Rare earth market quotation in China: europium oxide, neodymium oxide and dysprosium oxide prices remain weak on May 24, 2021 given the limited support of domestic and foreign favorable factors. 

Molybdenum market quotation in China: molybdenum oxide, ammonium molybdate and molybdenum bar prices keep firm on May 24, 2021 owing to active trading in the market. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price keeps stable on May 20, 2021 as participants hold cautious sentiment and buyers remain low buying appetite. Now raw material suppliers do not adjust their offers, waiting for new round of guide prices for the second half of this month. 

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price is unchanged from the previous trading day on May 19, 2021 as the market is in a stalemate. Under rapid recovery of China’s economy and the increase in global inflation expectations, most of insiders are positive about the raw material market. 

Rare earth market quotation in China: terbium oxide, praseodymium neodymium oxide and praseodymium neodymium metal prices continue to decline on May 20, 2021 under many uncertainties in the market at home and abroad. 

China’s domestic molybdenum price is in an upward trend on May 20, 2021 when sellers raised their offers. At present, mainstream molybdenum concentrate price is about RMB 1,880/ton, ferromolybdenum price is RMB 127,000/ton, and molybdenum oxide price is RMB 1,990/ton.

The US Republican Senator Marco Rubio and Republican Congressman David McKinley along with 12 other lawmakers, are urging the Biden administration to develop domestic metallurgical capabilities for the separation and processing of rare earths to end America's reliance on China for these critical elements supply chain.

MP Materials Corp., the largest rare earth material producer in the Western Hemisphere recently announced its First Quarter (Q1) results in 2021. The Company owns and operates the Mountain Pass Mine and Processing Facility, which is the only rare-earth mining and processing site of scale in the Western Hemisphere and produced nearly 15% of the rare-earth content consumed in the global market in 2020.

American Resources Corporation, a next generation and socially responsible supplier of raw materials to the new infrastructure and electrification marketplace, plans to build a 2-kilowatt mobile electrolytic cell rare earth processing plant. The company said that this move is part of its rare earth element technology process chain commercialization plan utilizing the acquired technology and patents from Ohio University in addition to its partnership with sponsored research programs and Dr. Gerardine Botte.

Illegal rare earth mining on the China border multiply since the Burmese coup. The Irrawaddy wrote an article that Myanmar is China’s largest source of rare earths. Following the coup, environmental protection organizations exposed that the mining has increased at least five times in Pangwa and Chipwi townships amid Burmese political turmoil, with a rapid influx of China's workers.