At the beginning of the week, China’s domestic rare earth price showed a mixed pattern as a whole. Affected by the increasing atmosphere of the Spring Festival holiday, downstream magnetic material companies were more active in inquiring and purchasing, which prompted suppliers to hold their stocks and be reluctant to sell and hope for growth. However, with the sharp rise in raw material prices, buyers' fear of heights has also increased, coupled with limited liquidity, the order speed has slowed down.

At the beginning of the week, China’s domestic molybdenum price continued to be stable and strong in the last week. Under the influence of the shortage of spot supply of molybdenum concentrate and the generally high enthusiasm of steel companies to bid for ferromolybdenum, most intermediate smelters have a strong sense of reluctance to sell and keep prices high. The ferro molybdenum price is about 164,000 yuan/ton.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price continues to keep stable and firm on January 13, 2022. However, participants hold different views towards the outlook. Some of them are still worried about cost pressures under environmental protection and inflation, while others believed the epidemic and the slowdown in economic growth will affect demand less than expected. 

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices continue to increase while lanthanum oxide price remains unchanged in the week ended on Friday January 14, 2022. 

This week, China’s domestic molybdenum market has shown a steady upward trend as a whole. Against the background of obvious imbalance between supply and demand, buyers and sellers are generally in a good mood, that is, suppliers have a strong willingness to take profits, and buyers are still motivated to inquire and receive goods.

American Rare Earths Limited, an exploration and technology company focused on the development of rare earth and scandium assets, announced that its wholly-owned U.S. subsidiary, Western Rare Earths (WRE), has been named a team member of the highly respected Critical Materials Institute (CMI). The company's assets have the potential to become some of the largest rare earth deposits in the United States.

Appia Rare Earths & Uranium announced the acquisition of successive new claims in the Athabasca Basin region of northwest Saskatchewan, with a portion of the newly acquired Otherside uranium mineral claim block previously held by Appia.

Tungsten oxide (WO₃), a compound containing the metals tungsten and oxygen, has gained widespread attention for its antibacterial properties, which could be a potential innovative leap forward in addressing antibiotic resistance and, in turn, advancing medicine and healthcare globally.

Reutte, Austria-based Plansee Group has signed a definitive agreement to acquire Mi-Tech Tungsten Metals, Indianapolis, Indiana, U.S.A. Founded in 1978, Mi-Tech Tungsten is now considered one of the leading suppliers of tungsten-based products in the United States. The company employs nearly 100 people and produces high-precision, ready-to-use tungsten composite products and components for a variety of industries including energy, engineering, and aerospace.

iTech Minerals has released historical drill results from the last batch of resampling at its Ethiopia property, revealing additional rare earth element potential at its Eyre Peninsula kaolin project in South Australia.