Markets have been gripped by the recent decision by the US, EU, and Japan to request that a WTO investigation be undertaken in relation to China's rare earth export policies.
Reuters reports that Minmetals has urged all firms in the rare earth sector to maintain the national output quota by suspending production starting from the beginning of August.
Valencia Ventures Inc. (CVE:VVI) decides to terminate the agreements to acquire OntarioCo's interests in the Diana Project and the Carb Lake, Schryburt Lake and Lawashi River Properties.
Nikkei reports that on Thursday, a team of researchers, primarily from Toda Kogyo Corp. (TYO:4100) and Tohoku University, succeeded in making a magnetic material without rare-earth metals.
Great Western Minerals Group Ltd. (CVE:GWG) reports that the company has completed the purchase of 92.6% of the shares of Rare Earth Extraction Co. Limited.
Bloomberg reports that Japan’s government and more than 100 companies intend to spend 110 billion yen ($1.3 billion) on facilities to reduce the country's reliance on rare earth imports.
Associated Press reports that a consortium of Japanese and South Korean companies intend to take a $1.95 billion stake in a Brazilian rare earth mining firm.
The Australian reports China's chief rare earths research body says it expects the nation to become a net importer, even though it is the world's biggest producer.
Seymour Ventures Corp. (CVE:SEY) signs the Definitive Share Exchange Agreement to acquire 100 per cent of the issued and outstanding shares of Rare Earth Industries Ltd.
Montero Mining & Exploration Ltd. offers shares before a planned listing in Toronto to fund exploration as Chinese export restrictions threaten global supply.
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