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source:Green Car CongressWith total magnet rare earth oxide demand forecasted to increase at a CAGR of 9.7% and prices projected to increase at CAGRs of 5.6% to 9.9% over the same period, Adamas Intelligence forecasts that the value of global magnet rare earth oxide consumption will rise five-fold by 2030, from US $2.98 billion this year to US $15.65 billion at the end of the decade.Constrained by an expected under-supply of neodymium, praseodymium and dysprosium oxide from 2022 onward, Adamas Intelligence forecasts that global shortages of NdFeB alloy and powder will amount to 48,000 tonnes a...
Release time: 2020 - 08 - 19
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source:South China Morning PostTokyo to help Japanese firms obtain stakes in overseas mines and increase stockpile of the minerals, vital to the technology and defence industries. Japan is moving to increase its stockpiles of rare earth minerals and will help domestic companies to obtain stakes in overseas mines and the ability to process raw materials into the valuable minerals required for next-generation vehicles, communications equipment and other cutting-edge technologies.The US is the world’s largest importer of rare earths from China, with 59 per cent of its imports coming from Chi...
Release time: 2020 - 08 - 18
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source:Reuters(Adds details on capital raising, Refinitiv estimates for annual loss, background on new plant)Aug 17 (Reuters) - Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia.Lynas expects to process low-level radioactive material from its Mt Weld mine at the new cracking and leaching plant in Kalgoorlie in Western Australia, shifting part of its operations off its Malaysian plant where it has faced stiff opposition due to...
Release time: 2020 - 08 - 17
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source:StockhouseDefense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) announced today an additional update with respect to flotation pilot plant processing of its Wicheeda Rare Earth Element (REE) Property bulk sample at the SGS Canada Inc. Lakefield, ON metallurgical test facility.The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO [1].To date a total of 20 pilot plant processing runs have been completed since initiation of pilot plant testwork o...
Release time: 2020 - 08 - 14
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