Rare Earths

China's moves to stop REE price declines 'likely to fail'

Rare earth metals consultants TRU Group said on Monday that recent attempts by Chinese suppliers to stem sharp declines in prices since the third quarter of 2011 is "likely to fail."

GeoMegA closes the second tranche and completes its brokered private placement

GéoMégA owns 100% of the Montviel Rare Earths/Niobium project in northern Quebec.

$8.4 billion rare earth deposit discovered in Brazil

Brazilian miner World Mineral Resources (WMR) has found a large reserve of neodymium, one of the 17 rare earth elements, in the western Bahia state, which could bring US$8.4 billion to the country.

Chinese government rolls up independent miners in rare earth industry group

In a move to curb the rampant domestic illegal mining of rare earth, as well as regulate its rare earths players, China is launching an industry association for the precious metal commodity on April 8.

U.S., Japan and the E.U. dispute China’s decision on rare earths at the WTO

The U.S., Japan and the European Union have filed an official complaint at the World Trade Organization this morning, urging the body to take actions against China’s restrictions on these metals. President Obama warned China that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."

Demand for key rare earths, niobium and ferroalloys soaring: Handwerger

Jeb Handwerger tells The Critical Metals Report that the world remains at risk of supply shortfalls in some heavy rare earths and also in ferro alloy materials – notably niobium.

Royal Energy Resources, Inc. (ROYE) Obtains Lease Approval of Rare Earth Property

Royal Energy Resources, Inc. (OTCBB:ROYE) today announced that the company obtained approval from the state board of Wyoming for an all out lease of 2,100 acres of the Crook County Rare Earth property. The rare earth property is believed to host rare earth elements (REE's) and Precious Metals.

Southern Cross Resources make Mozambique rare earth discovery

Macauhub reports Australian company Southern Cross Resources said Wednesday that its concession in Xiluvo, Mozambique, some 110 kilometres from the port of Beira, had reserves of rare earth elements of 1.1 million tons.

Rare Earth Metals Confirms REE Mineralization in East Lavergne Mineralized Zone on Its Springer Lavergne Prospect

Rare Earth Metals Inc. ("Rare Earth Metals", "RA" or the "Company") (TSX VENTURE:RA)(PINK SHEETS:RAREF)(OTCQX:RAREF) is pleased to report the completion of the initial drill program on the Lavergne REE Prospect.

China slaps heavy new tax on coking coal, rare earths

Reuters reports China will extend a resource tax – calculated on value rather than volume of production – on domestic sales of crude oil and natural gas from some regions to the whole country and expand the list of taxable resources to coking coal and rare earths from November 1.

The move, billed as a way of conserving resources and limiting environmental damage, is part of a long-awaited tax reform that would enrich the coffers of local governments but slash the earnings of resource companies, such as PetroChina Co, China National Petroleum Corp and Baotou Steel Rare Earths by billions of dollars each year. The tax on rare-earth ores will be levied according to a wide range of between yuan 0.4 – 60 per ton and between yuan 8 – 20 a tonne on coking coal.

Price of abundant rare earths could halve as hybrid-makers find alternatives

The price of the most abundant rare-earths are set to extend their decline from records this year as Japanese manufacturers, including Toyota the world’s top REE consumer, switch to recycled materials or eliminate the need for REEs altogether.

Prices of certain elements such as cerium used to polish TV screens and lenses are already down 40% after months of break-neck price hikes while lanthanum which finds its way into nickel-metal hydride batteries has shown similar declines. However, the price of some REEs such as samarium used in jet fighter electrical systems are showing no signs of decline despite increasing 25-fold in just three years.

Great Western Minerals and GQD says making substantial progress on Steenkampskraal rare earth separation plant

Great Western Minerals Group (TSX VENTURE:GWG) (OTCQX:GWMGF) ("GWMG" or the "Company") is pleased to announce that substantial progress is being achieved, with the active participation of Ganzhou Qiandong Rare Earth Group Ltd. ("GQD") of China, in the development work on the rare earth separation plant in the vicinity of Steenkampskraal in South Africa.

Molycorp: Rare Earths – confounding the pundits

The Rare Earths space has had more revivals than the Sound of Music. Over the last 18 months this "go-go" corner of the mining world has had it's ups and downs and several of the downtrends tempted ourselves and others to call an end to the boomlet.

Mining leads as IPO activity in Western Australia continues recovery in FY11

IPO activity in Western Australia continued to increase post the global financial crisis (GFC), according to new figures released from the Deloitte Corporate Finance survey. Western Australia produced 63 IPOs in the year ending 30 June 2011 (FY11), almost double the 33 IPOs in the previous financial year.