The Wall Street Journal reported that China's Ministry of Commerce today plans to appeal the World Trade Organization's (WTO) ruling that the country's rare earth element (REE) export restrictions are in violation of global rules.
Articles Tagged "United States"
In a decision that's been two years in the making, the World Trade Organization yesterday announced that China's export restrictions on rare earth elements, molybdenum and tungsten violate global trade rules.
Ucore Rare Metals Inc. (TSXV:UCU,OTCQX:UURAF) released a statement on an initiative that could see the Alaska Industrial Development and Export Authority (AIDEA) provide up to $145 million worth of bond funding for the company's Bokan-Dotson Ridge rare earth project.
Rare Element Resources Ltd. (TSX:RES,NYSEMKT:REE) announced that last week, work officially began on the environmental impact statement for the company's Wyoming-based Bear Lodge project under the National Environmental Policy Act (NEPA).
The USGS recently determined the United States is sitting on a sizable untapped reserve of rare earth reserves in the west part of the country. New extraction techniques will allow companies to access this rare earth in old mine tailings.
The rare earth junior stands to benefit from the new law, which seeks to stockpile critical metals and reduce delays in permitting new mines.
A recently released study that shows that the US is tied with Papua New Guinea as having the longest approval process among the 25 top mining countries in the world.
Not everyone is in favor of the US Department of Defense's recommendation that the US stockpile $120.43 million worth of heavy rare earths.
Rare Earth Investing News spoke with Daniel McGroarty, president of US Rare Earths, to find out what his company's plans are as well as how he views the market as a whole.
The latest prices, news and events from across the global rare earths market.