Both the Kipawa Project and the Zeus Project are heavy rare earth projects, and Vital Metals Limited ("VML"), a rare earth producer, will acquire the Kipawa Exploration Project and the Zeus Exploration Project in North America.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continue to remain stable at the beginning of the week as the market is in a stalemate. Raw material suppliers have strong rised mentality while buyers take a watchful stance, waiting for further guidance from the market.

US House bill introduced legislation last Tuesday to extend tax credits to domestic companies that produce rare earth magnets, an industry sector currently dominated by China.

Google and other companies in the computer field have been secretly trying to recover hard drives with the help of two rare earth magnets. As Grist reported, the shortage of rare earth metals in the future and the environmental damage caused by rare earth mining have prompted technology companies to test whether they can be replaced by hard disk drives.

The Queensland government has invested A$1 million in a joint study with the Institute of Sustainable Minerals of the University of Queensland to investigate the use of local plants to extract rare earths.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten price remained stable in the week ended on Friday, August 13, 2021 due to continued deadlocked supply and demand in the market. Raw material suppliers considered profit-taking while downstream buyers gradually stabilized their consumption. 

At the beginning of the week, China’s overall domestic rare earth market was quiet on August 16, 2021. Under the mutual competition between upstream and downstream enterprises, the prices of neodymium praseodymium and terbium dysprosium products fluctuated, and the transaction performance was not good.

At the beginning of the week, China molybdenum price was still operating at a high level on August 16, 2021. The international molybdenum oxide prices rose sharply, domestic molybdenum concentrate stocks were low, and the demand for steel was stable, which to a large extent supported molybdenum chemical companies' confidence in their quotations.

The global molybdenum disilicide heating element market report provides an in-depth analysis of top players, geography, end-users, applications, competitor analysis, revenue, price, gross profit margin, market share, import and export data, trends, and forecasts. In addition to manufacturing processes and cost structures, the report also provides comprehensive insights into development policies and plans.

According to Reuters, China Molybdenum (CMOC) plans to invest US$2.51 billion to further increase its production at the Tenke Fungurume mine in the Democratic Republic of Congo (DRC).