Source：Science MagazineKUANTAN, MALAYSIA—Companies and governments around the world are anxiously watching the fate of a sprawling industrial facility 30 kilometers north of this city on the east coast of peninsular Malaysia.The 100-hectare Lynas Advanced Materials Plant (LAMP) produces 10% of the world’s output of rare earth oxides (REOs), minerals needed in technologies including mobile phones, hard drives, fiber optic cables, surgical lasers, and cruise missiles. Lynas, an Australian company, imports concentrated ores from mines on Mount Weld in Australia and refines them here in Malaysia, ...
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Source:RU Daily TargumA research team at Rutgers offered findings on a new source of rare earth elements, as well as how to extract them.The term “rare earth element” (REE) refers to a series of chemical elements called lanthanides, which encompass a row in the periodic table. Though they are not actually rare, they are considered so because they do not occur often in concentrated deposits, said Paul Antonick, a graduate student in the Department of Materials Science and Engineering. “This makes extracting them difficult, because there is a small amount of them dispersed over large areas,...
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2019
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Source:Reuters(Reuters) - Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that it had made a bid to acquire niche rare earths miner Lynas Corp Ltd for A$1.50 billion ($1.07 billion) in cash.For Wesfarmers, the deal opens up a strategic play on a struggling niche producer with an asset in its homebase of Western Australia, and which is the world’s sole producer outside China of the rare earths needed in everything from electric vehicles to iphones.It comes as Lynas’s shares have dragged along near 18-month lows as it faces hurdles over environmental license in Malaysi...
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2019
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Source：Those who have worked in the business as long as I have will easily remember the rare earth mania of 2008–11. For about three years following China's export restrictions on rare earth elements, which hiked the prices of REEs to record highs, the junior resource market was awash with new rare earth explorers.These tiny companies fanned out across (mostly) Canada, the U.S. and Australia in search of the next rare earths motherlode that would break the world's dependence on China, which then and now has a monopoly—the country either mines or processes something like 95% of the 17 r...
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2019
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