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.
NT News reported that shares of Arafura (ASX:ARU) surged after the company announced exploration results from the Nolans Bore rare earth project.
IBTimes reported that Arafura (ASX:ARU) cancelled a planned sale of its shares, citing market instability.
Technology Metals Research reported on a recent trip to the Nolans Bore deposit, owned by Arafura Resources (ASX:ARU,PINK:ARAFF).
The Sydney Morning Herald reported on predictions by Arafura Resources (ASX:ARU) that rare earths prices are going to increase.
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.
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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