Renewable energy has many benefits when talking about the transition from fossil fuels to an energy economy, however, there is also a major challenge that must be addressed when calling for this shift - rare earth minerals, which are used in the construction of many clean energy technologies.

Montero Mining and Exploration Ltd. consolidated its property holdings at its Avispa copper-molybdenum deposit in the Atacama Desert of northern Chile. The company has completed the regulatory process for 200.8 square kilometers of exploration concessions, including the original Avispa and the recently acquired Abeja exploration concessions, which were registered in 2021.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price mainly keeps stable in the second half of March, 2022. Affected by the tension in overseas supply chains, the general increase in global commodity prices and the support of a new round of long-term contract prices from large tungsten companies, participants have a strong willingness to support the market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices are in the upward trend on March 22, 2022 with the increase in new guide prices for the second half of this month, which shored up market confidence to some extent. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices are in the downward trend in the second half of March, 2022. With the support capacity of favorable factors gradually weakening, the mentality of buyers and sellers is in sharp contrast with the one or two months after the Spring Festival this year.

China’s ferro molybdenum, sodium molybdate and ammonium molybdate prices keep strong on March 23, 2022. The low spot inventory of molybdenum concentrate, stable downstream demand and high commodity prices have supported the strong quotation of the holders to a large extent.

Stuhini Exploration has provided a mineral resource estimate for the Ruby Creek molybdenum deposit located 35 km east of Atlin, British Columbia. The resource estimate was conducted by Mine Development Associates (MDA), a division of RESPEC.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price has shown a stable trend at the beginning of the week due in part to the tensions in overseas markets. Although market demand is expected to increase, the repeated epidemic and the instability of economic and trade recovery still pose challenges to the operation of the industry. 

Aim-listed W Resources has recently restarted tungsten production at its La Parrilla mine in Spain following an extended maintenance shutdown. A number of improvements have been made during this period to streamline plant efficiency and overall recovery.

Australia’s Prime Minister Scott Morrison Scott Morrison announced funding for rare earth refining to boost rare earth capacity, including vital components for high-tech batteries, as the country works with the U.S. to move away from its heavy reliance on the key Chinese mineral.