The UK Financial Services
Authority (FSA) warned that an increasing number of
people were being approached by firms promoting investments in
rare earth minerals and related schemes as part of the latest
wave of financial scams to be directed at the British
China set the
first of two rare earth production quotas for 2013 at 46,900
tonnes, about half the total quota set the previous year. The
ministry did not make the total 2012 production quota public,
but the figure for 2011 stood at 93,800 tonnes.
Rare earths miner Molycorp
Inc. announced that all the production components of
its rare earth manufacturing complex in Mountain Pass,
California, US, were operational and that the facility had
begun ramping up to its full-scale Phase 1 run rate.
Junior rare earths explorer
Matamec Explorations Inc. received Canadian
dollar (C$) 1.6m ($1.6m) from its partner Toyotsu Rare Earth
Canada Inc. (TRECan), the Canadian arm of the Japanese rare
earths trading group, Toyotsu Rare Earths Corp.
The port city of Murmansk in
north-west Russia was slated to become a
centre for rare earths processing as part of a government
programme to promote production of the minerals in the Russian
A pilot project to investigate
whether rare earths can be commercially extracted from
Jamaicas red mud bauxite waste was launched by the
islands government, following the discovery of high
concentrations of rare earths in the red mud, a by-product of
refining bauxite into alumina, by researchers from Japans
Nippon Light Metal Co. Ltd.
Rare earths were deemed the
industrial minerals most at risk of supply shortage by
the British Geological Survey (BGS), according
to its Risk List. Rare earths switched to a supply risk index
of 9.5, compared to 8.0 in 2011, when the minerals were in
Lynas joined the
sparse ranks of rare earth producers as its Advanced Materials
Plant (LAMP) processing plant in Malaysia produced its first
commercial rare earths products.
A bill aimed at securing US
rare earths supplies was reintroduced to Congress
after it was left hanging after being introduced in 2011.
Lynas cleared the
final legal hurdle in bringing its processing plant in Malaysia
into permanent operation, when the countrys Federal Court
dismissed protestors requests for judicial review of the
decision to grant the facility a licence.
A spokesman for China
Customs admitted to giving incorrect and
groundless data at a briefing about Chinese trade
figures. Zheng Yuesheng, head of the statistics department at
the Beijing-based General Administration of Customs, released a
statement expressing his deep apologies for citing
unconfirmed investment data sourced from the internet.
Rare earths deposits were
discovered in Rwanda, prompting the
countrys Ministry of Energy and Natural Resources to
invite foreign investors to explore the areas evaluated.
Lynas said it
would hold back full-scale production of separated rare earths
at its Advanced Materials Plant (LAMP) in Malaysia in response
to limited demand and falling prices. It added that it would
implement a minimum price schedule for its rare earths
products, effective 1 July 2013.
The company also dropped its
defamation action against the Malaysian protest group,
Save Malaysia, Stop Lynas!
The number of companies approved to
produce rare earths products in China rose in June, according
to information released by the countrys Ministry
of Industry and Information Technology (MIIT), taking
the total number of approved companies to 40.
Commission released a detailed progress report on its
promotion of raw material supplies in Europe, outlining
provisions for key industrial minerals, including rare earths,
designed to boost the availability of key raw materials in the
European Union (EU).
Chinas Ministry of
Commerce (MofCom) announced its second rare earths
export quota for 2013, replicating the volume unveiled in the
first quota at the end of last year. The 15,500-tonne quota for
the six months to the end of December includes 13,821 tonnes
light rare earths and 1,679 tonnes heavy rare earths, and
brings the full-year total to 31,001 tonnes.
Baotou Steel Rare Earth
Hi-Tech said that it would halt production from one of
its rare earths concentrate factories for six months in an
effort to stabilise the market.
Kenyas Cabinet Secretary for
mining revoked Pacific Wildcats mining
licence for the Mrima Hill rare earths, citing irregularities
in the process that led to the companys acquisition of
the 21-year lease.
A coalition of 12 Chinese rare
earths companies planned to sue Japans Hitachi
Metals for allegedly using invalid patents and
infringing their patent rights.
A team of Japanese
scientists developed a coating that uses the innate
properties of rare earths to change colour at different
government planned to inspect nearly 1,600 rare earth
miners, smelters and traders as part of a nationwide clampdown
on illegal mineral production.
Rare earths specialist
Dudley Kingsnorth told delegates at the
IM Chinas Roundtable that he believed
rare earths demand could reach between 200,000 and 250,000 tpa
The World Trade
Organization (WTO) judged that Chinas export
restrictions on rare earths were incompatible with its
international trading rules.
researchers welcomed a Û6m ($8.10m) grant,
approved by the European Commission to help develop new
technology to recover rare earth elements from waste electrical
and electronic equipment.
a net loss for the third term of 2013, as rare earth prices
A tolling agreement between
Russias Solikamsk Magnesium Works and
lrtysh Rare Earth Co. in Kazakhstan was signed
in a decisive step towards developing Russias rare earths
industry, Pavel Dedkov, managing director of Solikamsk, told
delegates at the 2013 Rare Earths Conference in Hong Kong in
The Chinese Academy of
Sciences started a space mission to explore rare
earths deposits on the Moon.
China published its first batch of
rare earths export quotas for 2014, revealing
a cut of almost 400 tonnes, or 2.5%, on last years
figure. Licensed Chinese exporters will be allowed to export
15,110 tonnes of the minerals in the first six months of 2014,
down from 15,501 in 2013.