Articles Tagged "China"

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.

Jon Hykawy Talks Illegal Mining and Rare Earth Export Quotas

To get more insight into what recent developments could mean for the rare earths sector, Rare Earth Investing News spoke with Jon Hykawy, president and director of Stormcrow Capital. He provided some interesting information for investors focused on the rare earths space, and overall is hopeful that things could be looking up for the sector.

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’s Weakening Hold on the Global Rare Earths Market

China was once responsible for over 90 percent of global rare earths production, allowing it to restrict exports and manipulate prices. However, following a WTO ruling against that practice earlier this year and moves to crack down on illegal mining, China's share of global rare earths production could be dropping.

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.

Lynas Reports Increased Revenues, but Still Drawing Skepticism

The share price of Australia's Lynas Corporation is down 75 percent year-to-date, so investors were no doubt happy to see some positive news in the company's first-quarter results. But although Lynas reported a respectable increase in both revenues and production, also decreasing its operating costs, it's still facing some struggles.

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.