Rare Earth – Geomega Resources Inc. has signed a non-binding letter of intent (LOI) with Innovation Metals Corp. for the processing of neodymium concentrate in Becancour, Quebec, derived from the company's Montviel rare earth element (REE) project.
Rare Earth – The New York Times reported that researchers are looking to reduce demand for rare earths by using less material in motors.
Rare Earth – Critical Strategic Metals reported that the drop in rare earth prices is partly due to manufacturers seeking alternative inputs.
Rare Earth – As the trend of tight supply in the rare earth market persists, high prices with seemingly no end in sight have have forced some companies to relocate to China, suspend or even halt production.
Rare Earth – Rare earth elements are used in a wide array of weapons systems used by the US military, however, there is currently no domestic production of the metals. This is catching the eye of congress as the US military and national defense is at the whims of Chinese trade policy.
Rare Earth – Reuters Canada reports that shares of Rare Element Resources (CVE:RES) jumped more than 13 percent on Monday.
Rare Earth – Reuters reports that car industry experts foresee problems if exports of rare earth metals from China needed for car production are threatened.
Rare Earth – Ahead of the G20 summit in South Korea business leaders from the US and Europe urge the leaders of the worlds largest economy to spark debate over rare earth policy.
Rare Earth – Businessweek.com reports that Rare-earth elements help BlackBerrys with their buzz as well as Toyota Priuses with their battery power.
Rare Earth – Understanding the rare earth markets can be as confusing as pronouncing the various names of the metals. Made up of 17 different elements, ‘rare earths’ are not actually all that rare in the earths crust. However, the economic viability of the processing of ore make them one of the least mined substances in the world. Understanding the different elements and their uses is essential for taking advantage of this growing market.
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