China’s pollution problems are well documented, and the government has started to show a desire to act on them. The Chinese control 97 percent of the rare earth supply, which is needed for numerous sustainable energy technologies. China could be in the driver’s seat of a new green economy selling not only rare earths, but finished sustainable energy technology.
As China severely reduces export quotas, the rest of the world is waking up to the reality of finding new sources for rare earth elements. This is a breakdown of some of the rare earth projects being developed outside of China.
Prices may be on the move for rare earth elements as China restricts export quotas by 72 percent. Controlling 95 percent of the world market, the drastic reduction to exports will choke the supply of the materials for world consumption. Also, the Chinese are considering making a transparent, negotiation based pricing system.
Tuesday, July 6, 2010
The ‘RESTART’ Act proposed in the US congress is aiming to reduce America’s dependence on China for the supply of rare earth elements vital for US weapons and defense industries as well as electronics and green technology companies. The bill seeks to assist mining and processing operations, as well as create a strategic stockpile of various rare earth elements.
Wednesday, June 30, 2010
At the halfway point, 2010 has not been kind to junior rare earth companies, many of which have watched their stock prices fall. But, with China restricting exports interest in developing new resources is growing.
Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) provided an update on recent Rare Earth Elements market developments as well as GWMG corporate strategies and projects.
Rare earth oxide producer Molycorp Inc (NYSE: MCP) reported it now expects to raise about $394 million through its initial public offering.
RockBridge Resources Inc. (TSX VENTURE:RBE) announced as part of its 2010 work program on its Cross Hills property, the commencement of the summer prospecting program, and the expansion of the Cross Hills property.
Search Minerals Inc. (TSX VENTURE:SMY) and its wholly owned subsidiary, Alterra Resources Inc., have discovered heavy rare earth element-enriched (HREE) mineralization on the Island Prospect in the Port Hope Simpson (PHS) REE district in SE Labrador.
Yankee Hat Minerals Ltd. (TSX VENTURE:KHT) announced the appointment of David Matousek as President.
Artha Resources Corporation (TSX VENTURE:AHC) announced the discovery of a large system of precious and base metal mineralization at the Ivan Alberto prospect on the Vallecito Property in NE Argentina.
RockBridge Resource Inc. (TSX VENTURE:RBE) announced the appointment of Greg Davis of Vancouver, BC to the Board of Directors of RockBridge.
Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) (”GWMG”) announces it has launched its Rare Earth Elements exploration program at its Douglas River property located in the Athabasca Basin of northern Saskatchewan.
Western Areas NL (TSE:WSA)(ASX:WSA) reported that combined mine production from the Flying Fox and Spotted Quoll mines doubled from 3,210 tonnes (7.1M lbs) nickel in the March Q 2010 to 6,810 tonnes (15M lbs) nickel in the June Q 2010.
Bolero Resources Corp. (TSX VENTURE:BRU)(FRANKFURT:U7N1) announced that it has received initial assays from silt and soil samples taken from the 100% owned “Carbonatite Syndicate” Rare Earth Element claim group located 80 km north east of Prince George, BC.

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Monday, July 26, 2010