There was no significant change in the overall China rare earth market this week began on Monday June 6, 2022. At the beginning of the week, affected by the end of the Dragon Boat Festival and the unblocking of Shanghai, the prices of mainstream light and heavy rare earth products remained basically stable, with a small increase in some cases. 

China’s domestic molybdenum price rebounded in the week ended on Friday June 10, 2022 under the background of rising steel prices and a slight improvement in the global economy.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices continue to be weak on June 8, 2022 as the demand fails to meet market expectation and the new guide prices from listed tungsten companies also decline, which weakens market confidence. However, market price is not likely to decline sharply in the short term under the background of global inflation and economic recovery after the COVID-19. 

Rainbow Rare Earths has entered into a Memorandum of Understanding with a diversified chemical group based in South Africa to investigate opportunities to extract rare earth elements from the nitro phosphate process stream at its phosphoric acid production plant located near Johannesburg.

Rare earth producer Energy Fuels Inc. (EFR) recently announced that it will purchase huge heavy mineral sands in Brazil, which it will mine to produce a concentrated mineral blend containing zircon, ilmenite (titanium), and monazite, a major step forward in the company's complete internal vertical integration.

Stuhini Exploration is exploring and developing base and precious metal projects in Western Canada, where it controls over 809 square kilometers of potential mineral tenures. Stuhini has estimated the potential of the Ruby Creek Molybdenum Project in British Columbia following a resource estimate.

Strategic Metals Ltd. has conducted geophysical surveys at its three porphyry copper projects in the Yukon, with results indicating high values of copper, gold, and molybdenum. The company recently disclosed details of its exploration program. The projects involve geophysical surveys designed to better understand the porphyry system.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains weak adjustment on June 7, 2022 affected by the decline of new guide prices from the listed tungsten companies. in addition, the contradiction between demand and supply has not been effectively alleviated. Most participants take a watchful stance.

China rare earth price is partially stable, and some rose slightly in the first half of June 2022. Under the interweaving of many favorable and unfavorable factors, the mentality of light and heavy rare earth traders was slightly different.

Molybdenum market quotation in China: ferro molybdenum, sodium molybdate and ammonium heptamolvbdate prices are unchanged from the previous trading day on June 8, 2022.