Rare earths latest news

  • December 2015

    Slow exports drag down Chinese rare earths prices

    31 December 2015

    Weakness blamed on Christmas holidays in purchasing destinations but some expect market to stabilise in January.

  • India’s CCI approves Lanxess-Aramco synthetic rubber JV

    30 December 2015

    The green light from the Indian regulator means the German-Saudi deal has surmounted yet another hurdle in the companies’ plan to establish a major new synthetic rubber manufacturing business.

  • India’s CCI approves Lanxess-Aramco synthetic rubber JV

    30 December 2015

    The green light from the Indian regulator means the German-Saudi deal has surmounted yet another hurdle in the companies’ plan to establish a major new synthetic rubber manufacturing business.

  • Ganzhou Rare Earth Industry Association raises guidance prices by 8-9%

    30 December 2015

    The association has raised its guidance prices on evidence of lower ore inventories and stronger downstream demand.

  • Molycorp estimates show liquidation would result in unpaid debts

    29 December 2015

    Court documents have revealed that should the former rare earths producer be liquidated, more than 1bn in debt would go unpaid. While its plants to exit chapter 11 bankruptcy have been a point of contention on the basis that they give creditor Oaktree Capital too much power, Molycorp is arguing it would be more favourable for lenders.

  • Uncooperative miners hamper the “last mile” of rare earth consolidation

    22 December 2015

    A number of small miners who are yet to be consolidated, despite being on an elimination list or signed up to being absorbed by a big six rare earths producers, are engaging in delaying and deferment tactics, slowing reform of the sector in China.

  • IM Rare Earths News in Brief 15 – 21 December

    21 December 2015

    Rare Element testwork reveals positive separation results as company elects to cut staff and delist from TSX; Spectrum suspends Skyfall development permanently owing to metallurgical complexities and low prices; Stans arranges shares for debt agreement with COO.

  • Dubbo zirconia project granted mining lease

    21 December 2015

    Alkane has taken a step closer to full project approval in New South Wales. Dubbo now requires only an environmental protection licence.

  • Mines and Money 2015: Greenland open for mining business

    21 December 2015

    Country currently lags Scandinavia in mineral exploitation, but several companies are expected to fast-track local projects over the next two-to-three years.

  • Molycorp fails to secure bidders

    21 December 2015

    Company attempts to exit bankruptcy proceedings, but no bidders keen to buy entire business.

  • IM Rare Earths News in Brief 8 – 14 December

    14 December 2015

    No bidders for Molycorp as single entity according to reports; Ossen profits up over 600%; Tantalus signs agreement for the sale of TRE project stake to exit insolvency proceedings.

  • China reportedly setting up state-owned bad debt fund to aid floundering miners

    10 December 2015

    The country’s mining industry has some of the largest debts in the business and a state-owned fund could help companies struggling with high repayment costs. Lengthening the industry’s correction could draw out the pain being experienced by the extractive industries, however.

  • IM Rare Earths News in Brief 1 – 7 December

    07 December 2015

    Mkango Resources publishes updated prefeasibility study; Tasman Metals Ltd completes beneficiation pilot plant test on rare earths from Swedish project; DOE selects 10 projects to receive funding for recovery of rare earths from coal.

  • Mines and Money ’15: Greenland open for mining business

    02 December 2015

    The sparsely populated North Atlantic country currently has no active mines, however its Oil and Mineral Strategy 2014-18 aims to bring between at least three into operation by 2018.

  • Molycorp requests data seal in Chapter 11 bankruptcy plan

    02 December 2015

    As the US rare earths producer approaches a creditor vote on its options to exit bankruptcy, it has asked that parts of its plans be kept secret in order to protect financial information from companies that may bid on it.

  • Orbite receives notice of allowance for red mud monetisation patent in Australia

    02 December 2015

    The Canadian company is expanding its intellectual property portfolio in Australia to develop its chloride technology. The innovation can transform red mud and fly ash into a high value mineral feedstock by extracting all the valuable constituents, including rare earths and alumina.

  • November 2015

    IM Rare Earths News in Brief 24 – 30 November

    30 November 2015

    Lynas unaware of any un-announced reasons for share price growth; GMEL sees public pre-hearing white paper approved; Research in Slovenia cuts rare earth requirement in magnets by 16 times.

  • Academics bemoan lack of clarity on China

    30 November 2015

    Universities lack data on Chinese deposits; Geological origin of Bayan Obo disputed while classifications in southern China uncertain.

  • Australia mining investment to drop 58% over next three years

    30 November 2015

    The Australian mining industry continues to be squeezed by a global oversupply of most commodities and a slowdown in demand from China. According to an Australia-based industry analyst, these factors are stifling Australian economic growth and will cause thousands of job losses in the next three years.

  • Avalon to delist from NYSE

    30 November 2015

    A struggling share price necessitated the move by the junior explorer, which has lithium and rare earths interests in Canada. The company will continue to trade in on the TSX and over the counter in the US.

