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Ucore Undertakes Field Program at Ray Mountains Property, Alaska

Ucore Rare Metals Inc. (TSXV:UCU) has undertaken a summer field program at its rare earths and tin multi-metal property in the Ray Mountains area of Central Alaska. Several claim blocks in the region were acquired by Ucore in 2011.

Standard & Poor’s Negative on Molycorp

Mineweb reported that Standard & Poor's has lowered its corporate credit rating for Molycorp Inc. (NYSE:MCP) from CCC+ to CCC with a negative outlook. The firm does not anticipate upgrading the company over the next year.

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Postdoc Student Looking to Purify REEs More Efficiently reported that Dr. Nuwan De Silva, a postdoctoral research associate at the Critical Materials Institute, located at the US Department of Energy's Ames Laboratory, is trying to come up with a way to purify rare earth elements (REEs) more efficiently.

China Unlikely to Up REE Export Quotas in 2014

China Daily reported that China's Ministry of Commerce has released this year's second round of rare earth export quotas. Though demand for the metals is on the rise, it looks like the ministry has no plan to raise quotas.

Tom Hayes’ REE Stock Picks

In a recent interview with The Mining Report, Tom Hayes of Edison Investment Research identified the three rare earth element (REE) companies he believes will achieve success.

New Chinese Subsidies Could Benefit Environmentally Friendly REE Producers

InvestorIntel recently reported that China's Ministry of Industry and Information Technology and Ministry of Finance have together released a draft of a regulation that would "subsidize rare earth producers that develop advance technologies and run environmentally friendly operations.

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