China’s domestic rare earth prices showed a slight downward trend as a whole this week. In addition to the fact that downstream users are more afraid of heights, it is difficult to release transactions. The escalation of external geopolitical risks and the impact on the downstream industry of rare earths are also one of the factors that reduce the demand for rare earth raw materials.

Norwest Minerals identifies a large 6 x 2 km lithium-cesium-tantalum (LCT) pegmatite at Arunta West just days after discovering a significant rare earths anomaly nearby. These findings come from the ongoing analysis of 6550 multi-element soil samples covering 840 km² of the Arunta West project located on the WA/NS border.

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and oxide prices increased in the week ended on Friday, March 11, 2022. Affected by factors such as low stock of raw materials, increasing demand, rising international molybdenum prices and rising commodity prices, suppliers are generally optimistic. 

The Democratic Republic of Congo has effectively taken back China Molybdenum Co., Ltd. (CMOC) from its ownership of the Tenke Fungurume cobalt mine. A court ruling has left the Chinese company as the owner of one of the world's largest cobalt mines.