Rare Earth Mining News

Commodity falls and fears for stress tests see FTSE decline

Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points.

REE stocks fall back to earth as China raises export quotas

After surging last week, industry bellwether Molycorp led a slide in rare earth mining stocks with a 5% drop by early afternoon on Thursday on news China is raising REE export quotas for the second half of the year in reaction to a WTO ruling. The exact impact of the decision is not yet clear: the new quotas only bring 2011 exports in line with last year prompting the EU to call it "highly disappointing." And fresh data from Lynas Corporation, world no. 2 outside China, show the price of a basket of eight REEs jumping 140% in just over two months.

Texas Rare Earth Resources Corp starts drilling at heavy Round Top Project

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

Critical minerals and materials

In this article I am going to take a look at three reports covering what the US and Europe consider critical or strategic minerals and materials.

China must resume stable rare earth exports: UN

Daily Yomiuri Online reported that the World Trade Organization says China must eliminate rare earth export restrictions. Continue reading...

Elissa expands land position at Thor Rare Earth Project, Nevada

Elissa Resources Ltd. reports that it has increased its land holdings in the vicinity of its Thor heavy and light rare earth (REE) project. The Thor project is located in the eastern Mojave Desert region of Nevada, 47 miles (76 km) south of Las Vegas and 16 miles (28km) east of Molycorp Minerals’ Mountain Pass REE mine and processing facility in the neighbouring state of California.

Frontier Rare Earths provides an update on its Zandkopsdrift Rare Earth Element Project in South Africa

Frontier Rare Earths Limited is pleased to provide an update on the progress of the exploration, evaluation and development activities at its Zandkopsdrift rare earth element project in South Africa.

Underwater rare earths likely a pipe dream

Reuters reported that an underwater bonanza of rare earth deposits discovered by Japanese scientists poses little threat to miners already developing major rare earth projects on solid ground. Analysts said that companies such as Molycorp, Lynas and

GTSO: Chinese Rare Earths Output Ratio to Decrease Sharply

Chinese Official Reports Output will Fall to 60% of Global Supply SAN JOSE, Calif.--(BUSINESS WIRE)--As Green Technology Solutions, Inc. and others work to develop new sources of rare earths outside of China, Wang Caifeng, a former official at China’s

Does a Rare Earth Trade Dispute Loom?

In an exclusive interview with Rare Earth Investing News, Christopher Ecclestone mining strategist for Hallgarten and Co, shares some insight on the future trade disputes with China and the effect on rare earth mining firms.

Lynas, Siemens Form Rare Earths Joint Venture Pact

Bloomberg reported that Lynas Corp (ASX:LYC) and Siemens (ETR:SIE) have formed a joint venture in rare earth supply.

Paper Says China Has Legal, Moral Right to Curb Rare Earth Exports

Reuters reported that some Chinese media say China is within its rights to cap exports of rare earths.

Investors pile back into rare earth stocks

Stocks in heavyweight rare earth miners soared on Thursday with Molycorp adding 2.5% after trading up over 4% earlier and Lynas Corp wiping out losses it suffered on delays at its Malaysian refinery, gaining 4% on huge volumes. REE stocks are usually volatile but investors digested a lot of news this week: first there was the discovery of massive marine rare earth deposits which was quickly followed by deep scepticism, then the WTO ruled China’s export restrictions violate trade rules and now some analysts believe of the 150 listed REE projects only five will ever enter production.

Pacific Wildcat Resources Corp.: initial niobium resource estimate for Mrima Hill exceeds 1.5 billion pounds

Pacific Wildcat Resources announced the initial NI 43-101 compliant independent Niobium mineral resource estimate report for the Mrima Hill Niobium and Rare Earth Project in Kenya. The Niobium mineral resource estimate is from surface down to a maximum depth of 30 metres with 83% of the mineral resource tonnes being found in the top 20 metres.

International Lithium updates Mavis Lake project

International Lithium Corp.'s update on a Canadian rare earth metals project. Surface exploration on the Mavis Lake rare metals’ project, located 15 km Northeast of Dryden, Ontario, revealed high-grade well-evolved lithium and tantalum zonation as well as significant levels of cesium and rubidium across multiple pegmatite bodies.

