NioCorp Development Ltd. announces the results of rare earths analysis completed on drill core samples from the Elk Creek project, obtained through an agreement with the University of Nebraska Conservation and Survey Division (CSD).

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices are in the steady upward trend on December 21, 2021 when the new guide prices for the second half of this moth increase slightly as expected, supporting market confidence to some extent.

China’s praseodymium neodymium oxide and metal prices decline slightly while neodymium oxide price remains unchanged on December 22, 2021. Under the influence of factors such as tight raw material supply, general downstream demand, and the continuous emergence of favorable policies, the price game between buyers and sellers is fierce, which makes the transaction less than expected.

China’s ferro molybdenum, molybdenum concentrate and oxide prices edge higher on December 22, 2021. In the context of low raw material inventories and acceptable steel tender prices, many suppliers are reluctant to sell and have a strong rised sentiment. Most insiders have greater expectations for the market outlook.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable at the beginning of the week despite some raw material suppliers try to raise their offers. Downstream enterprises are not active in stocking up at the end of the year and the whole market is caught in wait-and-see atmosphere. 

White Cliff Minerals Lt has initiated its first lithium and rare earth exploration campaign at its Yinnetharra project, located approximately 100 kilometers northeast of Gascoyne Junction, Western Australia. The helicopter-supported field campaign is part of the company's plan to aggressively advance its recently developed battery metals portfolio, which could grow to include nearly a dozen projects.

Australian Prime Minister Scott Morrison recently hosted South Korean President Moon Jae-in, while Mr. Moon met with several key Australian executives, as well as companies such as Strategic Materials Australia, a New South Wales rare earths miner that is building a $50 million ($70 million) plant in South Korea to produce metals for use in magnets.

General Motors Corporation (GM) and MP Materials recently announced a strategic partnership to develop a fully integrated US rare earth magnets supply chain. Under the long-term agreement, MP will supply U.S.-sourced and manufactured rare earth materials, alloys, and finished magnets for electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV, and a dozen models using GM's Ultium platform, with production scaling up over time starting in 2023.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable on the whole in the week ended on Friday, December 17, 2021 as the raw material market had strong rised mentality and the outflow of low-level resources had also reduced. Now most insiders mainly pay attention to the new bid prices from listed tungsten companies. 

Rare earth market quotation in China: terbium oxide and dysprosium oxide prices edge lower while praseodymium oxide price remains unchanged in the beginning of the week.