Rare Earth Top Stories

Why cobalt (not lithium) could be the battery boom’s big winner

You've probably given little thought to a perennially overlooked metal…

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International…

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Quantum calls on US government to stockpile REEs; investors shorting rare earth stocks

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.

China’s share of global rare earth output to drop steeply

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.

China rare earth exports fall 11% in a single month, prices since start of year triple

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.

Molycorp shares popped: What you need to know

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.

More expensive lightbulbs, plasma TVs coming as China action doubles rare earth prices in two weeks

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.

Chinese officials predict excess global rare earth supplies in 5 years

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 jumps after 20% Bear Lodge deposits increase

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.

Molycorp announces proposed offering of $200 million of convertible senior notes due 2016

Molycorp, Inc. (NYSE: MCP), the Western hemisphere's only producer of rare earth oxides, today announced that, subject to market conditions, it intends to offer $200 million principal amount of its Convertible Senior Notes due 2016 (the “Notes”) in an offering exempt from the registration requirements of the Securities Act of 1933. The Notes are being offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. In addition, Molycorp intends to grant the initial purchasers of the Notes an option to purchase an additional $30 million principal amount of the Notes.