China’s domestic rare earth price is in the upward trend on the whole on Feb. 16, 2022. But affected by complex factors, the price game between buyers and sellers is fierce, so the order growth rate is moderate, and some industry players are worried about the future demand.

China’s domestic molybdenum market continues to be strong on February 18, 2022. The transaction prices of molybdenum concentrate and ferro molybdenum have reached RMB 2,500/ton and RMB 170,000/ton, respectively.

Rafaella Resources, European-focused tungsten (W) producer, has significantly increased its underground resources in Spain, in addition to two new exploration targets. The company announced a 24% increase in the Mina Carmen underground resource at its flagship Santa Comba project to 291,000 tonnes at 0.95% W and 0.23% tin (Sn).

Group 6 Metals Limited (G6M, formerly King Island Scheelite Limited) has started work on its Dolphin Tungsten Project on King Island, while the company has appointed a new chief executive officer. G6M said that following the delivery of a D8 bulldozer on Jan. 20, work on its Grassy Earthworks at its Dolphin project began in late January.

Analysis of latest tungsten market from Chinatungsten Online

Prices for tungsten concentrate and ammonium paratungstate (APT) in China’s domestic market moved up over the past week amid growing bullishness caused by persisting supply tightness as well as increased product prices of cemented carbide. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the week ended on Friday, February 11, 2022 with the impact of increased guide prices from listed tungsten companies for the first half of this month. 

Rare earth market quotation in China: terbium oxide, praseodymium oxide and neodymium oxide prices continue to increase at the beginning of the week. In addition to the recent resumption of work and production by downstream enterprises, which has greatly increased the market transaction enthusiasm and improved the confidence of suppliers to be reluctant to sell and support prices.

At the beginning of the week, China’s domestic molybdenum market showed signs of improvement. In addition to the impact of the Winter Olympics, the strengthening of environmental protection control was the main reason for the production restrictions of some intermediate smelting enterprises. 

A recent study at Rice University may solve the issue of rare earth elements (REEs) that are difficult to obtain and difficult to recover. Rice chemist James Tour's lab reports that they have successfully extracted rare earths from waste in yields high enough to solve manufacturers' problems while generating a handsome profit for them.

Amid the energy transition, coal countries are seeking new ways to obtain rare earth minerals. Coal is by far one of the worst polluters on the planet. Pilot projects across North America are reducing the use of coal through new energy sources.