Rare earths latest news

  • July 2015

    Showa Denko to dissolve Chinese rare earths subsidiary

    31 July 2015

    Considering the burden of doing business from China to Japan too great, Showa Denko is to consolidate its two Chinese arms into one company – focusing its sales on Chinese markets, which are not subject to the 2012 rare earth export duty.

  • Price Briefing 24 – 30 July

    31 July 2015

    Bromine bounces back while graphite remains stable; rare earths and TiO2 continue to slide.

  • China quality watchdog releases findings of magnesia brick and rare earths inspections

    30 July 2015

    Both magnesia-carbon bricks and rare earth oxides recorded high qualification rates when assessed against national quality standards. The tests are designed to improve the overall value of Chinese output of these products and encourage better manufacturing practices and volume control.

  • Rare earths prices weaken further as confidence in Chinese stockpiling wanes

    28 July 2015

    Expectation that SRB will buy up production fades, forcing producers to cut output.

  • IM Rare Earths News in Brief 21 – 27 July

    27 July 2015

    Inner Mongolia rare earths exports up 36.5% for H1 2015; Peak Resources closes first A$29.5m financing tranche; Commerce encounters highest grade to date at Ashram; Search minerals named defendant in former partner lawsuit.

  • Molycorp secures $130m DIP bankruptcy funding

    23 July 2015

    In receiving the largest tranche of its planned bankruptcy financing package, Molycorp has staved off its low prices and debt demons for the immediate future.

  • Danakali reduces water requirement

    22 July 2015

    A reduction of 60% in Colluli’s water requirement is magnified in its importance by the arid desert surroundings of the project, where water is hard to source.

  • Molycorp files for bankruptcy

    22 July 2015

    Debts of $1.7bn push company into insolvency with a subsequent delisting from NYSE expected. However, restructuring could give the company a “new lease of life”.

  • IM Rare Earths News in Brief 14 – 20 July

    20 July 2015

    Molycorp does not anticipate full Mountain Pass closure; TRER signs JV agreement with K-Tech; US Rare Earths steps back from IPO; Peak commences drilling programme at Ngulla; Hastings continues drilling campaign at Yangibana.

  • Lynas’ revenues jump 74% as rare earths production rises

    17 July 2015

    Debottlenecking appears to be working at Lynas’ Mount Weld rare earths mine in Australia and at its LAMP production facility in Malaysia. Substantial barriers to future profitability, including historically low prices and large debts, remain, however.

  • Fanya rare earths exchange investors demand money back

    16 July 2015

    The Fanya Metal Exhange, a significant Chinese trading post for rare earths, has seen investors protest outside its offices this week. They are demanding their money back for products which they claim have changed, in addition to controls on withdrawal amounts.

  • Kenya to enact new mining law by September

    14 July 2015

    East Africa’s largest economy is expected to introduce a mining law in September to attract international mining companies to the country and help this sector to grow.

  • IM Rare Earths News in Brief 7 – 13 July

    13 July 2015

    Ucore commissions MRT pilot plant; Tantalus launches claim against investor; Commerce begins second 2015 drilling programme.

  • Montero signs funding agreement with Ovation for phosphate projects

    08 July 2015

    The scale of the funding agreement was not released by Montero, however, Ovation will need to push the company past PFS and BFS to unlock the full benefit from its deal.

  • Mkango to dual list on AIM in attempt to raise capital

    07 July 2015

    A weak investment environment and a set of minerals in a post-hype trough have left Mkango finding it difficult to raise capital on the TSX-V. The company hopes to find better fortune on London’s Alternative Investment Market.

  • IM Rare Earths News in Brief 29 June – 6 July

    06 July 2015

    China Rare Earth chairman faces lawsuit; Northern Minerals extends decision deadline for potential offtake partner; CMI identifies new rare earths recycling method.

  • Molycorp attains $22m emergency funding

    03 July 2015

    The approval is a step in the right direction for Molycorp after funding was refused last week. While $22m is half the originally proposed $44m disallowed during the first set of bankruptcy court proceedings, it will allow the company to operate regular schedules and purchase goods as normal.

  • Mongolia opens door for foreign investment in mining sector

    01 July 2015

    Mongolia’s incumbent Prime Minister has made his first visit to London to court foreign capital for new projects and appeal for investment to develop Mongolia’s mining industry and commercialise strategic deposits.