The VanEck Rare Earth/Strategic Metals ETF hit a new high for the year in 2021 as investors seek diversification and an influx of money into ETFs. The VanEck Rare Earths/Strategic Metals ETF (REMX) has been one of the best performing funds in its category over the past several months.

Government representatives from Saudi Arabia, Nigeria, and Kyrgyzstan told a mining and finance conference in London this week that they are seeking new investors to develop their mining GDP, including tungsten, molybdenum, and other mining industries. Both Saudi Arabia and Nigeria aim to use the mining sector to reduce their economic dependence on oil, they said, with plans for an auction program for mineral deposits in the near future and, in the case of Nigeria, next year.

Analysis of latest tungsten market from Chinatungsten Online

Ferro tungsten and tungsten carbide powder prices in the Chinese market maintain stability on December 9, 2021 as the market is caught in heavy wait-and-see atmosphere. 

This week, China’s rare earth market is generally uncertain on the whole. Under the intertwining of most favorable and unfavorable factors, the price game between buyers and sellers is fierce, and the bargaining space is limited. Therefore, the spot liquidity is low. 

China molybdenum price rebounded in the week ended on Friday, December 10, 2021 as traders’ confidence was boosted under the imbalanced relationship between supply and demand. 

Red Mountain Mining, Inc. has discovered rare earth mineralization at its Mt Mansbridge project in the Kimberley region of Western Australia. Rock chip sampling conducted by Red Mountain Mining during the current year at the Solo property confirmed the composition of xenon-dysprosium, including a 6-meter zone associated with silicate structures and hosted in more extensive quartz and quartz-mica tuffs and minor fine-grained gabbro.

ATAC Resources Ltd. announced exploration results from its copper and molybdenum mineralization discovery on the Connaught property in the Yukon, demonstrating the copper-molybdenum-gold porphyry potential of the property. This copper and molybdenum mineralized system shows the presence of porphyry, skarn, and hydrothermal mineralization in Yukon and Alaska.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten powder prices edge higher on December 8, 2021 despite of a slight decline in new guide prices for the second half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China’s Ganzhou Tungsten Association (GTA) and state-owned tungsten companies released their guide prices for the market, which shows a slight decline on the whole.

Rare earth market quotation in China: terbium oxide, praseodymium oxide and dysprosium oxide prices increase slightly on December 8, 2021. Under the influence of many uncertain factors, buyers and sellers have a fierce price game and do not give each other benefits, which hinders high-level transactions.