The EU ferro-tungsten prices have jumped to the highest level since August 2018 after Russia outlined plans to impose a 15% tax on ferroalloy exports, a move that may reduce Russian competitiveness with China.

According to reports, researchers from the Georgia Institute of Technology have invented a concise process in the US. They could extract rare earths from fly ash without producing toxic substances with ionic liquids. In the paper published in Environmental Science & Technology, scientists explained that ionic liquids are environmentally friendly and reusable. In particular, betainium bisimide can selectively dissolve rare earth oxides but not other metal oxides.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price continues to be on an upward trajectory on July 15, 2021 affected by relatively tight supply and good market confidence. 

China’s domestic rare earth price mixed in the week ended on Friday July 16, 2021. Due to limited raw material production, slight increase in demand, and continuous emergence of favorable policy news, traders are more enthusiastic about entering the market than last week. However, due to insufficient support from bullish factors, transactions are hardly to be concluded. 

China’s domestic molybdenum market has maintained a stable and positive operation in the week ended on Friday, July 16, 2021. Affected by tight supply and increased demand, the seller's market has a greater advantage, which has prompted a slight increase in the price of molybdenum products. 

Analysis of latest tungsten market from Chinatungsten Online

Chinese ammonium paratungstate (APT) and tungsten powder prices continue to kept firm on July 14, 2021 as producers raised offer prices, in response to a rise in trading activity and firmer feedstock prices.

Rare earth market quotation in China: DyFe, terbium oxide and dysprosium oxide prices decline slightly on July 15, 2021. Industry insiders have different views on the market outlook - some have greater confidence in the future market growth while some are more worried.

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and powder prices are in the upward trend on July 15, 2021 under the influence of relatively tight supply of raw materials and increased trading activity. 

The Nantong Zhenghai High Performance Rare Earth Permanent Magnet R&D and production base, a subsidiary of Yantai Zhenghai Magnetic Material Co Ltd (ZHmag), held a groundbreaking ceremony in Rugao High-tech Industrial Development Zone.

Pensana has launched early-stage development of the rare earth processing center at the Saltend Chemicals Park in Humber, UK. As a member of China Mining Club, the company is the only large REE company listed on the London Stock Exchange.