Rare Earth Market Focused on Molycorp Profit Rise
The latest round of news, commentary, and happenings within the rare earth market.
The latest round of news, commentary, and happenings within the rare earth market.
Rare Earth Metals Inc. (TSXV:RA,OTCQX:RAREF,OTC Pink:RAREF) announced a resource estimate of 4.167 million tonnes grading at 1.14% at the Ontario-based Lavergne-Springer property.
Speculation that China would boost its rare earth output to take advantage of higher prices and meet demand caught investor focus this week.
Rare Earth Metals Inc. (TSXV:RA,OTC Pink:RAREF,OTCQX:RAREF) announced first drilling results from the Ontario-based Lavergne-Springer project.
Despite weak demand, the rare earth market has displayed positive price movements in January through to early February.
Rare Earth Metals Inc. (TSXV:RA,OTCQX:RAREF,PTC Pink:RAREF) announced the resource estimate for its Labrador-based Two Tom deposit.
Weak rare earth prices have been prevalent in the second half of 2011. However, the unwillingness of some producers to make further reductions to rare earth prices has garnered some stability of late.
Rare Earth Metals Inc. (TSXV:RA,OTCQX:RAREF,OTC Pink:RAREF) announced the completion of ten drill holes at its Labrador-based Two Tom deposit.
Rare earth prices have been falling over the past couple of months. In an attempt to stop the price plunge and take back control, Chinese rare earth companies have stopped production and the government has announced new regulations. However, this may not stop the downward momentum.
Electronics Weekly reported that US researchers are designing magnets that do not require the use of rare earths.
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