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.
Rare Earth Market News Directory
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.
Want China Times reported that on March 28, the Baotou Rare Earth Products Exchange, the first rare earth products exchange in China, opened in Inner Mongolia.
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.
MINING.com reported yesterday that according to a study put together by Germany's Federal Institute for Geosciences and Natural Resources, China's share of global rare earth production has been steadily shrinking these past few years. Currently, it produces about 92 percent of the world's rare earths.
Xinhuanet reported that according to a report from China's Ministry of Information and Technology, in 2013, the country's rare earth industry suffered a 28.1-percent drop in profits.
MetalMiner reported that Lynas Corporation Ltd. (ASX:LYC) believes that demand for lanthanum will rise by 4 percent annually until 2020. That optimism has led the company to sign several contracts that will see buyers pay higher prices for Lynas' material than for Chinese material.
Mineweb reported that Hallgarten & Company's Christopher Ecclestone is bullish on almost all rare earths, excluding lanthanum and cerium, which "really spoil the mix."
Canada is poised to break into the exploration of "critical rare earths" including heavy rare earth elements, the Calgary Herald reported.
Chinese rare earth miners are being forced to phase out excessive production capacity as rising overseas suppliers chip away at their dominance in the global market, Xinhua reported via Global Times.