Rare earths latest news

  • May 2015

    Price Briefing 22 – 28 May

    29 May 2015

    India cuts barite tender price; Chinese tax hurts rare earths and lithium gets a boost from short supply.

  • Greenland Minerals and Energy aims to rival rare earths suppliers to Europe by 2019

    28 May 2015

    Low European logistics costs could see GMEL rival Asian rare earths suppliers within the next four years should the company, which has just completed its feasibility study, raise finance and construct its mine on schedule. Economies of scale and by-product revenues could sweeten the $1.36bn capex requirement.

  • Molycorp net losses widen as production ramp up continues

    28 May 2015

    Continued listing for Molycorp on the NYSE is looking increasingly unlikely, as the company’s net losses mount up. While it now has liabilities of $1.79bn, production and sales volumes continue to increase and the company’s creditors are sustaining both their industry caution and patience.

  • China allows 105,000 tonnes rare earths production as new taxes arrive

    28 May 2015

    Dominated by light rare earths, China has announced its production quotas for 2015. The majority has been assigned to China North Rare Earth Group, but, where unspecified, provincial governments may distribute their quota to companies by choice.

  • Rare earths companies battle for control in southern China

    28 May 2015

    Local government-backed companies are trying to fend off other consolidated entities given support by the central Chinese government. With many heavy rare earths-rich resources in the south of China, the stakes are higher than in the north, where consolidation has passed comparatively more easily.

  • Tax reforms fail to boost Chinese rare earths market

    27 May 2015

    China’s new resource tax system raises mine gate prices for rare earths but has done nothing to boost market selling values, meaning that downstream companies, which are already burdened by overcapacity and weak demand, are coming under even more pressure.

  • Environmental regulations help push up China Northern Rare Earth income

    27 May 2015

    After a poor financial showing in 2014 for most rare earths companies, a substantial increase in turnover could be indicative of a stronger start to the year for China Northern, the largest Chinese rare earths producer.

  • Greenland Minerals and Energy FS estimates $1.36bn cost for rare earths project

    26 May 2015

    A big capex figure is likely to make the funding stage of project development for Kvanefjeld difficult, particularly with the current depressed state of the ASX. Low opex figures could see the project carried more easily, however.

  • IM Rare Earths News in Brief 18 – 25 May

    26 May 2015

    Geomega announces new rare earth recovery rates; Medallion advances metallurgical testwork; Hastings commences 2015 drilling programme; Commerce concludes first phase of its 2015 drilling programme.

  • China tells WTO it has scrapped rare earths export restrictions

    21 May 2015

    The world’s top rare earths producer has moved to assure the global trade regulator that it has complied fully with rulings handed down last year to liberalise trading of rare earths, however the US has expressed scepticism over whether the WTO demands have been implemented in the spirit in which they were intended.

  • IM Rare Earths News in Brief 12 – 18 May

    18 May 2015

    Stans announces new arbitration proceeding against Kyrgyzstan; Frontier releases positive PFS for Zandkopsdrift; SourcingLink finds rare earths mineralisation adjacent to Commerce’s Ashram project.

  • China to produce 105,000 tonnes rare earths in 2015

    15 May 2015

    Dominated by light rare earths, China has announced its production quotas for 2015. The majority has been assigned to China North Rare Earth Group, but, where unspecified, provincial governments may distribute their quota to companies by choice.

  • Political unrest threatens rare earths in Burundi

    15 May 2015

    Guernsey registered Rainbow Rare Earths’ Gakara project is located just 40km from the Burundian capital, Bujumbura, which is being rocked by violence and was the scene of a coup earlier this week in protest over incumbent president Pierre Nkurunziza’s intention to serve a third term in office.

  • Tantalus targets European market as it seals rare earths deal with ThyssenKrupp

    14 May 2015

    The company’s CEO expressed excitement at sealing its second commercial rare earths agreement. This agreement news will help Tantalus to push ahead with its strategy to commence commercial production at its Madagascan TRE project in the second half of 2016.

  • New antimony trading house to capitalise on market fragmentation

    13 May 2015

    Antimony is not the largest nor the most liquid market, and until recently it has been served by the big trading houses. However, changes to the supply picture have proved attractive enough to warrant a trading house from Geodex Minerals.

  • Qingdao Customs takes out $17.7m rare earths smuggling operation

    11 May 2015

    Ending illegal mining and smuggling of rare earths has been a priority for the Chinese government in the sector since 2013. Operating at lower standards than corporate producers, the practice has been accused of causing significant environmental damage and has dented the profits of the industry by lowering prices.

  • Rare Earths News in Brief 5 – 11 May

    11 May 2015

    Ucore expands resource estimate in Alaska; Pele finds support from Canadian government tiers; Rare Earth Salts examines commercialisation opportunities.

  • Lanxess reaps rewards of realignment programme with stable y-o-y net sales

    08 May 2015

    For the first time in a few years, Lanxess has avoided a year-on-year drop in its net sales, thanks to its realignment programme. The Germany-based chemical company, which produces synthetic iron oxide, is in the second phase of its three step cost reduction programme.

  • Price Briefing 1 – 7 May

    08 May 2015

    Weak steel market hits graphite but refractory grade olivine remains unscathed; antimony prices stabilise.

  • Molycorp net losses widen as production ramp up continues

    07 May 2015

    Continued listing for Molycorp on the NYSE is looking increasingly unlikely, as the company’s net losses mount up. While it now has liabilities of $1.79bn, production and sales volumes continue to increase and the company’s creditors are sustaining both their industry caution and patience.

  • Solvay posts 6.4% increase in sales as US dollar drives performance

    06 May 2015

    Like many other businesses operating in euros, Solvay has benefited from the European currency's depreciation against the US dollar. The group has seen a strong performance from its soda ash and derivatives segment and anticipates a growth of 2.5m tpa extra soda ash capacity in the market between 2017 and 2019.

  • WIOML 2015: India is not the next China

    05 May 2015

    Hope that India may take the place of China at the high-consumption commodities table is misplaced, delegates at WIOML were told. Substantial legislative challenges and new barriers to entry in manufacturing are unlikely to be solved quickly. As a result mineral pricing is not due a buoyant renaissance.

  • IM Rare Earths News in Brief 28 April – 4 May

    05 May 2015

    Ucore reaches 99.2% pure samarium and gadolinium separation; Ressources Geomega completes Montviel flowsheet; Cerium-doped magnets may displace dysprosium in high temperature applications.

  • China confirms rare earth resource tax rates

    05 May 2015

    The Chinese government has outlined the formula for calculating new taxes on rare earths exports from China, which will replace resource compensation fees and remove provincial government authority, helping to ease some of the financial burden faced by rare earths producers in the country. The new regulations have been welcomed as fair, and could potentially help to push up export prices.