Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price continues to remain stable as the whole market is still in a stalemate. With the effective control in COVID-19 as well as the release in personnel restrictions and logistics control in China, insiders believes that manufacturing industries such as automobiles and equipment are expected to be recovered in June, which is good for the release of demand. 

Group 6 Metals and the University of Tasmania will collaborate on research and development activities related to the production of critical minerals, including tungsten (W). The project is expected to benefit its W assets on King Island in the state.

In early May 2022, Chief Thomas Tilden of the Curyung Tribal Council, a representative of the Confederated Tribes of Bristol Bay, spoke at a press conference in Washington, D.C., about the Pebble deposit, a vast deposit of minerals such as copper, gold, and molybdenum, located in headwaters of the Bay.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, May 27, 2022 as the market was in a stalemate under the complex situations both at home and abroad. 

At the beginning of the week, China rare earth price generally remains within a reasonable range.

At the beginning of the week, China’s ferro molybdenum, molybdenum powder and sodium molybdate prices are unchanged from last week. Under the influence of many uncertain factors, the mentality of buyers and sellers is slightly different, that is, suppliers have strong profit-taking psychology, and buyers have general demand. 

A geological study of the Elk Creek project released by Colorado-based NioCorp estimates that the second largest rare earth mine in the US is located in Southeast Nebraska.

Neo Performance Materials Inc. recently announced that its high-purity heavy rare-earth separation plant in Jiangyin, China (JAMR) has reopened to full operations after a 12-day government-issued citywide lockdown. None of Neo's employees tested positive for the Covid virus.

Kin Mining NL recently announced final results from reverse circulation (RC) drilling at its Cardinia Hill property, which showed an extension of mineralization to include silver, copper, antimony, molybdenum, selenium, and tellurium. The property is part of Kin's wholly-owned Cardinia Gold Project (CGP), located near Leonora, Western Australia.

Vancouver-based ArcPacific Resources Corp. announced that GoldSpot Discoveries has completed its initial locational program and identified 24 target areas that show evidence of copper-gold-molybdenum-silver mineralization at the Company's LMSL Copper-Gold-Molybdenum-Silver Project (LMSL Project) where specific indicators of copper-gold-molybdenum and/or silica mineralization are present.