Rare earth market quotation in China: terbium oxide, neodymium oxide and praseodymium neodymium metal prices are in the upward trend in the week began on Monday November 23, 2020 due to increased trading activity. 

Molybdenum market quotation in China: the molybdenum oxide, ferro molybdenum and molybdenum powder prices continue to remain stable early in this week under many uncertain factors at home and abroad. 

Tanzania is in the final stages of approving a right for the country’s first rare earths mine to Australian company Peak Resources Ltd - a mineral exploration company, which is focused on gold, base metal, and uranium prospects within Western Australia, as the government seeks a bigger share of the revenue from natural resources.

Luoyang’s unmanned molybdenum mine project was awarded second prize lately. The 3rd “Blooming Cup” 5G Application Pitch Competition was held recently. The "Luoyang Luanchuan Molybdenum Group Co., Ltd. Intelligent Unmanned Mine" project selected by China Molybdenum Group won the prize.

The report of “Critical metals for future sustainable technologies and their recycling potential” for the United Nations Environment Programme (UNEP) aims at sustainable development of technologies to use indium, germanium, tantalum, platinum group metals (especially ruthenium, platinum, palladium), tellurium, cobalt, lithium, gallium, rare earths (including 16 elements) and other "high-tech metals" are classified as "green rare metals".

Rare earth, cobalt, and lithium are included in China's Strategic Minerals Catalog. There are 24 types of strategic minerals listed in the "National Mineral Resources Planning (2016-2020)" of the former Ministry of Land and Resources. Energy minerals are petroleum, natural gas, shale gas, coal, coalbed methane, uranium; metal minerals Iron, chromium, copper, aluminum, gold, nickel, tungsten, tin, molybdenum, antimony, cobalt, lithium, rare earth, zirconium; non-metallic minerals phosphorus, potassium salt, crystalline graphite, fluorite.

Japan has designated 34 "rare metals" - including rare earths - as having the potential for stockpiling and currently holds reserves of seven - nickel, chrome, tungsten, cobalt, molybdenum, manganese and vanadium. The stocks can cover 60 days of the country's consumption, after including non-obligatory privately-held stocks equivalent to 18 days of consumption. The strategic reserves are defined as being the property of state-owned agency Jogmec and are managed by the agency in its storage bases.

The US Department of Energy reports 35 critical minerals to include 8 rare earth elements (lanthanum, cerium, praseodymium, neodymium, samarium, europium, terbium and dysprosium), and the elements such as tungsten, lithium, and cobalt, etc.

European Commission initiated the Critical raw materials (CRMs) of EU in 2010, the first list of CRMs listed 14 types of rare earth metals, platinum group metals, tungsten, antimony, gallium, germanium, beryllium, cobalt, magnesium, niobium, tantalum, indium, fluorite, and graphite. Significant minerals are identified as critical raw materials. Among them, rare earth metals include 17 metal elements, and platinum group metals include 6 metals, which are equivalent to 35 elements or minerals.

Analysis of latest tungsten market from Chinatungsten Online

China tungsten price continues to keep stable as downstream buyers remain cautious sentiment and the whole market trading seems quiet. Most market participants wait for further guidance from listed tungsten companies and associations.