source：SMM - Shanghai Metals Market (press release)For light rare earth, higher ore prices and market optimism bolstered prices of praseodymium-neodymium oxide to 360,000-365,000 yuan/mt, even though downstream consumption did not see strong performance. Prices of neodymium oxide followed praseodymium-neodymium oxide higher, rising to 365,000-370,000 yuan/mt.Light rare earths received a boost from higher ore prices and positive signals from central authorities, but a supply surplus will cap gains.Prices of rare earth carbonate averaged 29,000 yuan/mt as of June 14, sharply up from 20,000 yuan/...
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2019
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source：Caixin GlobalThe drop in China’s rare-earth exports last month was due to “market changes” rather than deliberate restrictions, the country’s commerce ministry says, amid speculation that China could cut off supplies of the minerals to the U.S. as part of an ongoing trade conflict.China has not taken any new measures to control the trade in rare earths, ministry spokesperson Gao Feng said at a Thursday briefing, state news agency Xinhua reported. Gao was responding to a reporter’s question about the 16% decrease in rare-earth exports from April to May recently announced by customs autho...
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2019
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source：BloombergRomania is re-opening mines for rare Earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.The government is renewing operations at three mines that produce rare metals, including europium and dysprosium, for the first time in three decades, Economy Minister Niculae Badalau said in an interview in Bucharest. Talks with electric battery manufacturers are ongoing for an investment of more than 50 million euros ($57 million), he said.“We want to become a member of the European Battery Allia...
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2019
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Source：Fox BusinessAn official with MP Materials, the only rare earth mining and processing site in North America, told FOX Business he doesn’t foresee the Trump administration Opens a New Window. taking control of the mine.“I really don’t think it’s a realistic consideration because by the time that happens, we are already profitable, we’re producing,” MP Materials co-chairman James Litinsky said during an exclusive interview on 'Countdown to the Closing Bell Opens a New Window. .' “Why would they just sign a contract like they do with Lockheed Martin or Boeing or anybody?”In 20...
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2019
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