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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
source:Nikkei Asian ReviewMUMBAI/NEW DELHI -- Three Indian state-run companies are forming a joint venture to secure minor metals such as lithium and cobalt that could fuel India's plan for mass adoption of electric vehicles by 2030.National Aluminum, Hindustan Copper and Mineral Exploration Corp. plan on exploring mines in Argentina, Bolivia, Chile and other countries for metals used to produce EV batteries, besides building strategic reserves of tungsten, nickel and rare earths.India's efforts toward securing a supply of minor metals, experts say, is crucial at a time when China is threateni...
Release time: 2019 - 07 - 01
source:Argus MediaA group of stakeholders from the rare earth supply chain met yesterday in Brussels to establish a global association to develop an integrated, de-risked and sustainable value chain for rare earth materials.The Rare Earth Industry Association (REIA) was founded by 12 organisations — Chinese producer Golden Dragon, trading firm Noble Group, Japan's Mitsubishi Research, B&C Speakers Italy, JL Mag Europe, Danish pump manufacturer Grundfos, German recycling firm RockLink, French rare earths recycler Carester, Germany's Brugger Magnets, the Chinese Urban Environment Institute, ...
Release time: 2019 - 06 - 28
source:Investing News Network (blog)Australia-listed diversified explorer Vital Metals is switching gears to focus on rare earths exploration in Canada and Tanzania.Capitalizing on the growing global appetite for rare earths, diversified explorer Vital Metals (ASX:VML) is switching gears to focus on rare earths exploration in Canada and Tanzania.In order to facilitate this shift, Vital will acquire private Luxembourg-based Cheetah Resources, a rare earths company founded by ex-Lynas (ASX:LYC,OTC Pink:LYSCF) management.Rare earths have been dominating the news cycle lately on the back of fears ...
Release time: 2019 - 06 - 27
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