Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten price remained stable during the holiday of National Day as the market was quiet. Affected by the policy of dual control of energy consumption, the output of factories reduced and thus manufacturers kept firm offers. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices show signs of rise at the beginning of the week. 

China’s ferro molybdenum price edges lower while molybdenum concentrate and power prices are unchanged at the beginning of the week. In the case of the National Day holiday and the overhaul of some steel companies has ended, the activity of inquiries and purchases in the market has increased, so the mentality of shareholders has gradually improved.

The Armenian government acquired a 25% stake in Zangezur Copper-Molybdenum Combine (ZCMC). Recently, a Russian company bought a majority stake in Armenia’s largest mining company and immediately gave part of the stake to the Armenian government.

Pensana Chairman Paul Atherley is meeting with senior UK government officials this week to discuss support for the construction of the Saltend rare earths plant. They planed to invest £100 million.

Namibia Critical Metals Inc. (the "Company" or "NMI") is happy to provide the latest developments in the Lofdal Heavy Rare Earth Deposit since the mining license was obtained in July this year, from the deposit, a market ready >98% rare earth oxide product has been successfully produced.

Inflammatory bowel disease (IBD) is a non-specific chronic intestinal inflammatory disease, mainly including ulcerative colitis and Crohn's disease. 

Tungsten West plans to list £39 million on AIM and prepare for full production from the Plymouth tungsten mine. The company has also raised £36 million from investors and now expects to have enough cash to mine the world's third-largest tungsten reserve.

China has previously been cast in a sinister role with respect to restricting the rare earth production and export of critical rare earth metals, usually, salts used to produce a host of products. Those products include magnets for consumers electronics and electric cars, defense equipment, and advanced ceramics.

Pensana recently referred to a recent publication by the European Raw Materials Alliance (ERMA), of which Pensana is a founding member, which aims to call on governments and manufacturers to support the rare earth industry in Europe.