China’s domestic rare earth market as a whole has stopped falling and started to stabilize in early September, 2021. Since mid-August, the prices of many rare earth products have shown a downward trend. However, due to the limited support of production costs and spot positions, the continuous downward adjustment of product prices has been small.

China’s ferro molybdenum price declines slightly while molybdenum concentrate and ammonium molybdate prices remain unchanged on September 8, 2021 as the price game between buyers and sellers is fierce. 

ATAC Resources Co., Ltd. reported on September 2 that its trenching and other surface explorations have confirmed compelling porphyry copper-molybdenum-gold potential at Connaught, an exploration in western Yukon. The project is known for its high-grade silver-lead-gold veins, which usually also carry copper and zinc. Yukon is the smallest and westernmost of Canada's three territories.

To acquire the large copper-molybdenum porphyry project at Montana, USA of Boulder Property held by Westmount Resources, Peloton Minerals and Westmount have reached an agreement to acquire the privately held issued and outstanding shares of Westmount through Celerity Mineral Corporation, a wholly-owned subsidiary of Peloton.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten market remains stalemate in early September in the wake of stricter environmental checks and continued spread of epidemic. The cost keeps firm and supply is tightening while large-scale infrastructure and fiscal stimulus at home and abroad are expected to release new consumption potential. 

Analysis of latest tungsten market from Chinatungsten Online

The ammonium paratungstate (APT) and tungsten carbide powder prices keeps firm in the week ended on Friday September 3, 2021 with the support of high cost. However, as the market is in a stalemate and the demand side remains weak, market price mainly maintain stability and is expected to continue this trend.

At the beginning of the week, China’s domestic rare earth market as a whole maintained a weak operation. Under the condition of weak downstream demand, investors were more panicked, which caused some companies to lower their quotations. 

At the beginning of the week, China’s domestic molybdenum market generally showed a sideways market. Ferro molybdenum, molybdenum concentrate and molybdenum oxide prices decline slightly on September 6, 2021. 

Japan’s Nissan Motor Co Ltd is pleased to announce that the company has developed a new technology to halve the cost of rare earths recycling used in electric vehicle (EV) magneto motors.

RareX (REE) struck "significant primary rare earth mineralization" in its Cummins project in Western Australia (WA), and its early trading volume surged. At 11:45 AM Eastern Standard Time, the company's share price rose 9.69%, trading at 10.8 cents per share on the 2nd September. The company's market value is 47.74 million U.S. dollars.