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source:Green Car CongressDemand growth of the 2020s will soon be dwarfed by the astronomical demand growth of the 2030s, according to a new forecast by Adamas Intelligence. Therein lies the real defining challenge and opportunity facing the global rare earth industry today, the company said.After growing at a CAGR of 6.4% from 2015 through 2019, global consumption of NdFeB alloys and powders will drop by 9.3% in 2020 on account of the ongoing negative effects of COVID-19 on demand for everything from EV traction motors to micromotors and sensors, wind power generators, consumer appliances, cor...
Release time: 2020 - 09 - 30
source:Globe Mining ReviewPensana Rare Earths Plc has announced that Fundo Soberano de Angola (FSDEA), the Angolan Sovereign Wealth Fund, has recently agreed to make a further equity investment in the company of approximately US$8.6 million.The investment will be used to advance the Longonjo project as the first major rare earth mine to be developed in over a decade and to provide general working capital.The investment follows the FSDEA’s earlier investments in the company in March and June 2020 and will increase the fund’s equity holding in the company from 17.7% to 23.1%. These shares will r...
Release time: 2020 - 09 - 29
source:GlobeNewswireVANCOUVER, British Columbia, Sept. 25, 2020 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCPK: MLLOF; Frankfurt: MRDN) – “Medallion” or the “Company”), is pleased to announce the initiation of a comprehensive comparative technical and commercial review of existing and emerging rare-earth element (REE) separation technologies.  Medallion’s REE extraction process from monazite has achieved the technical milestones needed to consider binding downstream partnerships, while the Company’s improved financial position is enabling stronger commitments within ...
Release time: 2020 - 09 - 28
source:Northern News ServicesMomentum continues to build for Canada’s only rare earths minerals development– the Nechalacho project southeast of Yellowknife – which announced this week that a plant to process rare earth concentrates from the NWT is being built in Saskatoon.Cheetah Resources, the Canadian subsidiary of Vital Metals, is overseeing the mining venture at Thor Lake. Cheetah announced on Sept. 22 that it has signed a binding term sheet “to negotiate definitive agreements” to build a $5.25-million rare earth extraction plant in Saskatchewan. Cheetah aims to have the plant functioning...
Release time: 2020 - 09 - 25
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