Rare Earth – Mining Weekly reported that, despite reports of numerous rare earth projects ramping to counter the Chinese global monopoly on the rare earth market there is little actual movement, which some are blaming on a lack of funding.
Rare Earth – Bloomberg reported that Germany is trying to encourage companies to harvest materials like rare earths from recycled materials to assist in their efforts to become less reliant on imports.
Rare Earth – Reuters reported that stock price of Molycorp tumbled as they announced that they have delayed release of financial results, which are expected to reflect a hefty impairment charge.
Rare Earth – China took another step toward exercising further control over the rare earth sector with the announcement that it plans to put a national pricing system for the metals in place in September.
Rare Earth – With rare earth prices falling alongside company share prices many rare earth companies are highlighting their heavy rare earth deposits which are of higher value.
Rare Earth – Rare earth prices have been falling over the past couple of months. In an attempt to stop the price plunge and take back control, Chinese rare earth companies have stopped production and the government has announced new regulations. However, this may not stop the downward momentum.
Rare Earth – Bloomerberg reports that rare-earth companies in China rose in Shanghai and Shenzhen trading after the government announced plans to further develop the industry.
Get our independent commentary on resource trends and companies delivered to your inbox.
