Rare Earth Market News Directory

USGS says Countries in Need of Non-Chinese REE Supply

A recent report from the US Geological Society has reiterated the importance of finding rare earth element supplies outside of China, especially for countries dependent on new technologies. According to Mineweb, countries such as Japan, the US and members of the European Union are trying to encourage the discovery and development of rare earth deposits outside of China.

Further Consolidation Expected in China’s Rare Earth Industry

Three companies are planning to further consolidate the rare earth industries this week, according to China Daily. The Ministry of Industry and Information Technology in China released the news at a rare earth forum held in Xiamen city October 23.

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.

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.

China REE Exports Spike Following WTO Ruling

China's rare earth exports shot up by over 31 percent last month. The spike comes after the WTO ruled last month that China's quotas and export duties on the resource went against WTO rules, according to the Economic Times.