European automakers are discussing with an Australian mining company to source elements that help power electric vehicles from outside China, and China dominates the global supply of rare earth metals.

American Rare Earths Ltd. is in a strong position at the end of fiscal 2021 and is well-funded to continue to drive production at its flagship La Paz project in Arizona and build its growing rare earths scale.

EQ Resources has completed the remodeling of its Mt Carbine tungsten resource in remote northern Queensland, resulting in a much higher grade ore block than the historical mined resource and a reduction in tonnes to be recovered from the Andy White pit.

Aim-listed Rainbow Rare Earths has entered into an exclusive intellectual property license agreement with Lakeland, Florida-based K-Technologies Corporation (K-Tech) for the use of its rare earth separation technology in Southern African Development Community (SADC) region.

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) price increases slightly on September 29, 2021 pushed up by tight supply of raw materials under the policy of dual control of capacity consumption. 

China’s domestic rare earth price fluctuated within a reasonable range in the last trading week in September, 2021. Affected by the increased market uncertainty this month, the upstream and downstream enterprises of the industry chain entered the market very cautiously, resulting in low market activity and no increase in spot transactions.

China’s domestic molybdenum price declines slightly in the last trading day in September in the wake of tight electricity consumption in many regions, increased supervision of the molybdenum industry, and concentrated suspension of production and maintenance by steel companies. 

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China start to show sign of rise on September 28, 2021 as the epidemic and dual control of energy consumption have caused the cost of raw materials, packaging, labor, and freight to rise, stimulating the passive upward adjustment of product prices. 

China rare earth market mixes on September 29, 2021 affected by dual control of energy consumption, the holiday of the National Day, floods, multiple rebounds of the global epidemic, and greater geopolitical risks in various countries. 

China molybdenum market remains weak adjustment on September 29, 2021. Under the gradual increase in uncertain factors, buyers and sellers are cautious, causing the consumer market gradually shifting from a seller's market to a buyer's market.