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.
Rare Earth Mining News
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.
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 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.
For a moment, re-imagine Aladdin as an engineer. He finds his magic lamp in an industrial park in Silicon Valley or Boston or the Research Triangle in Raleigh-Durham, and the genie who emerges offers him three technological wishes. What should Aladdin
Surging prices of rare earth elements, coupled with slashed export quotas from China, are creating ripples in the rare earths industry, including a call for the US government to start stockpiling the materials. Vancouver-based Quantum Rare Earth Developments Corp. (TSX-V:QRE; OTCQX:QREDF; FRANKFURT:BR3) issued a news release Friday calling on the U.S. to start stockpiling rare earths— voicing support for recent US legislation that directs the Department of Defense to set up an inventory of rare earth oxides, metals, alloys, and magnets for defense purposes.
In its latest Quarterly Commodities Review, Société Générale takes the view that , at a "time of significant doubt for the outlook for the global economy" the recovery is sustainable and the bank is looking for a stronger second half-year. Headwinds persist, however, and the recovery in the advanced economies is likely to remain relatively sluggish.
Australian-American Mining Corporation Limited has advanced its Rare Earth Elements (“REE’s”) project situated in West-Central Arizona, USA. This project, which until now has been known as the North claim project but will now be referred to as the La Paz Rare Earth Project, is located in La Paz County in the West-Central section of the state of Arizona. It is approximately 120 miles west-north-west of Phoenix. AusAmerican have staked over 1,300 acres (527 hectares) comprising 63 unpatented blocks and a prospecting permit over one section (640 acres / 259 hectares) of State Trust Lands.
Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.Gold for August delivery fell 2.4 percent to $1,516.60 an ounce, the first drop in eight sessions, and palladium for immediate delivery declined 2.2 percent to $747.25 an ounce.
The Critical Metals Report talks to Mickey Fulp about the prospects for future rare earths supply chains independent of the current virtual Chinese monopoly.
China's global share of rare earth output will drop steeply in the next two years as other countries ramp up production to compensate for domestic curbs on mining the minerals, a former government official and future rare earth group chief said. The country's rare earth output would drop from 95 percent of global output to 60 percent, reversing global reliance on China, Wang Caifeng, a former Ministry of Industry and Information Technology (MIIT) official told the official China Daily.
Australian-American Mining Corporation Limited (ASX: AIW) has advanced it's Rare Earth Elements ("REE's") Project situated in West-Central Arizona, USA.
China's exports of rare earth ores, metals and compounds, fell 11% in May compared to April and 8.8% to 23,742 metric tons in the first five months of the year compared to last year. At the same time the value of exports surged 242% to $1.6 billion, customs data supplied by Hong Kong-based Economic Information & Agency showed Tuesday. 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.
Asia Sentinel reports on a dramatic lesson as the rest of the world gears up to replace the falling Chinese supply.While most of the attention in the world's press centered on what was regarded as a strategic decision, Chinese officials said they could no longer afford the damage to their environment.
Market Oracle reported on recent gains in shares of Molycorp (NYSE:MCP). The market news is quoted as saying: The price drivers today are plentiful: Financial Times reports that rare earth materials are being stockpiled in China, Piper Jaffray upgraded Molycorp to a buy, and a host of analysts piled on with positive assessments of the rare earth industry in general.
Green Technology Solutions, Inc. (OTCQB:GTSO) continues preparations to send core samples from three Mongolian rare earth mining sites to South Korea for analysis as prices on heavy rare metals more than double due to China’s tightening control of rare earth mining, production and exports. U.K.-based trade publication Industrial Metals reported last week that rare earth minerals dysprosium oxide and europium oxide, used in high-tech applications from nuclear reactors to smartphones, rose by more than 100 percent since the beginning of the month.
Prices of the certain rare earths used in energy saving lightbulbs, lasers, nuclear reactors, magnets and plasma televisions more than doubled in the past two weeks as China, responsible for upwards of 95% of world supply, further tightens control of mining, trading and exports, research house Industrial Minerals said over the weekend. 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 an exploration and mine development frenzy with over 250 projects on the go worldwide.
The advanced rare earths explorer Arafura Resources Ltd (ASX: ARU)has welcomed the release by the South Australian Government of guidelines for an Environmental Impact Statement on a rare earths complex at the industrial city of Whyalla. Details on the EIS guidelines were released today by South Australia's Urban Development and Planning Minister John Rau and Mineral Resources Development Minister Koutsantonis.
Great Western Minerals Group (CVE:GWG,OTC:GWMGF) announced 2010 exploration results from the Saskatchewan-based Douglas River Rare Earth Project. The press release is quoted as saying: During the 2010 exploration program, geological mapping on the Beatty claim discovered a new showing named the Helipad showing. Like the historic showing, the mineralization is concentrated in porous sandstone channels within the Athabasca Sandstone in a parallel, north-south structure 50 m to the west of the original discovery.
The western hemisphere's sole rare earth oxides producer, Colorado-based Molycorp, announced Thursday it has now fully funded its US$781 million expansion and modernization project at its flagship Mountain Pass rare earth facility in California. "Full funding of the capital plan of Project Phoenix is a major milestone in Molycorp's overall rare earth ‘mine-to-magnets' business plan," the company said in a news release.
Chinese industrial executives say the world's supply of rare earth minerals will outstrip demand within five years, ending reliance on China's exports. Wang Hongquain, general manager of China Nonferrous Metal Industry's Foreign Engineering and Construction Company (NFC), toldChina Daily more nations with large rare-earth deposits will resume exploration, which will lead to a global reallocation of the minerals.
Rare Element Resources stock jumped 9% in after hours trade in New York after a new estimate for the amount of rare earth materials at its Bear Lodge project in Wyoming showed a 20% jump. The gains were on top of a 7% jump during regular hours for the volatile stock which is still trading down almost 40% from record highs hit in January. The company also sees significant potential for further expansion of all deposits.
The Emerging Trends Report is 18 months into a planned 4-year circumnavigation of Australia, investigating specialty metal projects and recommending ASX-listed companies to clients. In this exclusive interview with The Critical Metals Report, we caught up with ETR Managing Editor Richard Karn shortly after he delivered the keynote address to the 2011 Energy and Resource Symposium for an update on the specialty metals market down under.
Wealth Daily Editor Luke Burgess loves the word "gangbuster." It makes him laugh, and it signals great opportunities for investors to make money. In his first exclusive interview with The Gold Report, he shares this take on Yukon gold plays and diversification among small-cap equities, be they gold, silver or rare earth plays.
Aluminum Corporation of China (Chinalco) has taken a 45 percent majority stake in a rare earth joint venture in Jiangsu province, boosting such assets, which is part the firm's strategic development plan, a company spokesman […]