Source:BEIJING (Reuters) - China on Friday issued output quotas for rare earth minerals for the first half of 2019 at lower levels than last year’s unusually high amount, leading to concerns the lower supply may not be enough to meet domestic demand.China is the world’s biggest producer of rare earths, a prized group of 17 elements used in everything from ceramics to consumer electronics, and its output quotas — typically announced twice per year — are closely watched.The mining output quota for the first half of 2019 was set at 60,000 tonnes, down 18.4 percent from a year earlier, while the s...
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Source:Science NewsResearchers have examined a method to extract rare-earth elements from mining waste that could provide the world with a reliable supply of the valuable materials.The research, led by Idaho National Laboratory and Rutgers University with support from the Critical Materials Institute, is online and in an upcoming issue of the Journal of Chemical Thermodynamics.Rare-earth elements (REEs) -- a class of metallic elements including neodymium and dysprosium -- are necessary for the manufacture of many high-tech devices including cellphones, computers and wind turbines.REEs are diff...
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Source:ReutersBEIJING (Reuters) - China, the world’s top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday.China has for years been the world’s biggest rare earths exporter, raising shipments overseas by 4 percent year-on-year to more than 53,000 tonnes in 2018, and its emergence as the top importer as well is a sudden and surprising development.The country imported 41,400 tonnes of rare earth oxides and oxide equivalents in 2018, up 167 percent year-on-ye...
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Source:Investing NewsShares of the company were down 9.09 percent on Tuesday (March 12), following the release of the company’s half-year results for the last six months of 2018, which indicated a total loss of US$3.2 million.“From a production perspective, the six months ended 31 December 2018 were challenging, particularly from the operation’s first pit, Gasagwe, which has provided almost all the ore mined from the Gakara project to date,” company CEO Martin Eales said in the press release.Despite production not reaching the estimated targets, it was still up from the previous period. Recent...
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