The USA's largest rare earth producer Molycorp (NYSE:MCP) is mounting a credible challenge to Chinese rare earth dominance by dramatically scaling up output and potentially increasing its global market share to 30% from 4% at present.
Rare Earth Mining News
The company sold approximately 32.3 million units at $0.17 per share. Existing shareholders in Peak will be provided with the opportunity to subscribe for up to $15,000 worth of shares under a share purchase plan capped at $2.0 million.
The volume of rare earth minerals legally exported from China for the first half of 2012 plunged by 42.7% year-on-year to hit 4,908 tons according to statistics from China's customs authorities.
Police in the southern Chinese province of Guangdong announced on Tuesday that they have shut down nine rare earth mines operating illegally in Longchuan county over the past six months.
It's a complicated business, but Alex Knox has a simple recipe for successful rare earth mining. In this interview with The Critical Metals Report, Alex Knox of AWK Geological Consulting discusses some exciting projects with all the right ingredients.
The World Trade Organization will investigate China's quotas and tariffs on rare earth minerals following prompting from the US, EU and Japan, who allege the export restrictions are in contravention of international trade regulations.
"Matamec is the only rare earth exploration company to have received funds to accelerate and complete a feasibility study and an environmental and social impact assessment study of a HREE deposit."
The Chinese government has halved the number of rare earth mining rights in the country pulling 65 permits in all, according to a report by ChinaDaily USA.
Recent discoveries of rare earth minerals at the bottom of the Pacific Ocean could break China's existing stranglehold on supply of the key raw materials.
The exchange will be located in Baotou city in Inner Mongolia region, which is home to nearly half the world's light rare-earth output.
The company said 50kg of dysprosium with 99.9% purity was separated from resins remaining from past production runs at the former Soviet Union's number one rare earth plant.
Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening.
"Passage of this legislation is an important step toward recovering the 22,000 rare earth-related jobs the U.S. has lost since the 1980s.”
Equity investing is squarely in a risk-off phase and few sectors have been hit harder than junior mining.
New research released Monday indicates that listed mining and resources companies across the world are keen to comply with the UN’s Guiding Principles on Business and Human Rights, which were officially adopted one year ago, but must keep up the momentum in order to maintain public confidence in their efforts.
News from unnamed sources that quoted unnamed analysts that China has started stockpiling rare earths had the industry buzzing this week.
Oxford University researchers looking for more efficient and cheaper ways to manufacture solar panels have found a possible solution in lowly base metal zinc.
Crossland/Pancontinental accelerate program to enhance, expand, and de-risk the Charley Creek rare earth project
The companies have begun a program to rapidly enhance, expand, and de-risk the Charley Creek rare earth mining project in Australia.
In response to China's announcement to stockpile critical rare earth oxides, Ucore urges the U.S. government to do the same.
CEO Nicholas Curtis says he underestimated the power of social media as local residents in Malaysia have used Facebook and Twitter to rally local and foreign opposition to the company's proposed rare-earths plant.
With drilling scheduled to for next week, Globex looks to make an impact with its Quebec-based project.
The much-anticipated Tesla Model S, which started production last week, uses a lot of aluminum, and that has industry groups pleased as punch.
China is restricting the export of rare earths to protect its environment, said Su Bo, vice-minister of industry and information technology at a news conference in Beijing on Wednesday.
There is no single rare earth element market. Instead, the rare earth universe is made up of four or five distinct "critical rare earth" markets that should be the focus for investors today.
Resource developers, especially in the rare earths space, are suffering from the market's obsession with immediate results, says Byron King. Nonetheless, he argues, large-scale demand for high-tech metals remains. The question is, which developers can weather the storm?