Rare Earth Top Stories

Hudson restructures debt to restart anorthosite mine

The Greenland government has given permission for the company to…

Lynas gets green light for waste treatment plant in Malaysia

Malaysia has approved Australian rare earths miner Lynas' plan to…

Latest Stories

Major Processing Design Improvements Boost Recovery of Critical Rare Earths at Pele Mountain’s Eco Ridge Mine Project

Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (“Pele” or the “Company”) today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides (“REO”), including neodymium, dysprosium and yttrium oxides, (Pele’s “Big 3 REO”) at its Eco Ridge Mine Rare Earths and Uranium Project (“Eco Ridge” or the “Project”) in Elliot Lake,Ontario.

China’s rare-earth domination keeps wind industry on its toes

Wind turbine manufacturers are scrambling to find alternatives to a key element used in direct-drive permanent magnet generators (PMGs), thanks to skyrocketing prices and diminishing supplies of crucial rare earths. China currently provides 94% of the world's rare earths, including neodymium and dysprosium, which are used in the magnets for direct-drive wind turbine motors. However, the Chinese government has put new restrictions on rare-earth mining that have resulted in lower supply levels, according to a report from research firm Roskill Information Services (RIS).

Rare earth prices plunging as manufacturers turn to substitutes

The prices of rare earth elements, which have enjoyed a three-year run, are dropping rapidly, reports New York Times. The reason, says The Times, is on the manufacturing side, as big companies in the US, Europe and Japan that use REES in manufacturing move operations to China, draw down inventories, and look for lower-cost substitutes: International prices for some light rare earths, like cerium and lanthanum, used in the polishing of flat-screen televisions and the refining of oil, respectively, have fallen as much as two-thirds since August and are still dropping. Prices have declined by roughly one-third since then for highly magnetic rare earths, like neodymium, needed for products like smartphones, computers and large wind turbines.

EU study says China’s grip on rare earths could choke green energy plans

A new European study says supply shortfalls of rare-earth elements over the next two decades put at risk the EU's ambitious plans to expand the production of solar, wind and green transport technologies and implement carbon-capture systems. According to the EU's Joint Research Centre, solar will require half the current world supply of tellurium and 25% of the supply of indium, while Europe’s wind energy programme which is supposed to power all of the continents 240 million households within 20 years need a steady supply of neodymium and dysprosium. China controls 95% of the globe's rare earth output in 2010 produced more solar panels than the rest of the world combined.

Frontier Rare Earths provides an update on its Zandkopsdrift rare earth element in South Africa

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."

US strategic rare earth reserve closer after key Chinese exporter stops production

A temporary production stoppage by China's largest rare earth exporter makes the creation of an American rare earth stockpile more likely, according to a report by dealReporter that appeared in yesterday's FT. The stoppage was a "wake-up call" for the US Department of Defense because the rare earth elements are needed for a variety of defense applications, writes dealReporter, citing a congressional source. The article quotes congressional sources and three rare earth companies saying that "the creation of a US rare earth strategic reserve is more likely to get the go-ahead after (Inner Mongolia Baotou Steel Rare-Earth (SHA:600111)) halted production. Such a move would create another source of demand for the metals, likely aiding a rebirth of the US rare earths industry."

96% of non-Chinese rare earth projects will fail, says Jack Lifton

A mining industry consultant says the high processing costs and level of expertise required in bringing rare earth mines into production means most of them will fail. In an interview with Reuters, Jack Lifton, founder of Technology Metals Research, said of the 244 companies hoping to extract REEs, less than 4% will be profitable: "The choke point for all the companies is the question of what they can do with the concentrated REM ore once it's above ground. You can extract the rare earths together, but then you have to separate them...the world's REM separation capacity is 99 percent Chinese and they have unused capacity," Lifton said. "The Chinese overwhelmingly control this and that is the key to the rare earth industry. Without separation capacity, all you have is a loss-making ore concentrate company."

Eriez® Xtreme® Rare Earth Rota-Grates® Provide Speedy and Automatic Removal of Clogging Contaminants from Processing Lines

Eriez® Xtreme® Rare Earth Rota-Grates® feature a unique rotating design to remove both large and small ferrous contaminants that tend to stick, clog and bridge when passed through traditional grate magnets. Eriez’ Rota-Grate reel incorporates Xtreme Rare Earth tube circuits, which are at least 12 percent stronger than all other existing magnets.

Molycorp spends $114 million to accelerate rare earth production by three months

Molycorp (NYSE:MCP), the only rare earth producer in the Western hemisphere, announced on Thursday that it plans to spend $114 million to accelerate by three months the start-up of its rare earth processing facility. Molycorp's stock slid on Thursday after the news. After hitting a high of $40.45 on Wednesday, the stock dropped as low as $36.59 before recovering to close at just under $38. The company's estimated 2012 production will rise by 3,500 metric tons to between 8,000 and 10,000 metric tons annually. The new spending will help the company achieve full phase one production of 19,050 metric tons per year of rare earth oxide equivalent three months earlier than previously planned.