China molybdenum price was in the downward trend on May 25, 2022, including ferro molybdenum, sodium molybdate, ammonium heptamolvbdate and molybdenum powder. Market trading is limited and insides lack of confidence to the market outlook.

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, the long-term contract prices of large tungsten companies for the second half of this month were lowered as expected. Although it did not cause severe panic, it affected the reference level of spot trading and negotiation to a certain extent. Most prices of tungsten products are under pressure. 

Power Nickel Inc is focused on mining high potential molybdenum, copper, gold, and battery metals in Canada and Chile. Power Nickel added $833,568.7 in capital to the Company as a result of the exercise of warrants and the Company ramped up exploration efforts on the NISK nickel project with an additional 5,000 meters of drilling.

Rockfire Resources plc, an exploration company focused on gold and other base metals, announced the maiden JORC resource estimate for its 100% owned Molaoi Zinc Deposit in Greece, which exceeded all expectations including zinc, silver, copper, and molybdenum resources, demonstrating the quality and potential of the project.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained weak adjustment on the whole in the week ended on Friday, May 20, 2022 as market demand continued to fail market expectation. 

Rare earth market quotation in China: terbium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices declined slightly at the beginning of the week. Under the mutual influence of negative and positive factors, the atmosphere of negotiation between buyers and sellers was slightly stalemate, so the transaction was less than expected and the price of products was weak.

At the beginning of the week, China molybdenum price continued to be weak as last week. Affected by the weak downstream demand and its high price pressure sentiment, many molybdenum mining companies had little confidence in firm quotations. 

JET is the world's largest fusion energy machine. Based on the same process that powers our sun and the stars, nuclear fusion has long been considered the ultimate energy source. A new paper reveals how tungsten parts can now be successfully scanned with tungsten X-rays to help detect defects and accurately determine their lifetimes in order to advance fusion.

Pagero Group AB has entered into an arrangement whereby Pagero has issued a note facility in the principal amount of SEK 750 million (the "Notes Financing"), replacing the previous bank financing arrangement. The net proceeds from the initial notes will be used for the planned acquisition of Tungsten Corporation Plc.

E-waste is a good source of rare earths, and its recycling efficiency needs to be improved. Recently, the Royal Society of Chemistry (via bbc.com) is running a campaign to raise awareness of the unsustainability of mining precious metals. These metals and the materials applied often end up in landfills, producing potentially toxic contaminants. However, these wastes are also an untapped resource, hence the need for recycling.