Arafura Signs MOU with Buyer in South Korea
Mineweb reported that Arafura Resources (ASX:ARU) has tentatively found a buyer for rare earths from its Nolans project.
Mineweb reported that Arafura Resources (ASX:ARU) has tentatively found a buyer for rare earths from its Nolans project.
Sydney Morning Herald reported that Arafura Resources (ASX:ARU) is hoping a sales deal with ThyssenKrupp will be formalized.
Technology Metals Research reported on a recent trip to the Nolans Bore deposit, owned by Arafura Resources (ASX:ARU,PINK:ARAFF).
News of China’s cutbacks to rare earth quotas have prompted many rare earth mining companies to accelerate feasibility studies and preparations to break ground on new projects. Major firms dependent on rare earth oxides such, as aerospace giant Boeing, are now helping with the search.
There are many rare earth projects currently being explored and developed worldwide. As the Chinese reduced export quotas, these projects represent the future of the rare earth market.
As China severely reduces export quotas, the rest of the world is waking up to the reality of finding new sources for rare earth elements. This is a breakdown of some of the rare earth projects being developed outside of China.
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