Video News: Inner Mongolia to increase rare earths exploration
Published: Monday, 21 July 2014
Albemarle to merge with Rockwood; Syrah sale “does not make sense”; Crimea plans port expansion
On this weeks IMTV, Inner Mongolias government
announces that exploration of rare earth oxides (REO) will
increase to 59,000 tonnes in 2014, up 19% compared with the
same period in 2013.
This will consolidate its leadership position in rare earths
exploration and production. The region accounts for 56.7% of
total production from China, and aims to produce 105,000
tonnes in 2014.
US Chemicals company Albemarle Corp. is to merge with
lithium and coatings specialist, Rockwood Holdings Inc., in a
move expected to create one of North Americas leading
speciality chemicals firms. The joint entity will cover four
business areas in lithium, bromine, catalysts and surface
Also this week, widely reported rumours that Swiss commodity
trader Glencore made an informal approach to buy Australian
graphite and vanadium junior Syrah Resources have been doubted
by analysts, saying the deal does not make sense for the
And finally, the Russian government confirms plans to expand
the Taman dry bulk port in Crimea, which will increase mineral
handling capacity, including that of potash and sulphur.