India has figured out a new way to obtain some rare earths - systematic scrapping old cars. Prime Minister Narendra Modi last Friday announced a vehicle scrapping policy aimed at keeping junkers away from Indian roads, and reducing pollution is the main goal of the new effort.

The latest analysis results of the exploration and drilling of the Australian Bauxite Company's Tasmanian rare earths project showing the main increment in the range and thickness of rare earth enrichment in the bauxite project. The new mineralization zone appears to be developing to the northeast, northwest, and south.

EMX Royalty Corporation recently announced that it had reached an agreement on August 16, 2021 to acquire a 0.418% effective Net Smelter Return royalty for US$34.1 million in cash on the Caserones Copper-Molybdenum Mine located in northern Chile.

Due to the semiconductor chip crisis, West Virginia has a rare opportunity in rare earth minerals during the pandemic. During the pandemic last year, the demand for chips that power computers, phones, and other consumer electronics products increased sharply. Chips are transferred to meet demand.

The mining strikes at the Caserones mine of JX Nippon in Chile and the Andina mine of Codelco may affect the molybdenum supply and increase upward pressure on European molybdenum prices. Considering that the supply of oxide and ferromolybdenum is already tight, it is generally expected that end-user demand will start to increase in September.

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and concentrate prices are unchanged from the previous trading day on August 17, 2021 due in part to quiet market and increased supply of raw materials. 

Rare earth price in China continues to edge lower on August 18, 2021. The price of neodymium oxide has dropped by about 10,000 yuan/ton, praseodymium neodymium oxide has dropped by about 3,000 yuan/ton, and terbium oxide drop by about 50 yuan/kg.

China’s ferro molybdenum, molybdenum powder and tungsten concentrate prices continue to rise on August 18, 2021 with the support of rising prices and quantity of steel tenders. 

According to CNBC reports, Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries such as China that want to mine in the country must comply with international terms.

Vital Metals, listed on the Australian Stock Exchange, has signed a binding terms sheet with Quebec Precious Metals (QPM) to acquire 68% interest of QPM's Kipawa heavy rare earth project in Quebec and 100% interest in the Zeus exploration project in Quebec, Canada.