Essex Minerals Inc. is pleased to announce that initial exploration by the Company's technical team has outlined a very large copper-molybdenum (gold and silver bearing) porphyry target within the Mt Turner project area in northern Queensland, Australia.

Chinese diversified minerals producer China Molybdenum (CMOC) has reported an increase in cobalt production for the January to September period.

New research led by Sandia National Laboratories has found that citric acid, a harmless, food-grade solvent, can be used to extract highly sought-after rare earth metals from coal ash.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and tungsten bar prices remain weak adjustment in early November, 2021 due in part to less pressure of energy cost. As the demand does not improve, most participants hold cautious sentiment.

Molybdenum demand is on rising. As commodity prices have soared in global markets over the past 12 months, with lithium, gold, and iron ore taking center stage, one material has been quietly and steadily increasing in value: molybdenum.

Electric vehicles (EVs) mark the way to a greener future, but problems remain in the sourcing of some of these components or materials, such as rare earths. As the market for electric vehicles expands rapidly, so does the demand for components such as electric motors.

The Chinese government is to restructure three rare earths producers to create a state-owned company with a nearly 70 percent share of the domestic production quota for the metal, which is vital for making high-tech products. The move is aimed at accelerating the development of resource and processing technologies and strengthening Beijing's control over the mining industry in response to long-standing trade tensions with Washington.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and ferro tungsten powder prices continue to remain stable in early November, 2021 affected by the instability in the macroeconomic and trade environment, repeated epidemics, global inflation and energy shortages. 

Rare earth market quotation in China: europium oxide, lanthanum oxide and cerium oxide prices maintain stability while terbium oxide and praseodymium neodymium oxide prices are weak on November 3, 2021. 

Molybdenum market quotation in China: sodium molybdate, ammonium molybdate and ammonium heptamolvbdate prices continue to decline slightly on November 3, 2021. As the market faces many instabilities, both buyers and sellers remain cautious and are not willing to make a concession.