Molycorp, Hitachi plan rare-earth production JVs
Mining Weekly.com reports that Molycorp (NYSE:MCP) and Hitachi Metals have signed an agreement to produce rare-earth alloys and magnets in the US.
Mining Weekly.com reports that Molycorp (NYSE:MCP) and Hitachi Metals have signed an agreement to produce rare-earth alloys and magnets in the US.
What a year for rare earths! The decrease in export quotas from China sparked a firestorm of investments, political battles and skyrocketing prices that have made rare earths one of the hottest markets in 2010. Now the Chinese have raised export tariffs for some of the most highly needed rare earths, adding more fuel to the fire.
American Manganese Inc. (CVE:AMY) reports that its Board of Directors has approved the adoption of a Shareholders' Rights Plan agreement.
The results of our reader survey show a dramatic increase in the level of interest and investment in the rare earth markets. The rise of rare earths in 2010 is a direct result of Chinese export policies have that helped the dramatic rise of rare earth prices.
Stans Energy Corp (CVE:RUU) reports that it has initiated JORC resource estimate for its Kalesay Beryllium deposit.
Quantum Rare Earth Developments Corp. (CVE:QRE) reports that Peter Dickie, President, CEO & Director was interviewed by CDTV.net, a New York-based financial network.
Canadian International Minerals Inc (TSXV:CIN) is a junior resource company focused on exploring, discovering and developing of deposits of exotic metals and minerals. On October 20, 2010, Canadian International announced they had commenced a minimum 1000 meter diamond drill program on their Carbo Project in British Columbia and has plans to conduct a high density airborne EM-MAG survey of the Copper Mountain Project.
Ahead of the G20 summit in South Korea business leaders from the US and Europe urge the leaders of the worlds largest economy to spark debate over rare earth policy.
Reassurances from Chinese officials and the resumption of shipments from the Asian nation have hurt the gains made by many rare earth juniors. Has the market jumped on the rare earth band wagon investing in companies that have yet to produce? Or have they just jumped the gun in a market poised to grow for years to come?
IBC Advanced Alloys Corp. (CVE:IB) reports its 2010 financial results.
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