Mkango Resources Ltd. said it commenced the final phase of testing of a hydrometallurgical pilot plant at its Songwe Hill rare earths project in Malawi. The company said the testing was conducted at the Australian Nuclear Science and Technology Organization (ANSTO) in Australia after an extensive process development and optimization phase.

Energy Fuels recently announced the signing of a Memorandum of Understanding (MOU) with Nanoscale Powders LLC (NSP) to develop a novel technology for the production of rare earth elements (REEs). This rare earth manufacturing technology, initially developed by NSP and to be jointly advanced by the Company and NSP, has the potential to revolutionize the rare earth metals manufacturing industry by lowering production costs, reducing energy consumption, and significantly reducing greenhouse gas (GHG) emissions.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept firm in the week ended on Friday, December 24, 2021 while export prices for ammonium paratungstate (APT) rose on a strengthening domestic market boosted by expectations of an impending drop in the supply of raw materials.

Rare earth market quotation in China: lanthanum oxide, cerium oxide and praseodymium neodymium metal prices keep stable and strong on December 27, 2021. As the end of the year is approaching, due to the tight liquidity, although downstream users hesitate to purchase orders and make the transaction less than expected, it is still difficult to offset the confidence brought by the positive factors to the suppliers.

Molybdenum market quotation in China: molybdenum concentrate, molybdenum powder and ferro molybdenum prices are unchanged on December 27, 2021 from last week under the imbalanced supply and demand. 

Rare earth elements are used in all types of modern technology, including batteries for electric vehicles. General Motors (GM) will purchase rare earth magnets for use in electric cars. The automaker will invest in a battery cell development center in Michigan to reduce the cost of building electric vehicles.

Australian Strategic Materials Ltd (ASM) has signed a joint declaration of cooperation with Korea Mine Rehabilitation and Resources Corporation (KOMIR), formerly known as Korean Resources Corporation (KORES), to secure the supply of rare earths and critical minerals to Korea.

Perth-based exploration company Venus Metals Corporation (VMC) has confirmed that regional soil surveys in the Mangaroon North project area in the Gascoyne region of Western Australia have identified a range of rare earth elements (REEs), gold, and platinum group element (PGE) targets.

Rare Element Resources Ltd., the mineral exploration and development company behind the Bear Lodge mining project in northeastern Wyoming, announced that it has secured funding for its rare earth processing plant in Upton.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices remain stable at the end of the year as most participants keep cautious sentiment with the approaching of the holiday of New Year's Day.