Rare earths latest news

  • April 2015

    China slaps new resource tax on rare earths

    29 April 2015

    The new levy has been greeted with a sigh of relief by China’s rare earths industry, which had feared that it would be forced to adopt punitive tolls on production. Although the formula for calculating the new tax, which will be linked to rare earths prices, has yet to be released, industry observers regard the new measure as even and fair.

  • Wind energy market offers double boost for cleantech minerals

    28 April 2015

    Saft wins Li-ion contract for Faroe Island wind farm; Siemens taps Molycorp for turbine magnet rare earths while investment in wind energy continues to grow.

  • IM Rare Earths News in Brief 21 – 27 April

    27 April 2015

    Rare Element Resources agrees to sell shares, Namibia Rare Earths unveils exploration costs for Lofdal project and Peak Resources focuses on producing neodymium and praseodymium to feed demand in growing magnet market.

  • Lynas achieves positive free cashflow for the first time in March

    24 April 2015

    Lynas may be battling against a pricing poor environment for rare earths, but the company is making significant headway in improving the going viability of its business. A positive free cashflow is a further step in the right direction for the Australian miner.

  • Storage solutions: why battery developments are forcing utility change

    24 April 2015

    Disruptive technologies, including battery storage, smart meters and other energy gadgets, are driving change to the traditional utility model around the world, which could in turn increase the demand for critical energy minerals such as lithium, graphite and rare earths.

  • Canada dedicates C$23m to rare earths and chromite research in 2015 budget

    23 April 2015

    How much of the C$23m will be allocated specifically to the chromite industry remains unclear, but the 2015 Canadian budget allocation for rare earths research has been applauded by the industry. Money will be delivered to companies working in separation and development technology for rare earths, a significant development in a tough project finance market.

  • Chinese State Council officially cancels rare earths export taxes

    23 April 2015

    The reporting of the State Council’s decision by the Ministry of Finance will finally put to bed any uncertainty regarding the abolition of the surcharges on the technology metals shipped to overseas buyers. Whether or not the government will implement resource taxes in place of export taxes to retain control of the industry remains to be seen.

  • IM Rare Earth News In Brief 14 – 20 April

    20 April 2015

    China is busy getting a handle on foreign investors in its rare earths industries and private placements are a popular way to raise extra capital, although not always fully subscribed.

  • CRM Alliance: fighting for critical raw materials

    16 April 2015

    Speaking out at a meeting in Brussels this week, a member of the European Parliament said that communication should be at the centre of creating an effective critical raw materials policy. But with pressure on the European Commission mounting, and industry facing various trade obstacles, is the message really getting through?

  • Chinese rare earths producers report first ever collective loss

    16 April 2015

    Continued weakness in rare earths prices led to the Chinese industry reporting its first overall financial loss for the full year 2014. After showing signs of picking up from winter lows, prices now appear to be softening again.

  • Rainbow Rare Earths to offload entire production to ThyssenKrupp

    15 April 2015

    The UK-based explorer has signed an offtake with a subsidiary of the German engineering group to supply 5,000 tpa rare earth oxides from its project in Burundi, which consists principally of lower value light rare earths.

  • Siemens selects Molycorp as rare earths supplier for wind turbine magnets

    15 April 2015

    In a welcome break from consistently poor earnings results and processing difficulties, Molycorp has signed a supply agreement with a large international conglomerate operating in the high-tech industries in which rare earths are heavily used.

  • IM Rare Earths News in Brief 8 – 13 April

    13 April 2015

    China North expands reach with New Damao stock acquisition; Montero reports encouraging results from bulk leach tests on Wigu Hill ore.

  • China announces first rare earths production quotas for 2015

    13 April 2015

    China’s MIIT is to allow increased output of rare earths from domestic producers this year as it forecasts a recovery in the sector. However, signs that major importers like Japan are looking to reduce their reliance on Chinese minerals may mean this move is over optimistic.

  • Price Briefing 3 – 9 April

    10 April 2015

    Barite prices confirmed as flat despite Indian market ructions; rare earths broadly steady as dysprosium rises.

  • Low opex sweetens light rare earths distribution for Rainbow

    09 April 2015

    Rainbow Rare Earths has just received a $12m investment from Pala Investments, which it expects will enable it to bring the Gakara project in Burundi to full production. The low capital intensity project will not suffer from its light rare earths-dominated product basket, owing to an industry-leading grade figure and low opex costs, its managing director told IM.

  • Rare earths prices hold on as market confidence gains

    09 April 2015

    A belief that demand and prices for rare earths used in magnets is turning positive is backed by flat and even slightly stronger prices for the minerals, which saw a steady decline throughout 2014.

  • Chinese rare earths producers report steep fall in profits

    07 April 2015

    Price falls throughout 2014 had a negative effect on Minmetals and China North, some of the largest producers of rare earths in China. Spring Festival effects on magnet exports were relatively limited this year, indicating that the a rare earths magnet industry renaissance may be starting to become reality.

  • IM Rare Earths News in Brief 31 March – 7 April

    07 April 2015

    GWMG and Frontier look to restructure in tough rare earths and financing climate; Kvanefjeld project permitting on the horizon; Rare Earth Salts loses out on city funding.

  • South Africa seeks legal ruling on black ownership of mining projects

    02 April 2015

    The 2004 Mining Charter stipulates that black South Africans must own a 26% share in all mining assets in the country – with the deadline for compliance expiring last year. Mining companies argue that the legislation does not provide for disposal of shares by black owners after the threshold has been met, and the industry is anxiously awaiting legal interpretation of this clause to see whether any firms will be penalised.

  • Namibia expands dry bulk port

    02 April 2015

    China Harbour and Engineering Co. starts to expand West African dry bulk port at Walvis Bay.