Articles Tagged "China"

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.

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.

Rare Earths Producers Still Beholden to Chinese Supply

In an article for Tradingfloor.com, Adam Courtenay suggests that the performance of rare earths producers such as Australia's Lynas Corp (ASX:LYC) and Molycorp (NYSE:MCP) is still tied to how much rare earths supply China releases into the market. However, the author saw things looking up overall for producers outside of China.