Mount Ridley Mines wholly owns the Mount Ridley project near Esperance, Western Australia. By reanalyzing its historical drilling data, it announced a wide range of rare earths mineralization, which is impressive for a length of 25 kilometers.

USA Rare Earth LLC is the operator and owner of 80% of the Round Top Mountain Heavy Rare Earth, Lithium and Other Critical Mineral Project in Hudspeth County, Texas, and its joint venture partner Texas Mineral Resources Corp recently announced the significant progress at Round Top project and it’s Rare Earth & Critical Minerals Processing Facility in Wheat Ridge, Colorado.

In remote mountainous areas of Kachin State, rare earth elements (REEs) are being illegally mined, which contain seemingly toxic chemicals and lead to the environmental destruction. REEs are used in everything from wind turbine generators to TV screens.

Rainbow Rare Earths Ltd recently announced that its preliminary economic assessment (PEA) work for the Phalaborwa Project in South Africa has been launched.

Analysis of latest tungsten market from Chinatungsten Online

China’s tungsten concentrate price continues to strengthen amid tight supply from mining companies. The price increases for the raw material have also triggered higher offers for ammonium paratungstate (APT) but downstream tungsten powder and alloy consumers are resisting them amid weak economic conditions, resulting in a stalemate.

China’s domestic rare earth price fluctuated within a reasonable range as a whole in the week ended on Friday, August 13, 2021. Buyers and sellers were deadlocked, resulting in a general buying and selling atmosphere on the market.

China molybdenum price remained strong in the week ended on Friday, August 13, 2021. With the lack of stocks of molybdenum concentrates and molybdenum oxide, holders are reluctant to sell. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ammonium paratungstate (APT) and ferro tungsten prices maintain stability in the middle of August with new bid prices for early this month gradually to be released. Now participants remain low buying appetite and trading is limited. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and concentrate prices continue to keep firm despite of deadlocked supply and demand in the market. With the impact of strict environmental checks and natural disaster such as typhoon and flood, raw material output decreases, supporting the tungsten market. 

There is no significant fluctuation in China’s domestic rare earth prices as a whole on August 11, 2021. Under the influence of many uncertain factors around the world, the agreement between buyers and sellers is not high, resulting in limited spot transactions.