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.
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.
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 [...]
Canadian Orebodies Inc. (TSX VENTURE:CO) reported that following the execution of a Letter of Intent with Hawk Uranium Inc. (TSX VENTURE:HUI) announced in Orebodies press release dated April 13, 2010, Orebodies and Hawk have executed a purchase and assumption agreement whereby Hawk will acquire 100% legal and beneficial interest in Orebodies eight 100% owned properties (subject to a 10% NPI retained by Orebodies), and 100% interest in Orebodies seven 50% owned properties (subject to a 10% NPI retained by Orebodies on the portion of those properties to be acquired by Hawk, which would be converted to a 0.15% net smelter returns royalty if Hawk's interest in those properties is reduced to less than 10% and therefore converted to a net smelter returns royalty) held through a joint venture with Macdonald Mines Exploration Ltd. (TSX VENTURE:BMK) and Temex Resources Corp. (TSX VENTURE:TME).
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.
Over the past two weeks, lawmakers in Washington have debated resurrecting a domestic supply-chain for rare earths and creating a national stockpile for the family of elements in response to China’s monopoly over the minerals.
The setting up of Exchange Traded Funds (ETFs) in the rare earths metals sector will ensure transparency and will go a long way in bringing in more investors, including institutional buyers.
Rare Earth Metals Inc. (TSX VENTURE:RA) reported that the company has entered into two binding option agreements in the Red Wine/Letitia Lake area of Central Labrador.
News of the likelihood of finding rare earths supplies by Greenland Minerals and Energy which could possibly pose a large challenge to the Chinese supply has send the rare earths sector into a tizzy.
Rare Earth Metals Inc (TSX VENTURE:RA) reported that the company has entered into investor relations consulting agreements, effective January 15, 2010, with both First Canadian Capital Corporation and Linx Inc.
Monday, July 26, 2010