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Rare earths

Latest News

  • Price briefing 19-25 May

    Friday, 26 May 2017

    Mineral sands producer Iluka raised zircon prices; while ilmenite and rutile prices held firm; China Southern Rare Earth Group Co. unveiled another round of price hike; Magnesia prices unchanged as Chinese government sets new environmental standards; Galaxy Resources complete 2016 offtake spodumene sales

  • Heavy rare earth prices hiked again

    Tuesday, 23 May 2017

    South China Rare Earth Group unveils another round of price increases, following the company's historic decision to publish prices last month

  • Price briefing 12-18 May

    Friday, 19 May 2017

    The ongoing draconian anti-pollution controls in China continue to disrupt production in a number of minerals, which has lifted prices in bauxite and antimony trioxide. Meanwhile, fused magnesia is no longer available in China; producers announced another rare earth price hike; chromite and silicon carbide prices remained stable; and lithium carbonate spot have risen in China again.

  • China's illegal rare earth mining crackdown bearing fruit, ministry says

    Thursday, 18 May 2017

    Six months into a nationwide clampdown on illegal mining, the rare earths industry in China is seeing some sign of improvement, according to the Ministry of Industry and Information Technology.

More from Latest News

Pricing News

  • Price briefing 19-25 May

    Friday, 26 May 2017

    Mineral sands producer Iluka raised zircon prices; while ilmenite and rutile prices held firm; China Southern Rare Earth Group Co. unveiled another round of price hike; Magnesia prices unchanged as Chinese government sets new environmental standards; Galaxy Resources complete 2016 offtake spodumene sales

  • Heavy rare earth prices hiked again

    Tuesday, 23 May 2017

    South China Rare Earth Group unveils another round of price increases, following the company's historic decision to publish prices last month

  • Price briefing 12-18 May

    Friday, 19 May 2017

    The ongoing draconian anti-pollution controls in China continue to disrupt production in a number of minerals, which has lifted prices in bauxite and antimony trioxide. Meanwhile, fused magnesia is no longer available in China; producers announced another rare earth price hike; chromite and silicon carbide prices remained stable; and lithium carbonate spot have risen in China again.

  • China Southern lifts middle, heavy rare earths prices again

    Thursday, 18 May 2017

    In the third week of May, China Southern Rare Earth Group Co once again raised the prices of its middle and heavy rare earth products on May 15th, and this is already the third time in May.

More from Pricing News

Features

  • 2016 Year in Review

    Thursday, 15 December 2016

    A round up of the year's main events in major global industrial minerals markets such as lithium, agriminerals, rare earths and titanium dioxide.

  • China’s rare earths policies struggle to stem supply

    Thursday, 27 October 2016

    The cancellation of export quotas and taxes on Chinese rare earths export last year spurred the introduction of a raft of new measures designed to control output and boost value. Albert Li, IM Analyst, discusses the progress of these plans.

  • No respite for rare earths

    Thursday, 27 October 2016

    A commodities market rebound in 2016 left the rare earths sector largely untouched, but some companies are still determined to bring new mines online, writes IM Correspondent, Rose Pengelly.

  • Phosphogypsum: Another Russian rare earths pipe dream?

    Monday, 22 August 2016

    A plan to recycle waste from fertiliser plants to produce pure rare earths and gypsum is the latest to come out of Russia’s metallurgical science community, but this project is already facing many of the obstacles that have scuppered previous similar endeavors, Vladislav Vorotnikov, IM Correspondent, finds.

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Market Brief


Rare earths constitute the 15 lanthanide elements in the periodic table plus yttrium, a naturally associated mineral.

Rare earths are relatively abundant in the Earth’s crust, but do not often occur in minable concentrations.

World resources are contained primarily in bastnäsite and monazite. Bastnäsite deposits in China and the US constitute the largest percentage of the world’s rare earth economic resources, while monazite deposits constitute the second largest segment.

Apatite, cheralite, eudialyte, loparite, phosphorites, rare-earth-bearing (ion adsorption) clays, secondary monazite, spent uranium solutions and xenotime make up most of the remaining resources.

Rare earths have a wide range of applications from polishing powders to high-strength magnets, and are critical to environmental technologies such as electric vehicle motors and wind turbines, defence applications, and high-tech products such as smart phones.

The elements can be split into two groups: light rare earths and heavy rare earths, with the former generally occurring in much higher concentrations in the world

The main traded light rare earths elements are: lanthanum, cerium, praseodymium, neodymium and samarium.

The main traded heavy rare earth elements are: europium, gadolinium, terbium, dysprosium and erbium. Yttrium is usually grouped with the heavy elements.

Supply

Throughout the 1990s and 2000s, rare earths production has been increasingly dominated by China, which now accounts for over 95% of global output.

Based in Inner Mongolia, Baotou Steel Rare Earth High-Tech Co. is China’s largest player, producing around 55,000 tpa of light rare earths from its Bayan Obo mine.

Heavy rare earths and yttrium are largely extracted from ionic adsorption clays in Jiangxi and surrounding southern provinces, producing about 36,000 tpa.

However China’s decision to begin limiting exports in the minerals in 2005 has led to a gradual reduction in commercially available rare earth products, and has spurred a frenzy of exploration activity in other parts of the world.

Among those attempting to fill the supply gap left by China, two of the most advanced developers are the US company
Molycorp Inc., which is developing the Mountain Pass mine in California, US, and the Australian firm Lynas Corp. which owns the Mount Weld mine in Western Australia.

Other projects of note that are still at an early stage of development include the Dubbo Zirconia (and rare earths) project in Australia, owned by Alkane Resources Ltd; the Browns Range heavy rare earths project, also in Australia, owned by Northern Minerals Ltd; the Bokan Mountain project in Alaska owned by Ucore Rare Metals Inc.; the Kipawa heavy rare earth project in Canada owned by Matamec Explorations Inc.; and the Norra Karr heavy rare earths project in Sweden, owned by Tasman Metals Ltd.

Global rare earth oxide (REO) production in 2012 was estimated to be about 110,000 tonnes, according to the US Geological Survey (USGS).


Markets

Rare earths provide essential properties for a large number of hi-tech industries and are increasingly important in green energy technologies and consumer electronics.

The largest growth sector is expected to be for high-strength permanent magnets, including neodymium-iron-boron (Nd-Fe-B) and samarium cobalt (Sm-Co) magnets.

Nd-Fe-B magnets not only use neodymium but also the heavy rare earth element, dysprosium, and no substitute has been found for either raw material.

High-strength magnets are used in critical environmental and defence technologies including wind turbine motors, missiles, guidance systems as well as disk drives for computers and portable electronics.

The most common and lowest value rare earth element, cerium, is commonly used in polishing powders for high-value glass such as that used in televisions and computer screens.

The phosphorescent properties of rare earths – including yttrium, europium and lanthanum – are also central to plasma television and computer technology. They are also used in energy-saving light bulbs and x-rays.

Other applications are in metal alloys, ceramics, glass, lasers and fibre optics.

A price spike in 2011 caused by panic-buying in response to concerns over supply security of the minerals has led to many rare earth consumers using substitute raw materials, which has dented the rare earths market.

Prices fell more than 50% in 2012, and lacklustre demand caused major producers like Baotou Steel Rare Earth Hi-Tech to register huge falls in profits compared with 2011.

Due to the volumes used in hi-tech industries, Japan is the world’s largest importer of the materials, followed by the EU and the US.