source：Proactive Investors Australia-The company has been operating in Greenland for more than a decade and is well-positioned to become a globally significant supplier of rare earth materials critical to electrification of transport systems and energy efficiency through rare earth magnets.Greenland Minerals Limited (ASX:GGG) has achieved advanced permitting status at its 100%-owned Kvanefjeld Rare Earths Project and, with the support of major shareholder Shenghe Resources Holding Co Ltd (SHA:600392), is well on the way towards commercial development.The company expects its environmental impac...
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2020
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source：SMM - Shanghai Metals Market (press release)SHANGHAI, Mar 2 (SMM) – Light rare earth prices in China weakened last week, as downstream consumers held back from making purchases on growing bearishness on future prices after Beijing raised its mining quotas for such materials in the first half of 2020 by more than 10% from a year earlier.SMM assessed prices of spot praseodymium-neodymium oxide at 279,000-283,000 yuan/mt as of Friday February 28, down about 4,500 yuan/mt from a week earlier.Prices of neodymium oxide slipped 4,000 yuan/mt to 290,000-295,000 yuan/mt. The decline was smaller ...
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2020
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source：Bloomberg-In a high-tech twist on hammering pickets into the ground, the U.S. State Department has launched an online tool aimed at staking America’s claim to many of the world’s rare-earth minerals.The U.S. has become increasingly concerned about securing a stable supply of critical minerals used in car batteries, solar panels and wind turbines. Many of those resources are located in emerging markets that may be seen as too risky by American investors looking for “best-in-class” standards.That raises the potential for “two really bad outcomes,” Francis Fannon, the U.S. assistant secret...
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2020
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source：Daily SciencePermanent magnets are those which retain their magnetic properties even in the absence of an inductive field. Permanent rare earth magnets are the strongest available magnets and are broadly based on two rare earth elements – neodymium and samarium. The rare earth here is a misnomer and these elements are abundantly available in the earth crust. However, due to the difficulty of extraction and high-cost involved in the refining and purification process, these metals are costly. Thus, the application areas for permanent rare earth magnets is limited.The permanent rare earth ...
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2020
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