Venture Minerals Limited has initiated an underground feasibility study at its Mount Lindsay Tin-Tungsten Project in Tasmania to further develop tin and tungsten resources.

General Motors (GM) and GE Renewable Energy announced on 6 October that they have signed the terms of a non-binding memorandum to evaluate opportunities to improve the supply of light and heavy rare earth materials and magnets, copper and electrical steel used in the manufacture of electric vehicles and clean energy devices.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten powder prices keep stable and firm on October 19, 2021 as increased energy costs support the strong raw material market despite of continued weakness in the demand side. 

Rare earth market quotation in China: terbium oxide and praseodymium oxide prices decline slightly while praseodymium neodymium oxide and metal prices rise on October 20, 2021. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum powder prices become weak on October 20, 2021. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept firm on October 18, 2021 as the global new energy is still severe. The whole tungsten market is in a stalemate with the cost side supporting suppliers’ offers and the demand side affecting the willingness of buyers to take the initiative to receive goods. 

Amerigo Resources Limited’s cost reduction and plant upgrades at Minera Valle Central (MVC) in Chile will result in higher-than-expected copper and molybdenum production in the third quarter.

ViaGold Rare Earths Resources, Inc. has seen the stock's 14-day RSI above 90 for the past three weeks, with prices moving higher amidst little news flow. From a low of 4.2 cents on 27 August, ViaGold shares closed at 72 cents on 8 October. The week beginning October 11 saw the stock rise a further 40%, even closing at $1 on Commsec.

A few days ago, Chinese autonomous transport technology major TAGE Idriver signed a cooperation agreement with Zijin Mining's Tibetan Dragon Copper Company Limited (also known as Tibetan Julong Copper) regarding the development of a driverless transport project at the Qulong open-pit copper-molybdenum mine, the world's highest large-scale commercial mine at 5,455 meters above sea level. For comparison, Everest Base Camp is 5,200 meters above sea level.

The latest assay results from Australia’s ABx Group's Deep Leads rare earths (or "REE") discovery in northern Tasmania prove that the mineralized zone extends over 3 kilometers. Importantly, the results from one drill hole set a record for the highest grade of total rare earth elements at Deep Leads, returning up to 3306 parts per million of total rare earth oxides or "TREO".