China’s ferro molybdenum price edges lower while molybdenum concentrate and sodium molybdate remains unchanged on December 15, 2021. Given the limited increase in the supply of raw materials and the average price of steel tenders, the market tends to be in a stalemate. 

General Motors (GM) has locked in a domestic source of rare earth minerals, alloys, and finished magnets for its upcoming line of electric vehicles, including the GMC Hummer EC, Cadillac Lyriq, and Chevrolet Silverado EV, through two partnerships with MP Materials and with Germany's Vacuumschmelze (VAC). This will allow them to build two new facilities in the US to enhance domestic production of rare earth magnet production.

ASX-listed Ionic Rare Earths Limited (IonicRE) has entered into a binding term sheet to acquire a UK-based rare earth separation technology company called Seren Technologies (SerenTech).

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price increases slightly on the whole in the first trading day on December 13, 2021 with the strong support of cost. At the end of the year, the market tends to stabilize considering capital shortage, limited supply and continued weakness in the demand side.