Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and bar prices go up slightly at the beginning of the week. Under the influence of factors such as the slack supply of molybdenum concentrate, the rising price of steel and the continuous increase in the international molybdenum market, traders are generally active when entering the market. 

Australian junior explorer Eclipse Metals (EPM) has unveiled "highly anomalous" results for rare earths and other metals from its Greenland prospects.

Tungsten West is currently raising cash to re-operate the Plymouth Tungsten Mine with plans to increase production at the site, which has the second-largest tungsten reserves in the Western Hemisphere. The company is moving forward with developing its aggregates business, an operation that is currently challenged by the need to increase the number of trucks traveling to and from the site.

Russia's conflict over Ukraine has risen the US concerns about the ferrotungsten (FeW) supply base. Sanctions against Russian financial institutions and the suspension of major maritime suppliers have deprived Russia of the opportunity to export ferrotungsten to the U.S., market participants said.