Source:SafeHaven.comOn Friday the United States made good on its threat to ratchet up the trade war against China, after the two parties failed, after weeks of negotiations, to reach a deal.The Trump administration hiked tariffs on $200 billion worth of Chinese imports to 25% from 10%, adding to the $50 billion in goods already being taxed at that level. The tariff hikes went into effect at midnight on Thursday.The negotiations appeared to be going well up until a couple of days ago, when Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer accused the Chinese of renegi...
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Source:Geomega Resources (TSXV: GMA, OTC PINK:GOMRF) has selected Seneca, a Montreal based engineering consulting firm specializing in industrial process engineering, to complete the Front End Engineering Design (FEED) study for the rare earth recycling demonstration plant with the focus on the permanent magnet industry.As quoted from the press release:The FEED study will produce an externally validated construction and operating cost estimates, project completion schedule, process flow and control diagrams and environmental impact review and process safety measures and provisions that are req...
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Source:Recycling InternationalThe increasing use of rare earth metals in several industries is likely to fuel their demand over the next couple of years.New research from Future Market Insights says the current global market for rare earth metals of more than US$ 3 billion (EUR 2.7 billion) will rise to US$ 7.3 billion by 2026. This represents a 8.5% compound annual growth rate.China not only has the largest deposit of rare earths, it also consumes the most rare earths; almost 105 000 tonnes per year. Japan is second with far less – roughly 25 000 tonnes. The US and Europe follow, consuming ar...
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Source:Phys.OrgKELT-9 b is the hottest exoplanet known to date. In the summer of 2018, a joint team of astronomers from the universities of Bern and Geneva found signatures of gaseous iron and titanium in its atmosphere. Now these researchers have also been able to detect traces of vaporized sodium, magnesium, chromium, and the rare-Earth metals scandium and yttrium.Exoplanets are planets outside our solar system that orbit around stars other than the Sun. Since the discovery of the first exoplanets in the mid-90's, well over 3000 exoplanets have been discovered. Many of these planets are ...
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