Australia's Northern Territory (NT) Government owns rare earth and tungsten mine projects, announced on February 5 that it plans to prohibit seabed mining in the area to obtain rare earth and other minerals.

The large-scale Songjiagou molybdenum deposit is located 342 degrees northwest of Luonan County, 31.5 kilometers away from Luonan County, and the deposit is in Huanglongpu Village, Shimen Town, Luonan County in Shaanxi Province. The deposit was discovered after more than 10 years of geological exploration in 2000 later.

The sole tungsten miner in Uganda has filed a claim against the International Tin Association (ITA) over alleged anti-competitive behavior, a claim summary published by Britain’s Competition and Appeal Tribunal shows.

The tungsten diselenide (WSe₂) layer helps to successfully turn on and off nanolight. The new research proposed a carrier photoexcited gas confined to the layered van der Waals semiconductor WSe₂ plane, and the resulting hyperbolic reaction allows nanolight to pass through.

Australia funds10 million Australian dollars for tungsten mine in breaking China's near-monopoly on the critical minerals required to build weapons, electric vehicles and fighter jets, with $10 million in government funding to reopen a tungsten mine on King Island. The Tasmanian government will provide the 10-year loan to ASX-listed King Island Scheelite and talks are under way to secure an additional $15 million in federal government support.

American Resources Corporation has acquired Hasler Ventures LLC, which holds rare earth element innovations developed by Purdue University in Indiana. According to foreign media. These innovations are environmentally safer methods of critical material separation and purification using ligand-assisted chromatography for coal, coal byproducts, recycled permanent magnets and lithium batteries.

China rare earth price was stable on the whole in the week ended on Friday February 5, 2021. Under the influence of upcoming Spring Festival holiday and continued spread of coronavirus, logistics companies in some regions have suspended operations, which has accelerated more rare earth smelting and separation companies to enter the vacation mode ahead of schedule. Therefore, market inquiry reclined and price rise was slow. 

China molybdenum price moved up slightly in the week ended on Friday February 5, 2021 thanks to the upward adjustment of international molybdenum prices. 

Analysis of latest tungsten market from Chinatungsten Online

Ferro tungsten and tungsten powder prices in China are in the upward trend in early February due to tightening availability of spot resources. Affected by heavy holiday atmosphere of Spring Festival, the market becomes quiet, but raw materials have good expectations for the outlook. 

Since the global military and high-tech industries have to rely on rare earth as raw materials for production, China, which holds a large number of rare earth deposits, has a relative advantage in negotiations. Recently, it has been reported that a large rare earth deposit has been discovered in Norway, and the estimated reserves are as high as 80 billion tons. This could make the EU less dependent on China and Russia and boost the bloc's energy transition.