battery and rare earth magnets manufacturers to increase the production of materials used in electric vehicles and other technologies, an action she says would create more jobs in the state's mineral processing and recycling sectors.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten carbide powder and ferro tungsten prices remain weak adjustment in the second half of April with the impact of COVID-19 and geopolitical risks in the world. but given the high cost, the price adjustment will be limited. 

Salt (NaCl) acts an intermediary role in the chemical vapor deposition growth of 2D molybdenum disulfide (MoS₂), accelerating its generation process. Materials theorists at Rice University found that the NaCl and precursors form eutectics with melting temperatures lower than either of them.

Latin Metals Inc. announced positive exploration results from its 100% owned Auquis copper-molybdenum project, located in the coastal copper belt, with soil sampling results identifying high-grade anomalous copper deposits over a 3km x 2km area.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in the week ended on Friday, April 22, 2022 because the continued spread of epidemic in Shanghai, Jilin and other places affected the demand for hard alloys such as tools and molds in the automobile and other industries, which increased the profit-taking sentiment on the tungsten raw material side. 

At the beginning of the week, China rare earth price remains stable on the whole, except a little decline of praseodymium neodymium oxide price. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and power prices are unchanged from last week at the beginning of the week. With supply and demand relatively balanced, the atmosphere of negotiation between buyers and sellers is a bit stalemate, resulting in few new orders and uncertain market outlook. At present, industry players are focusing on the volume and price of the new round of steel bidding.

A team at the Massachusetts Institute of Technology (MIT) and the National Renewable Energy Laboratory recently developed thermal batteries that emits light like a tungsten wire, effectively storing wind and solar energy. The technology achieves a nearly 30 percent jump in the efficiency of thermophotovoltaic (TPV), a semiconductor structure that converts photons from a heat source into electricity, just as solar cells convert sunlight into electricity.

Plans to reopen the Hemerdon tungsten mine of Tungsten West PLC near Plymouth are on hold due to rising costs and the current market price of tungsten. The Hemerdon mine was taken over by Tungsten West in 2019. In March, the company said it plans to restart operations in early 2023 and employ about 300 people.