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.
Quantum Rare Earth Developments Corp. (CVE:QRE) announced that it has mobilized field crews for the fall 2011 fall drill program at the Archie Lake Rare Earth property located in northern Saskatchewan.
American Manganese Inc. (CVE:AMY) reported successful operation of its pilot plant for the extraction and separation of manganese from its Artillery Peak resource situated at Mojave County, Arizona.
IBC Advanced Alloys Corp. (CVE:IB) announced the withdrawal of a planned short-form prospectus financing.
American Manganese Inc. (CVE:AMY) reports that a new NI 43-101 compliant resource estimate incorporating the results of the 2011 drilling program shows a substantial increase in the amount of manganese contained in the Artillery Peak project.
July was an important month for the rare earth market. In perhaps the most significant news of the year, China released the rare earth export quota for the second half of 2011, sending the market into a frenzy yet again. Other top headlines included the continuing rise of rare earth prices, and the alleged Japanese discovery of rare earth deposits on the floor of the Pacific Ocean.
Tuesday, December 13, 2011