Lynas Reports Increased Revenues, but Still Drawing Skepticism

Lynas Reports Increased Revenues, but Still Drawing Skepticism

The share price of Australia's Lynas Corporation is down 75 percent year-to-date, so investors were no doubt happy to see some positive news in the company's first-quarter results. But although Lynas reported a respectable increase in both revenues and production, also decreasing its operating costs, it's still facing some struggles.

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Northern Minerals Receives Environmental Approval for Browns Range

Northern Minerals Ltd. (ASX:NTU) announced that the government of Western Australia has given environmental approval for the proposed mine and ore processing facility at Browns Range, the company's heavy rare earths project.

Algonquin First Nations Oppose Quebec’s Investment in Matamec Explorations

The chief and members of the Wolf Lake and Eagle Village First Nations wrote to the Quebec government on Thursday, opposing Quebec's million dollar investment in Matamec Explorations (TSX:MAT) Kipawa Rare Earths project. The Algonquin First Nations believe the project has the potential for significant negative effects on their rights and title, environment and culture.

Lynas Reports Increased Revenue as Production Ramps Up

Reuters reported that Lynas Corporation (ASX:LYC,FWB:LYI) reported its revenues had increased by 24 percent from the previous quarter. After many delays, the rare earths producer is working to move its Malaysian plant towards full capacity.

Ucore Rare Metals Prepares for Bankable Feasibility Study

Ucore Rare Metals (TSXV:UCU,OTCQX:UURAF,FWB:U9U) has issued a Request for Proposals from consulting firms for the preparation of a Bankable Feasibility Study for its Bokan – Dotson Ridge project in Southeast Alaska.

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China Says 40 Percent of Magnetic REE Supply Illegal

Simon Moores of Benchmark Minerals reported that a much larger portion of China's rare earths production is illegal than initially anticipated. Specifically, a large portion of rare earth elements used in the production of high strength magnets has been found to be illegally produced.

Global Rare Earths Market to Surpass US$8.19 Billion by 2018

Transparency Market Research has released a new report on the global rare earth metals market. The firm expects the market for rare earths to grow steady over the next five years on the back of growing demand for rechargeable batteries, clean energy and cleaner technologies.

China Rare Earth Exchange Enhances Transparency

Xinhua reported that since opening in March, China's first rare earth exchange has been in good operation, with over 9,700 tonnes of rare earths having been traded since the end of September.

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