China’s pollution problems are well documented, and the government has started to show a desire to act on them. The Chinese control 97 percent of the rare earth supply, which is needed for numerous sustainable energy technologies. China could be in the driver’s seat of a new green economy selling not only rare earths, but finished sustainable energy technology.
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.
Prices may be on the move for rare earth elements as China restricts export quotas by 72 percent. Controlling 95 percent of the world market, the drastic reduction to exports will choke the supply of the materials for world consumption. Also, the Chinese are considering making a transparent, negotiation based pricing system.
The ‘RESTART’ Act proposed in the US congress is aiming to reduce America’s dependence on China for the supply of rare earth elements vital for US weapons and defense industries as well as electronics and green technology companies. The bill seeks to assist mining and processing operations, as well as create a strategic stockpile of various rare earth elements.
At the halfway point, 2010 has not been kind to junior rare earth companies, many of which have watched their stock prices fall. But, with China restricting exports interest in developing new resources is growing.
It is important to note the distinction between rare earth elements and similar terms used in the resource sector. Two classifications that are often confused with rare earth elements are Rare Earth and Rare Metals.
Stans Energy Corp reports it has received proceeds of $2,000,000.00.
On May 1, 2010, the 20 day volume weighted average price (”VWAP”) of Stans common stock surpassed $0.15 per share, triggering the acceleration of the warrants. Participants in the December 1, 2009 financing elected to exercise their 20,000,000 warrants, at the agreed exercise price of $0.10 per [...]
IBC Advanced Alloys Corp.(CVE:IB) reports that it has signed an exclusive distribution agreement for Swissmetals’ CN8 high performance alloy.
CN8 combines very high mechanical and good corrosion resistance with excellent friction properties that are superior to those of any other type of alloy currently used in this type of application. CN8 is an environmentally sensitive material [...]
Quantum Rare Earth Developments Corp. [TSX VENTURE: QRE][PINK SHEETS: QREDF][FRANKFURT: BR3] announces it has acquired the Elk Creek Carbonatite, one of the largest known carbonatites in North America, through the acquisition of Elk Creek Resources Corp., a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.
China’s rare earth monopoly remains a concern in the US Congress as the Government Accountability Office tables a report outlining the industry; Cache Exploration Inc acquires more property at its Welsford location in New Brunswick; and, Japan is going underwater to search for minerals in its coastal zones.
Monday, July 26, 2010