Despite a two-year campaign to stamp out illegal rare earth mining in China, smuggling is still widespread in the country, which has a monopoly on the rare metals.
Articles Tagged "rare earth prices"
China is consolidating its rare earths industry, and with more centralization could come better control over export quotas and smuggling, potentially leading to tighter supply and higher prices.
2014 should be a better year for rare earth prices, as demand picks up and supplies tighten.
US Rare Earths recently published assays from surface channel sampling at its North Fork properties; they reveal total rare earth oxide grades of up to 10.3 percent.
Canadian companies digging for rare earths are getting some assistance from their government with the formation of an industry-led association called the Canadian Rare Earth Elements Network (CREEN).
A new recycling technology involving a nanomaterial could strip out diluted rare earths from wastewater.
Armed with a Korean partner, Frontier Rare Earths plans to put its Zandkopsdrift deposit in South Africa into production by 2016.
Rare earth prices could rise if a rumor that China's State Reserve Bureau plans to start buying the metals soon, Mining Weekly reported.
MetalMiner reported that a dip in its REE index could be affected by Molycorp's (NYSE:MCP) second-quarter loss it announced earlier this summer.
Market participants are watching to see how the Chinese government divvies up purchases of rare earths for its stockpile.