USA Rare Earth and Texas Mineral Resources Corporation (OTCQB: TMRC) recently announced that USA Rare Earth has exercised its option to acquire 80% of rare earths, lithium, and other key minerals in the Round Top project in Hudspeth County, Texas. The option has been exercised in accordance with the terms of the amended and restated option agreement signed with Texas Mineral Resources (TMRC) in 2019.

Tungsten copper components help Chinese 'artificial sun' break the world record. China's Experimental Advanced Superconducting Tokamak (EAST) nuclear fusion experimental device, a major national scientific and technological infrastructure, has achieved a breakthrough, achieving a repeatable 101-second plasma operation of 120 million degrees Celsius and a 20-second plasma operation of 160 million degrees Celsius, creating a new world record.

The joint project between Japan Oil, Gas and Metals National Corporation (JOGMEC) and Namibia Critical Metals has made significant progress in the exploration of the heavy rare earth in the Lofdal Project according to the Mining Journal.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price kept table but firm in the week end on Friday, June 04, 2021 due to expectations for the yuan to continue strengthening against the dollar, even though overseas markets remained quiet.

Rare earth market quotation in China: DyFe, terbium oxide and neodymium oxide prices edge lower on June 7, 2021 as downstream buyers delayer their purchasing plans, suppliers lack of confidence and market transactions fail to meet market expectation. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum powder and molybdenum bar prices continue to climb early in this week began on Monday, June 07, 2021 boosted by sharp rise in international molybdenum price and raised domestic confidence. 

Analysis of latest tungsten market from Chinatungsten Online

China’s ferro tungsten and tungsten powder prices continue to maintain stability in the first half of June due to quiet trading activity and heavy wait-and-see atmosphere in the market. 

China rare earth price declined slightly on the whole in the week ended on Friday, June 04, 2021 owing to weak demand and low trading activity in the market. 

China molybdenum price was in the upward trend in the week ended on Friday, June 04, 2021. With the approaching of the weekend, most suppliers were willing to raise their offers. 

The mining minister, Robert Montague, misunderstood, or deliberately ambiguous in his response to this newspaper's question what value Jamaica should be, in the future, in its bauxite mines, considering that the emergence of obvious new rare earths technologies makes it commercially feasible to extract rare earth elements (REEs)from bauxite waste.