The Democratic Republic of Congo has established a Tenke Fungurume Mine Reserve and Financing Cost Verification Committee to ensure that China Molybdenum Co Ltd. (CMOC) fulfills its contractual obligations related to the Tenke Fungurume copper and cobalt project.

Emerging Tasmanian tungsten producer King Island Scheelite will address potential shipping delays and rising freight rates by increasing orders for the long-term operations required by its processing plants. King Island will promise to pay a deposit in advance to ensure that it obtains key equipment to meet its development and production plans.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remains stable on August 23, 2021 due to lukewarm demand and quiet market. Some suppliers are considering profit-taking while most buyers remain cautious. 

Companies all over the world are preparing space mining for minerals including rare earths and tungsten. One day, the moon and all other planets, moons, and asteroids in the solar system can be mined to obtain resources to meet the ever-increasing demands of the earth.

In recent years, dual-mode light-emitting multifunctional materials have attracted much attention due to their potential applications in the fields of anti-counterfeiting, display, solid-state lasers, solar cells, light-emitting diodes, and biomedicine. Among them, rare earth-doped dual-mode luminescent materials generate emission light from ultraviolet, visible to near-infrared due to the abundant electronic transition energy levels of rare earth ions, which have attracted great interest from scholars at home and abroad.

Medallion Resources Ltd. is pleased to announce that Daniel Mamadou and Gabriel Alonso-Mendoza have joined the board of directors. They are long-term active participants and investors in the rare earth element industry. Their joining has brought rich business and financial resources to the Medallion team.

Analysis of latest tungsten market from Chinatungsten Online

The premium that China’s ammonium paratungstate (APT) spot price typically holds over long-term contract prices has disappeared in the week ended on Friday, August 20, 2021 as domestic tungsten market was in a stalemate. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to decline in the week began on Monday August 23, 2021 as the market has prices but no sales. 

Molybdenum market quotation in China: molybdenum concentrate, molybdenum power and bar prices rise slightly on August 23, 2021 affected by tightening availability of raw materials. 

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten bar and tungsten carbide powder prices remain stable but firm on August 19, 2021 supported by strong cost despite of lukewarm demand at home and abroad.