Monumental Minerals Corp. has appointed an advisory board to assist in the exploration and drilling targeting of the Jemi Heavy Rare Earth Project, located in Coahuila, Mexico, approximately 40 kilometers south of the U.S. Texas border.

Mineral exploration company Frontier Resources has discovered rare earths mineralization after sampling its Gascoyne project in Western Australia, which is also near the world-class Yangibana rare earth mine. Assay results show peak levels of total rare earth oxides, or "TREO", including a combined 1,600 ppm of neodymium and praseodymium, elements critical to the production of magnets used in modern electric engines.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains unchanged in the week to Tuesday December 2 amid a quiet market. As the last month of 2021, the capital flow, stocking situation and the spread of Omicron variant received much attention.

This week, China’s domestic rare earth price showed mixed. At the beginning of the week, the prices of light and heavy mainstream products rose slightly due to the strong support of positive factors. However, as downstream users are more afraid of heights, the price of rare earths has risen slightly. There was even a slight decline.

China’s ferro molybdenum, molybdenum powder and oxide prices edged higher in the week ended on Friday, December 03, 2021 with trading volume increased as well. However, because the crude steel production limit policy is still strict and the liquidity is tight, most downstream users dare not blindly take goods, resulting in insufficient motivation for the price of molybdenum to rise sharply.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten powder and tungsten bar prices keep weak on December 1, 2021. On the on the hand, supply and demand are both weak; on the other hand, Omicron variant brings new challenges for the whole tungsten industry. 

Due to its strong heat conductivity, very higher melting and boiling point and low vapor pressure, minimal physical erosion rate, and low tritium retention, tungsten is a promising material for plasma-facing applications in fusion reactors. Ultra-thick tungsten coatings host significant applications in fusion armor.

Gekko Systems says it has signed a construction contract with Group 6 Metals Limited for the design, procurement, construction, and commissioning of a tungsten ore processing plant and associated facilities for the redevelopment of G6M's 100% owned Dolphin Mine on King Island, Tasmania.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium metatungstate (APT) and tungsten carbide powder prices in the Chinese market remain weak adjustment in late November, 2021 with the impact of cautious sentiment of participants owing to the continued spread of Covid-19 in the world. 

China’s domestic rare earth price fluctuated within a reasonable range as a whole in the first trading day in December, 2021. Affected by many uncertain factors, the price increase of products such as neodymium praseodymium and terbium dysprosium has slowed down, but the transaction is fair.