According to the Korea Institute of Materials Science (KIMS), the performance of grade 42M commercial rare earth magnet can be achieved with 30% less neodymium than before. Due to the growing demand for anisotropic Nd-Fe-B permanent magnets for high-efficiency motors for hybrid/electric vehicles and wind turbines, the shortage of Nd resources has become a serious problem.

Defense Metals Corp. announced access to a total of 3.81% rare earth oxides over 117 meters; including 4.87% over 38 meters at Wicheeda. Results from six additional diamond drill holes totaling 879 meters from the Company's 29-hole, 5,349-meter diamond drilling program were completed in the fall of 2021. Drill holes WI21-51 through WI21-56 were drilled at the same location and within the southern portion of the Wicheeda rare earth element (REE) deposit.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable greatly affected by the continued weakness in the demand side. With the approaching of May Day holiday, market transactions are expected to be low. 

China rare earth price dropped significantly in mid-to-early April, and there were few new orders concluded in the market, according to Chinatungsten Online.

China molybdenum price kept firm in April 2022 on the whole, according to Chinatungsten Online. Specifically, the transaction volume and price of molybdenum market increased in the first half of April. 

Meryllion Resources Corporation announced that it has entered into an agreement with Essex Minerals Inc. for an arm's length option and revenue joint venture on the Mt Turner copper-molybdenum and Drummer Fault gold projects in northern Queensland, Australia.

Research available as a pre-proof in the journal Materials Chemistry and Physics demonstrates the feasibility of using 2D molybdenum disulfide/graphene oxide quantum dot nanocomposites (2D MoS₂/GOQD nanocomposite) as a sensing material for humidity sensor.

Analysis of latest tungsten market from Chinatungsten Online

The tungsten bar and tungsten powder prices in the Chinese market maintain stability as the trading sentiment is greatly affected by the continued spread of COVID-19. With the approaching of May Day holiday, the market is expected to stabilize in the short term.

Masan High-Tech Materials Corporation has announced an 86 percent increase in its net income to more than VND13.5 trillion ($586.9 million) in 2021, thanks to a merger with a German tungsten producer and a rise in tungsten prices last year.

Tungsten producer Group 6 Metals (ASX: G6M) is reopening its Dolphin tungsten mine at King Island off Tasmania and hopes to start producing concentrate early next year as planned.