American Rare Earths Ltd (ARR) has confirmed the presence of a major rare earth deposit through its first exploration drilling program at its Halleck Creek Project in Wyoming, USA. The company drilled 917 meters in nine holes in the larger Red Mountain and Overton Mountain areas, collecting 822 samples with core recoveries of over 99% in most holes.

South America focused miner Hot Chili has made another significant batch of results from development drilling studies on its Cortadera porphyry discovery, exploring for precious metals such as copper, gold, and molybdenum. The discovery is part of its Costa Fuego copper development project in Chile and noteworthy data includes a 658-meter long copper equivalent interval, including a 130-meter interval from 232 meters deep at 0.9% copper equivalent.

Despite delays due to heavy rain, EV Resources (EVR) reports that it is on track to begin drilling at the Khartoum Tin-Silver-Tungsten Project in North Queensland. The initial 3,000-meter drill campaign is planned for the end of May at the Boulder property.

A new study has recently shown us how tungsten oxide (WO₃) can be used as a catalyst in sustainable chemical transformations. The project uses computational simulations to understand how WO₃ interacts with hydrogen at the molecular level and validates these findings through laboratory experimentation.

GE Additives announced that Kennametal Inc., Pittsburgh, Pennsylvania, USA has become the latest member of its Beta Partner Program. As part of the GE Additives program, Kennametal will further increase its Binder Jetting (BJT) capabilities in tungsten carbide as it continues to expand its end-to-end metal additive manufacturing business.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable on the whole on May 19, 2022 as the market faces many instabilities. On the one hand, the manufacturing industry is sluggish under the continued spread of COVID-19; on the other hand, the external environment is still complex and changeable under the geopolitical pressure. 

China rare earth price rose early in the week and then turned to fall near the Friday in the week began on Monday May 16, 2022. 

China molybdenum price was in the downward trend in the week ended on Friday, May 20, 2022. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten carbide powder prices are unchanged from the previous trading day as the whole market keeps quiet trading activity. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in the Chinese market decline slightly on May 17, 2022. On the one hand, due to the impact of the epidemic, the demand side has not fully recovered; on the other hand, participants remain low buying appetite affected by the decline in new guide prices for the second half of May 2022.