Common politics muddy waters in rare earth discovery

The economics of extracting minerals from sand more than two miles underwater are unlikely to lend themselves to exploitation of the resource in the foreseeable future. The rare earths industry is, relative to other minerals, very small, and the capital investment required to develop the Pacific floor deposits would be huge, Gareth Hatch, founding principal at Technology Metals Research tells CNBC.com.

Deep sea mud is rich in rare earth elements

A team of Japanese scientists have found large quantities of rare earth minerals on the bottom of the Pacific Ocean. In a Nature Geoscience article published on Monday, the team said that it looked at 78 sites throughout the eastern South and central North Pacific ranging in depths of 3,500 to 6,000 metres. “We estimate that an area of just one square kilometre, surrounding one of the sampling sites, could provide one-fifth of the current annual world consumption of these elements”

Cavan provides update on proposed financing

Cavan Ventures Inc. ("Cavan" or the "Company") (TSX VENTURE:CVN) announced today that due to challenging market conditions, it has restructured its previously announced proposed financing. Under the restructured financing, Cavan intends to carry out a […]

Prices to spiral as top Chinese rare earth producers sign far-reaching pact

The China Post reports two of China's largest rare earths producers Rising Nonferrous Metals Share Co. and Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-tech Co. — the listed arms of state-owned companies — said they signed a deal this week to cooperate extensively in the sector. China’s tightening grip on the market became clear last week when Hong Kong customs data showed rare earth ores, metals and compounds exports fell 11% over a single month while at the same time the value of exports surged 242%. News out on Friday of safety delays for a rare earth refinery in Malaysia that would have supplied some 39% of the elements outside China is expected to put further pressure on prices.

Lynas Corp sinks as Malaysia orders rare earth plant safety review

Australia's Lynas Corporation lost more than 11% of its value on Friday after it emerged the company's Malaysian rare-earth refinery may be delayed by a government review that called for higher safety standards, further limiting supply of rare earths. Once in operation, the Lynas project could account for more than a third of the world’s supply outside of China. China in recent months closed or consolidated more than 35 rare earth mines and cut export quotas sparking concerns in the US and other industrial nations about access to supplies and causing a frenzy of exploration and development activity.

Matamec announces 63,850 tonnes of indicated and 17,780 tonnes of inferred TREO at Kipawa

Matamec Explorations Inc. (TSX VENTURE:MAT) has an updated resource for the Kipawa Deposit. The indicated resources represent 76% of the total resources in the rare earths-enriched zones. The Kipawa Deposit's resources of total rare earth oxide (TREO) in the rare earths-enriched zones now stand at 63,850 tonnes in the indicated category and 17,780 tonnes in the inferred category with a cut-off of 0.3% TREOs (see the resource update sections). The heavy rare earth oxides and yttrium combine for an average of 36% of TREOs totaling 22,940 tonnes of indicated and 6,300 tonnes of inferred HREO+Y2O3.

Number one Japanese rare earths magnetic alloy manufacturer moves production to China

Japan's Showa Denko KK will transfer some production of high-performance magnetic alloys used in hybrid vehicle motors to China this month, the Nikkei business daily said.

Jim Powell: Meeting the critical metals demand

Is there a clear path to meeting growing global critical metals demand? An important first step, according to Laurentian Bank Securities' Technology and Strategic Metals Analyst Jim Powell, would be to establish supply sources that aren't concentrated in a single country—particularly one that isn't inclined to share its resources with the rest of the world. In this exclusive interview with The Critical Metals Report, Jim points out some potential plays to look for while the landscape is changing.

GeoMega says drill results confirm Montviel as world class neodymium resource

Montreal-based GeoMega announced the results from its Phase I diamond drilling program conducted on the Montviel property in Abitibi, Québec and said these latest results confirm that it is one of the world's most significantknown deposits of neodymium that can be developed quickly given the excellent local infrastructure such as road access, nearby hydroelectric services and rail.

China’s massive appetite for commodities sparks concern

China’s massive appetite for commodities is creating concerns for the global economy, the environment and workers in other countries. In a series of reports, VOA is looking at the economic power modern China wields. Chinese government and company officials are signing agreements at a dizzying pace around the world, including in places where few other foreigners invest.