The Times Colonist reported that Jamaica has opened a pilot plant where researchers will test whether rare-earth elements can be commercially extracted from bauxite waste.
Rare Earth Market News Directory
A World Trade Organization (WTO) dispute settlement panel has ruled against China and in favor of the United States, Japan and the European Union — upholding the latter's claims that China's export duties on rare earths violate WTO rules, Bernama reported.
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
Industry sources say that China is likely to purchase billions of yuan of rare-earth minerals starting next month to bolster its strategic reserves, Ecns.cn reported.
Rare earth prices could rise if a rumor that China's State Reserve Bureau plans to start buying the metals soon, Mining Weekly reported.
Russia is investing $1 billion in rare earths production in order to become less dependent on China, The Moscow Times reported on Thursday.
MarketWatch reported that China is planning to set up a rare-earth conglomerate.
China has set its rare earths production quota at 93,800 tons, Bloomberg reported.
Chinese rare earths stocks pushed higher following a report that the country will curb illegal production of the metals, Mineweb reported.
MetalMiner reported that a dip in its REE index could be affected by Molycorp's (NYSE:MCP) second-quarter loss it announced earlier this summer.