To achieve the transition to green energy, we need large quantities of critical minerals such as tungsten, manganese, lithium, cobalt, and rare earths. However, mining has led to a certain degree of destruction of mining areas, and the mining of key metals in mining waste may offset the damage to local areas.

EV Resources will begin drilling in the coming week, with the rig expected to arrive at the Khartoum tin-tungsten project in Queensland on June 6. The initial 3,000m RC drilling campaign in the Boulder Prospect area has been planned for some time but has been repeatedly postponed due to the counter-seasonal wet weather.

Energy Fuels Inc. has locked up rare earths and uranium for the Bahia project, as the company recently announced it has entered into binding agreements (Purchase Agreements) for the acquisition of 17 mineral concessions totaling 15,089.71 hectares of Bahia Project between the towns of Prado and Caravelas in the State of Bahia, Brazil.

Canada has begun supplying the world with minerals critical to a greener economy with Nechalacho mine shipping concentrated rare earth ore. David Connelly of Cheetah Resources said, "We own the Nechalacho mine southwest of Yellowknife, Northwest Territories, and Canada and its allies are gaining independence from China's rare earth supply chain."

Analysis of latest tungsten market from Chinatungsten Online

The price trend of tungsten products in the Chinese market shows signs of difference in the first trading day of June 2022. On the one hand, the cost side under the inflation continues to be firm, the demand gradually recovers after the effective control of the epidemic, and the package of measures to stabilize the economy in the second half of the year will boost consumption. Therefore, tungsten raw material suppliers have strong rised mentality. 

Following its successful listing on the Australian Stock Exchange, Australian miner Pacific Bauxite (PBX) has provided its first update of copper-molybdenum mineralization. The company has commenced an exploration program focused on its assets in Western Australia, starting with the Melbourne project, which is located in the Wheatbelt region of Western Australia, just north of Perth.

Recent high-resolution ground magnetic surveys at Culpeo Minerals (ASX: CPO)'s Lana Corina Copper Project in Chile have identified approximately 13 new and untested geophysical targets. These targets are similar to known copper occurrences at the project, with recent drilling intersecting 257m at 0.95% copper and 81 parts per million molybdenum.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price was in the downward trend in May, and the average tungsten forecast prices from Ganzou Tungsten Association and long-term contract prices from state-owned tungsten companies also declined, owing to the impact of the epidemic in Shanghai, Jilin and other places on the domestic economy. 

Rare earth market quotation in China: europium oxide and cerium oxide prices continue to stabilize while praseodymium neodymium metal price increases slightly in the first trading day in June 2022. 

Molybdenum market quotation in China: ammonium molybdate, ammonium heptamolvbdate and molybdenum powder prices remained unchanged in the first trading day in June 2022.