Increased Chinese Stockpiling Could Push REE Prices Up

Increased Chinese Stockpiling Could Push REE Prices Up

China's State Reserve Bureau reportedly plans to move forward with a new round of REE stockpiling and may also move to build up its REE export controls. Some analysts believe REE prices are set to rise as a result.

WTO Names China the Loser in REE Export Quota Dispute

In a decision that's been two years in the making, the World Trade Organization yesterday announced that China's export restrictions on rare earth elements, molybdenum and tungsten violate global trade rules.

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EPA Fines Molycorp US$27,300

Mineweb reported that on Monday, the US Environmental Protection Agency (EPA) fined Molycorp Inc. (NYSE:MCP) US$27,300 for not properly managing hazardous waste at its California-based Mountain Pass facility.

Residents Concerned About Proposed Rare Element Resources Mine

Rapid City Journal reported this past weekend that landowners living near Rare Element Resources Ltd.'s (TSX:RES,NYSEMKT:REE) proposed Wyoming-based rare earth elements mine have expressed concerns about water quality, dust control and radioactive minerals.

Geomega Resources Inc. Closes $3,315,000 Brokered Private Placement

Geomega Resources Inc. Closes $3,315,000 Brokered Private Placement

Geomega Resources Inc. (TSXV:GMA) announced the final closing of a brokered private placement with Industrial Alliance Securities Inc. acting as agent consisting of 1,796,000 units at a subscription price of $0.60 per unit for gross proceeds of $1,077,600. The total gross proceeds are $3,315,000 including the first tranche of the private placement.

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China to Appeal WTO Ruling on REE Exports

The Wall Street Journal reported that China's Ministry of Commerce today plans to appeal the World Trade Organization's (WTO) ruling that the country's rare earth element (REE) export restrictions are in violation of global rules.

REE Recycling a Challenge, but Solutions Exist

Ensia's Jessica Marshall yesterday published an article on the difficulties of recycling rare earth elements (REEs), commenting that one issue is that it's becoming more and more difficult to get batteries — perhaps "the biggest single target for recycling" — out of electronics.

“Upgrade Mentality” Contributing to Scarcity of Rare Earths

The Guardian reported yesterday that the current "upgrade mentality," which spurs consumers to "replace perfectly good IT solutions or devices with new technology," is increasing the likelihood of a rare earths shortage.

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