Recent exploration results from American Rare Earths (ARE) indicate that the reserves in Arizona and Wyoming may be the two largest rare earths mines in the United States, making ARE's holdings the largest in North America. According to SEC filings, the current U.S. leader in rare earth production is MP Materials, which owns the only operating rare earth mine in Mountain Pass, California, responsible for producing 15% of the mineral content consumed on the global market, according to SEC filings.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the upward trend in the first half of April but turned to decline in the second half of this month. The average tungsten forecast prices from tungsten association and long-term contract prices from listed tungsten companies followed the trend. 

Rare earth market quotation in China: cerium oxide, europium oxide and lanthanum oxide prices maintain stability on the whole after the holiday of May Day. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and ammonium heptamolvbdate prices remain stable on May 5, 2022. On the first day after the May Day holiday, many molybdenum mining companies have not fully resumed normal production and most steel companies have delayed bidding time, resulting in a low market heat. 

Tungsten (W) has played an important role in the development of the modern industrialized world, but it is also a mineral with an unstable supply chain, which makes the future of the $1 billion Sangdong tungsten mine in South Korea shine. w is a shiny, black metal containing small amounts of carbon and oxygen that is essential for making battery anodes for electric vehicles, semiconductors and other green technologies.

ASX-listed EQ Resources Limited (EQR) is fully funded for the development of its Mt Carbine tungsten project. The company reports that it has secured additional funding commitments of A$5.7 million from its joint venture and offtake partner, the German Cronimet Group, and its director, Zhui Pei Yeo.

The US Las Vegas-based MP Materials is building a 200,000-square-foot rare earth magnet manufacturing facility in Fort Worth to produce rare-earth magnets and materials for electric vehicles through a long-term agreement with General Motors Corp. The components are also critical to robotics, drones, wind turbines, defense systems, and other technologies. The project will create about 150 permanent, highly skilled jobs and about 1,300 indirect jobs, the company said, and the production is expected to begin in 2023.

American Rare Earths Limited (ARR) has found compelling evidence of rare earth mineralization in exploration drilling in the southwest portion of the La Paz Rare Earth Project in the US. The company drilled nine holes for a total of 821 meters, yielding 677 core and chip samples that have been sent to the U.S. Assay Laboratory in Sparks, Nevada for analysis.

According to the Proactive website, W Resources PLC is expected to delist because it is currently "not in the best interest to remain on AIM," the tungsten miner said, noting that the cost of liquid natural gas has risen from 70,000 euros a month to more than 500,000 euros a month.

Strategic Minerals said its 100% owned subsidiary Cornwall Resources (CRL) has signed a 10-year extension to its existing Redmoor Tin and Tungsten Project exploration license agreement.