Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and bar prices continue to increase on January 6, 2022 as suppliers keep firm offers, boosting market confidence. Besides that, steel mills entered the market to bid for ferromolybdenum after the end of New Year's Day, which also greatly increased the market's trading enthusiasm.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price was in the upward trend in the last trading week in the year of 2021. First, due to the slight slowdown in the release of raw material production capacity at the end of the year, low-level resources in the market gradually decreased under the strong rised mentality of manufacturers; 

Rare earth market quotation in China: praseodymium oxide, neodymium oxide and praseodymium neodymium oxide prices continue to increase at the beginning of the year 2022. 

China molybdenum price maintains stability at the beginning of the year 2022 as participants just come back from the holiday of New Year’s Day and the market keeps quiet. 

Ucore Rare Metals Inc. is pleased to provide an update on the commercialization activities of its RapidSX technology for rare earth separation and purification at IMC's Commercialization and Development Facility in Kingston, Ontario, Canada., as well as the activities of its wholly-owned subsidiary, Innovation Metals Corp.

Vancouver-based Stuhini Exploration Ltd. has decided to renew its Ruby Creek molybdenum project agreement on the second anniversary of its option with Global Drilling Solutions Inc., based on positive geological results from its 2021 exploration work and the continuous increase in molybdenum prices over the past 17 months.

Many toys contain rare-earth magnets, and doctors warn that accidentally swallowing rare-earth magnets can cause serious injury. Rare earth magnets are magnets with powerful magnetic forces that can be fatal if swallowed. The U.S. Consumer Product Safety Commission limited the size of magnets back in 2012. However, a federal court ruling in 2016 reversed that decision.

China is the world's largest producer of rare earths, controlling over 80% of the world's rare earth production from lithium to silicon metal, and statistically, the world's largest economies from the US to the EU rely heavily on Chinese production to keep their electric vehicles running.

Baselode Energy Corp. recently reported on high-grade uranium and rare earth element mineralization at its Catharsis and Hook projects in the Athabasca Basin region of northern Saskatchewan.

General Motors (GM)' partnership with MP Materials will enable it to source domestically developed rare earth permanent magnets for the company's Ultium Drive electric motor. MP Materials director Randall Weisenburger has bought millions of dollars of the company's stock following a supply agreement with General Motors earlier this month, causing its share price to soar.