At the beginning of the week, China’s domestic rare earth market as a whole maintained a sideways trend. Under the influence of many uncertain factors, both the supply and demand sides had different sentiments when entering the market. Downstream users were more afraid of high prices, while suppliers were less willing to reduce prices. 

At the beginning of the week, China’s overall domestic molybdenum market was flat. Prices of molybdenum powder, ferro molybdenum and molybdenum concentrate remain stable on August 9, 2021. 

The Nechalacho Rare Earth Mine held a commissioning ceremony for a sensor-based ore sorter in the Northwest Territories of Canada last week to celebrate the first production of the mine. Vital Metals Limited began production of rare earths at its Nechalacho project, 110 kilometers east of Yellowknife in early July.

American Resources Corporation, a socially responsible supplier of next-generation raw materials for the new infrastructure market, announced that it has appointed Jeff Peterson as a senior member to support the company's rare earth team. Mr. Peterson will focus on the deployment and commercialization of processing, separation and purification technology suites in the rare earth sector, as well as expanding the supply of key raw materials.

The Burundi government stated that it has suspended operations of several international rare earth mining companies. The main reason is that the country did not get the fair share of income from the mineral resources it owns.

Western electric car manufacturers are trying to reduce their reliance on China's rare earths. As tensions between China and other countries, including the United States, intensify, manufacturers worry that the supply of these metals may be restricted.

As European countries seek to reduce their dependence on rare earths, France's researchers have discovered a potentially powerful ally: bacteria that could help extract the element from slag heaps.

On July 26, Australia's Lynas, the world's largest producer and processor of rare earths, announced its record quarterly revenue, boosted by robust global demand of permanent magnets applied in power wind turbines and electric vehicles.

Brixton Metals (“Brixton”) delineates a promising future for the district-scale Thorn property, which has large-scale copper-gold-silver-molybdenum, and volcanic-sediment-hosted gold-silver targets. The mine is located approximately 55 miles (90 kilometers) northeast of Juneau, Alaska.

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and ammonium paratungstate (APT) prices keep unchanged on August 5, 2021. Affected by the epidemic, typhoons, and rainstorms, the supply of raw materials is relatively tight while downstream buyers remain low buying appetite.