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source:S&P GlobalRussia produced only around 2,600 tonnes of rare earth oxide in both 2017 and 2018, about 2% of global output, despite having the world's fourth largest reserves of the group of 17 metals with unique electronic and magnetic properties which are vital to most modern electronic products.China's virtual monopoly on the supply of the metals, which comprise the 15 lanthanides, scandium and yttrium, slid into focus once more at the end of May as trade tensions with the U.S. boiled over, yet again raising the profile of alternative sources. China produced 120,000 tonnes o...
Release time: 2019 - 07 - 05
source:Yahoo FinanceKUALA LUMPUR, Malaysia, July 4, 2019 /PRNewswire/ -- In recent weeks, the global rare earth industry has taken centre stage in the trade discussions between the US and China. Rare Earths are essential inputs to the automotive industry and will become more important with the growth in electric vehicles, the electronics industry, Oil & Gas and renewable energy. China currently dominates the Rare Earths industry with over 80% share. With these recent tensions industrial users all over the world are concerned about continuing supply. Malaysia is uniquely positioned to ...
Release time: 2019 - 07 - 05
source:Mining TechnologyMkango Resources and MetalNRG have agreed to terminate the non-binding heads of terms agreement announced in April, which set out the company’s intention to enter an earn-in agreement for Mkango’s Thambani Licence in Malawi.The firms were to enter into a binding definitive agreement on or before 30 June.Under the non-binding heads of terms agreement, MetalNRG had to invest up to $2m on exploration to earn the interest. MetalNRG was also required to invest $500,000 on exploration within the Thambani licence within one year of the date of the definitive agreement, includi...
Release time: 2019 - 07 - 03
source:BloombergIndustries around the world producing a host of electrical appliances will increasingly be forced to compete for rare-earth magnets with China’s burgeoning market for new energy vehicles, according to one Beijing-based magnet producer.Jingci Material Science Co. is expanding its production capacity of neodymium-iron-boron -- NdFeB for short -- magnet material to 8,000 tons by the end of the year, from about 6,500 tons currently, sales director Qiu Yi said on the sidelines of an industry conference in Shanghai last week. The eventual goal is to raise capacity to 12,000 tons, he ...
Release time: 2019 - 07 - 02
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