ASX-listed Ionic Rare Earths Limited (IonicRE) has entered into a binding term sheet to acquire a UK-based rare earth separation technology company called Seren Technologies (SerenTech).

General Motors (GM) has locked in a domestic source of rare earth minerals, alloys, and finished magnets for its upcoming line of electric vehicles, including the GMC Hummer EC, Cadillac Lyriq, and Chevrolet Silverado EV, through two partnerships with MP Materials and with Germany's Vacuumschmelze (VAC). This will allow them to build two new facilities in the US to enhance domestic production of rare earth magnet production.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price increases slightly on the whole in the first trading day on December 13, 2021 with the strong support of cost. At the end of the year, the market tends to stabilize considering capital shortage, limited supply and continued weakness in the demand side. 

Recently, China merged its mining assets to create a rare earth mining giant. Earlier this year, foreign media reported that the Chinese government would issue a ban on rare earth exports. At this stage, the country appears to be tightening state controls on rare earth production.

According to the Global Times, rare earth exports from Myanmar to China resumed after the reopening of the China-Myanmar border crossing at the end of November, which analysts say may ease the price of rare earths, although in the long run the price may rise due to Chinese focus on carbon emissions reduction.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price tended to stabilize after a slight increase in early the week began on Monday Dec. 6, 2021. With the impact of negative bid prices released by state-owned tungsten companies, participants became cautious. 

At the beginning of the week, China’s overall domestic rare earth market has not changed significantly. Under the situation that the supply of raw materials is increasing at a moderate rate, the new energy market is developing well and there are more favorable policies, the holders are firm and have a strong sense of quotation, and they are unwilling to sell at a profit. 

At the beginning of the week, China’s domestic molybdenum prices fluctuated within a reasonable range as a whole. With the gradual increase in negative factors, buyers and sellers entered the market and wait-and-see sentiment increased, which hindered the general transaction and the price of molybdenum from rising again. 

A rare-earth elements separation technology for separation has been licensed to Marshallton Research Laboratories, a North Carolina-based manufacturer of organic chemicals serving a range of industries.

Hochschild Mining's rare earths spin-off, Aclara Resources, will begin trading in Toronto under the symbol "ARA" after receiving C$123.5 million (US$96.4 million) in funding for its initial public offering.