  • Waxing and waning rare earths

    27 November 2015

    Europium, one of the higher priced heavy rare earths, is unlikely to see a rebound in demand as its main end market, phosphors, loses ground to LED lighting.

  • BCGS Symposium: Minds gather in Canada for rare earths research

    27 November 2015

    Metallurgy remains barrier to market entry, but new technology is a big risk game.

  • Price Briefing 20 – 26 November

    27 November 2015

    Iodine, magnesia, potash, rare earths and TiO2 prices all down on earlier in the year, as oversupply and weak Chinese consumption erode markets.

  • Rare earths prices fall back after rally

    25 November 2015

    Lanthanum and europium prices sink while dysprosium and mixed magnet oxides fare better.

  • China to strengthen rare earth exploration and mining regulations

    24 November 2015

    Extra restrictions are to come into force to further tie down rare earths production to only the big six producers in China.

  • IM Rare Earths News in Brief 17-23 November

    23 November 2015

    Lynas Corp. wants to shift to long-term contract purchases; Geomega reduces director compensation; Pacific Wildcat sees project site destroyed in Mozambique.

  • Madagascar to pass new mining code by start of 2016

    23 November 2015

    The African island nation, which has reserves of graphite, gypsum and ilmenite, is expected to pass its revised mining law in the next few months. It is the latest African country to reform its mining legislation in an effort to create an attractive environment for foreign direct investment.

  • Xiamen Tungsten scoops rare earth magnet project funding

    17 November 2015

    Magnets are understood to be an increasingly important source of demand for rare earth elements. A new raft of investment will add 600 tpa extra capacity to the company’s downstream NdFeB manufacturing base.

  • BCGS Symposium: Rare earth metallurgy remains extremely complex

    17 November 2015

    Metallurgical challenges in the rare earths sector are some of the toughest in the mining sector, delegates at the BCGS Strategic and Critical Materials event in British Columbia, Canada, heard last week. Despite this, full and proper piloting and a number of new technologies could see new market entrants overcome these obstacles.

  • IM Rare Earths News in Brief 10 – 16 November

    16 November 2015

    PFS results for Songwe Hill and Yangibana; Frontier reports increased loss for Q3; Goa among Indian states to be mapped for rare earths reserves.

  • BCGS Symposium: Look at limestones for rare earth exploration

    13 November 2015

    Publicly funded academia is still on the hunt for new rare earths deposits from both a scientific interest perspective and in the hope of finding potentially mineable deposits. Those looking for profitably exploitable deposits should look to limestone and marble rocks with strong alkaline igneous activity nearby, delegates attending the Symposium on Strategic and Critical Materials were advised.

  • Illegal rare earth mine in Hainan province uncovered

    10 November 2015

    China recently promised a crackdown on illegal rare earths mining, which may already be bearing fruit. Around 100 tonnes rare earths has already been produced at the site discovered in Hainan province, which may have been hidden and protected by local government officials, according to a local paper.

  • Bondholders and unsecured creditors “in revolt” over Molycorp’s bankruptcy exit plans

    10 November 2015

    Molycorp’s unsecured lenders are reportedly unhappy with the company’s plans for leaving bankruptcy, which would involve either a full segmented asset sale or the wiping of much of its debt, both scenarios which the non-senior creditors claim will unduly favour Oaktree Capital.

  • IM Rare Earths News in Brief 3 – 9 November

    09 November 2015

    Chinese rare earths miners produce mostly losses; Tantalus enters preliminary insolvency proceedings; Northern Minerals cuts pay for executive staff and issues redundancy notices.

  • Price Briefing 30 October – 5 November

    06 November 2015

    Amorphous graphite and soda ash face future price pressure while lithium and rare earths rise.

  • China Northern to raise prices for Pr-Nd as MIIT announces fresh assault on illegal mining

    04 November 2015

    The Ganzhou Rare Earth Association and China Northern have announced some of the first price rises in the rare earths industry since the summer, after a torrid year of near-continuous pricing declines. Meanwhile, the MIIT has announced a renewed focus on eradicating illegal mining capacity.

  • Molycorp at crossroads as miner considers restructuring or full asset sale

    04 November 2015

    In an attempt to exit bankruptcy protection measures, Molycorp has put forward a plan proposing two options. The company will either be split up and be sold, or will write-down its debts to creditors, and emerge as a continued single entity.

  • Luxfer sues Molycorp subsidiaries over rare earth imports to UK

    03 November 2015

    Luxfer, a manufacturer and supplier of high-performance materials and gas cylinders, claims that its subsidiary’s patent is being infringed by two companies owned by Molycorp, which until recently was one of only two non-Chinese rare earth miners.

  • IM Rare Earths News in Brief 27 October – 2 November

    02 November 2015

    Peak begins pilot plant operation; GMEL receives positive results from pilot testing; Researchers identify new phosphors with lower rare earth consumption needs.