China rare earth market as a whole shows a mixed pattern on June 24, 2021. Under the circumstance that downstream users are not very motivated to receive goods, the prices of some mainstream products have declined. 

Molybdenum market quotation in China: molybdenum powder and bar prices continue to rise while molybdenum concentrate price is unchanged on June 24, 2021. 

Analysis of latest tungsten market from Chinatungsten Online

A new round of guide pries for the second half of June were raised slightly by stated-own tungsten enterprises and associations in China, which shored up market confidence to some extent. 

Rare earth market quotation in China: lanthanum oxide and dysprosium oxide prices continue to decline while praseodymium oxide price remains unchanged on June 23, 2021. 

China molybdenum price is in a high level on the whole in June, 2021. Although overseas molybdenum prices have fallen slightly, due to the increase in international molybdenum market transactions and active bidding for steel companies, holders still maintain strong quotations. 

The White House released a report aiming to curb the United States' dependence on China's rare earths and chips, and plans to strengthen the country’s vital supply chains. According to a report released by the White House, the United States will cooperate with countries participating in the Quartet Security Dialogue and G7 countries (the United States, United Kingdom, France, Germany, Japan, Italy, and Canada) to resolve semiconductor and other issues.

Imperial Mining Group Ltd. announces that the company has developed a high-recovery extraction process for scandium (Sc) and rare earth elements (REE) from the mineralization in its Crater Lake as part of its current Phase 3 Hydrometallurgical Development Program. The company said that the results of this work show that Sc and REE have high recovery rates of all mineralization types defined in diamond drilling.

Medallion Resources Ltd., a Vancouver-based company, is pleased to announce its successful separation and purification of the magnetic rare-earth elements (REEs) neodymium (Nd) and praseodymium (Pr), from US-sourced mineral sand monazite. This is a significant milestone for the company and highlights the value-add opportunity created by the recent exclusive licensing of the Ligand Assisted Displacement (LAD) Chromatography method and underlying patents from Purdue University

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price maintained stability on June 21, 2021, but with the increase in new bid prices from listed tungsten companies for the second half of this month, market confidence was shored up. 

Rare earths are in the center of the competition between China, the US, and Europe. It has been reported that our country has turned its attention to key rare earth materials used in advanced weapons such as American F-35 fighter jets and considered the possibility of curbing exports.