The Democratic Republic of Congo has effectively taken back China Molybdenum Co., Ltd. (CMOC) from its ownership of the Tenke Fungurume cobalt mine. A court ruling has left the Chinese company as the owner of one of the world's largest cobalt mines.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and ammonium metatungstate (APT) prices remain stable on March 9, 2022 as the market is still in a stalemate affected by international geopolitical and trade conflicts risks. 

The overall situation of China’s domestic rare earth market is weak. DyFe, dysprosium oxide and praseodymium neodymium metal prices edge lower on March 10, 2022. 

The whole China’s tungsten market starts to be strong again on March 10, 2022. Under the influence of factors such as mismatch between supply and demand and the warming of the international molybdenum market, traders are generally in a good mood, which makes the atmosphere of buying and selling in the market active and the market outlook is relatively optimistic. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price mixes on March 8, 2022 – tungsten concentrate and ammonium paratungstate (APT) prices tend to decline as shipments of some traders increase due to slight oversupply; the back-end powder and its downstream alloy markets are still faced with the risks of cost pressure, deadlocked supply and demand, and macro uncertainty. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to remain weak at the beginning of the week as participants mainly take a watchful stance to avoid risks due to the uncertainties under conflict between Russia and Ukraine. In addition, the new guide prices for early March also declined slightly. 

Happy Creek Minerals Ltd. has reported the delineation of several multi-kilometer copper-moly targets during its 2021 exploration campaign at its Highland Valley project. In addition, the TSX-V has approved the purchase and sale agreement announced by the company on February 24, 2022, for the adjacent, highly prospective 438 hectares of Mystery property.

American Resources Corporation, a socially responsible supplier of rare earths and critical elements, carbon and advanced carbon materials for new infrastructure and electrification markets, announced that its subsidiary American Rare Earth LLC (ARE) has partnered with a leading applied research institute and collaborative organization, the Indiana Innovation Institute (IN3), to further ensure the company’s commercial production of critical elements and rare earth elements such as lithium, cobalt, nickel, neodymium, praseodymium and dysprosium at its production facilities.

Tungsten West has appointed Fairport Engineering Ltd. as the engineering, procurement and construction management (EPCM) contractor for its Hemerdon tungsten-tin project in the U.K. The company will also soon receive seven X-ray Transport (XRT)-based ore sorters from TOMRA.

Supply concerns of ferrotungsten (FeW) in Europe are growing as the Russia-Ukraine conflict has hampered trade and deliveries of Russian alloys, leaving China as the main source of supply to the continent.