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source:Argus MediaThe Chinese government will remove a 25pc tariff on US imports of rare earth metal ores from 19 May.Tariffs on US imports of polycrystalline silicon, nickel alloys and titanium pipes will also be removed. The changes will be in place for a year until 18 May 2021.The cancellation of import tariffs on these US imports is expected to ease financial pressure on and reduce production costs for most rare earth separation and processing plants in China. It is also expected to prompt Chinese importers to increase rare earth ore purchases from the US.China has maintained its 25pc impo...
Release time: 2020 - 05 - 13
Search Minerals Acknowledges Junior Exploration Assistance From Government of Newfoundland and Labradorsource:GlobeNewswireSearch Minerals Inc. (“Search” or the “Company”) (TSXV: SMY), is pleased to acknowledge receipt of a grant of $57,600.62 from the Province of Newfoundland and Labrador towards exploration work completed in 2019 on the Company’s Critical Rare Earth Element (CREE) claims located near the communities of St. Lewis and Port Hope Simpson in Southeastern Labrador.Greg Andrews, President and CEO of Search Minerals states, “Search is very appreciative of the Junior Exploration Assi...
Release time: 2020 - 05 - 12
source:Laramie BoomerangWyoming’s current coal market decline coincides with a sudden national awareness of the serious shortage of certain critical materials, including several with deposits located in the state.With residents and lawmakers scrambling for new economic avenues, could Wyoming be the nation’s new go-to source for rare earth elements that now come mainly from China?Last week, U.S. Sens. Mike Enzi and John Barasso sent letters to the Secretaries of Defense and Interior urging the Department of the Interior “to support the full range of domestic rare earths supply chain development...
Release time: 2020 - 05 - 11
source:ReutersBEIJING (Reuters) - China’s rare earth exports fell 22.2% month-on-month in April, customs data showed on Thursday, easing from a spike in March that saw ports clear shipments held up by coronavirus-related curbs on transport and as the pandemic hits overseas demand.Shipments totalled 4,316.7 tonnes last month, the General Administration of Customs said, down from 5,551.4 tonnes in March, which was the highest monthly figure in records going back to June 2014, and down 0.3% from a year earlier.In the first four months of 2020, China exported 15,357.3 tonnes of rare earths, down 1...
Release time: 2020 - 05 - 08
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