Jordan has announced a new exploration program targeting lithium and ‘rare earth’ near the Red Sea. Jordanian authorities recently announced plans to search for lithium and several other rare minerals near the Red Sea, according to local media reports.

Indianapolis-based HG Ventures, has formed a partnership with American Rare Earth LLC, a subsidiary of American Resources Corp. The companies aim to scale up the recycling of batteries, magnets, and electronic waste to recover and supply key metals and rare earth metals to the U.S. and global markets.

Commerce Resources said it has entered into a metallurgical partnership with Corem, a Quebec-based center of expertise and innovation in mineral processing and the largest concentration of resources dedicated to research and development in the field in Canada, to support the serial development of the Ashram rare earth and fluorspar deposit in Quebec.

Sinomine Rare Metals Resources has provided $3 million to Power Metals Corp., a rare minerals exploration company in northeastern Ontario, through a financing agreement to develop rare earths, lithium, and other minerals. Sinomine Rare Metals Resources will hold a 5.7% interest in the Vancouver and Arizona-based junior miner.

BCM Resources recently announced that diamond drilling has resumed at its Thompson Knolls Cu-Au-Mo Project in southwestern Utah. The Company's new drilling contractor, Falcon Drilling, has begun drilling TK3a near previously drilled TK3, which reached copper-molybdenum mineralization over an interval between 452 and 558 meters.

Argus believes the global tungsten market will be largely in balance in 2022, with supply chain disruptions, rising production costs, and increased global infrastructure spending likely to support prices. However, prolonged underperformance in the automotive and aerospace sectors is likely to depress demand growth, and the company has high hopes for the European market.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China tungsten price maintains stability when trading activity is low in the market with the approaching of the holiday of Chinese Spring Festival. 

Stuhini Exploration Ltd. has defined a one-kilometer-long gold trend from the historic Adanac molybdenum resource southwest along the Thor ridge. The ridge hosts numerous veins, including the Black Diamond and Emil veins. Surface sampling along this trend has confirmed the presence of gold, copper, silver, and tungsten mineralization. Current work also intersected primary gold in two historically expropriated drill holes (AD390 and AD393) in 2008.

Australian tungsten developer Tungsten Mining NL (TGN) has signed a Memorandum of Understanding with MCCI to develop a collaborative plan for the feasibility study of its Mt Mulgine tungsten project. MCCI is a wholly owned subsidiary of Metallurgical Corporation of China, engaged in contracting and consulting services for high-end projects around the world. mt Mulgine is located in the Murchison region of Western Australia, approximately 350 km from Perth.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price continued its steady upward trend in the week ended on Friday, January 14, 2022 due to the strengthened tungsten market.