Particularly rare earths, the European Union (EU) has launched an initiative that seeks to secure access to a total of 30 critical raw materials by increasing domestic production and promoting recycling of vital elements, according to the website Mining.com.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price remains stable in the second half of December. Some smelting factories start to stop production to undergo repair at the end of the year and downstream buyers replenish their stocks, but high-price transactions are hardly concluded and most market participants are cautious, waiting for new guide prices. 

Rare earth market quotation in China: terbium oxide and praseodymium neodymium oxide prices are still in the upward trend while terbium oxide price remains stable on December 23, 2020 as consumers restock raw materials at the end of the year. 

Molybdenum market quotation in China: ferro molybdenum, molybdenum oxide and molybdenum powder prices are unchanged from the previous trading day under relatively active steel tenders. However, transactions are still hard to be concluded and prices are hard to rise.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and tungsten powder prices in China remain strong with the impact of increased new average tungsten forecast prices for the second half of December. 

Carbon neutral refers to the use of afforestation, energy saving and emission reduction to offset the carbon dioxide emissions generated by itself and achieve "zero emissions" of carbon dioxide. Carbon neutral is a solution proposed in response to global warming.

The goal of British Pensana Rare Earth is to develop a rare earth material processing plant to create a sustainable magnet supply chain. Pensana said the company intends to build the plant in the Saltend Chemical Park in Yorkshire to meet the soaring demand for magnets in the offshore wind and electric vehicle industries and reduce its dependence on China.

First Quantum Minerals has expanded its copper reserve base following results of an updated NI 43-101 technical report for its Taca Taca project. Taca Taca is a copper, gold, and molybdenum project situated in the Puna (Altiplano) region of Salta province, Argentina.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price showed good momentum in the week ended on Friday December 18, 2020 as insiders have good expect for the market outlook despite of limited transactions. 

China rare earth price is mixed at the beginning of the week on December 21, 2020 after a continuous price increase. Terbium oxide and neodymium oxide prices edge higher and praseodymium oxide price keeps stable.