At the beginning of the week, the prices of molybdenum powder, ferro molybdenum and molybdenum concentrate prices continue the weakness when the market is quiet with low trading activity. 

MP Materials, the largest rare earth miner in the Western Hemisphere, today announced that in the third quarter of 2021, the company's revenues increased 143% year-over-year, primarily due to higher sales prices for rare earth oxides (REO) in concentrate and higher metric tons (MT) sold.

The Covid-19 pandemic has demonstrated an urgent need for antiviral and antimicrobial coatings on surfaces in public places and healthcare environments, and recent research published in Microbial Biotechnology demonstrates a method for the preparation of rare earth-doped antimicrobial coatings to address this problem.

According to a report by IDTechEx, efforts are underway in Europe to reduce the use of rare earth magnets materials, especially heavy rare earths. The EU's strategy is aimed at protecting its EV industry from price volatility driven by other countries, as China currently dominates the supply of rare earths.