The Ministry of Industry and Information Technology has publicly solicited opinions on the 'Regulations on Rare Earth Management (Draft for Comments)', proposed that the state implement total quota management on rare earth mining, smelting and separation, implement strategic reserves of rare earth products.

Ionic Rare Earths Limited (IonicRE) collaborated with Aluminum Corporation of China (Chinalco) to sign a memorandum of understanding (MoU) for advancing the development of the Makuutu Rare Earths Project in Uganda. The MoU includes the potential for off-take agreements for rare earth products.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to keep firm on April 19, 2021 with the support from raw material suppliers’ strong rised mentality, despite downstream buyers remain low buying appetite. 

According to the arrangement of the Ministry of Ecology and Environment of China, the Fourth Ecological Environmental Protection Supervisory Group carry out inspection and stationing in Jiangxi province from April 7 to May 7. This inspection will expand the scope of Ganzhou rare earth companies' suspension of production.

The mining experts in Canada call for the establishment of a rare earth protection mechanism amid the fears of China's looting. China holds approximately 80% of the global strategic mineral processing and continues to control Canadian mineral resources, attracting the attention of Canadian mineral experts.

Parts of the research and development results of the China VI standard rare earth SCR catalysts for diesel vehicles of the Rare Earth Catalytic Materials Research Group of Baotou Research Institute of Rare Earth have passed the bench test certification of the National Automobile Quality Supervision and Inspection Center, Dongfang Commercial Vehicle and other third parties.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price remained stable in the week ended on Friday, April 16, 2021 benefiting from month-long environmental checks and strong rised mentality of raw material suppliers. Most participants took a watchful stance and trading was limited. 

Rare earth market quotation in China: terbium oxide, dysprosium oxide and praseodymium neodymium oxide prices continue to decline on April 19, 2021. Most companies prefer to carry out their long-term orders and thus new increased orders are limited. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum concentrate and molybdenum oxide prices remain stable on April 19, 2021 affected by the end of steel tenders last week. 

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten concentrate and ammonium metatungstate (APT) prices are on a similar upward trajectory in recent days with the support of tight supply of raw materials due to environmental protection checks in major tungsten producing areas.