source：Proactive Investors AustraliaArafura Resources Ltd (ASX:ARU) has revealed a fully underwritten 7 for 20 non-renounceable entitlement offer at 8.5 cents per share to raise $23.2 million.The funds raised from this transformational equity raising will be used to accelerate development of the Nolans Project as Arafura aims to become Australia’s next fully integrated neodymium-praseodymium (NdPr) producer.The entitlement offer is fully underwritten by Patersons Securities with Talaxis Limited agreeing to sub-underwrite $7.2 million of the offer.READ: Arafura Resources’ rare earth project has...
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2019
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06
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21
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source：xinhuaChina's economic planner on Monday expressed strong opposition to attempts to use products made with China's rare earth resources against the country's development.'We strongly oppose any attempt to use products made with China's rare earth resources to curb and suppress the country's development,' said Meng Wei, spokesperson with the National Development and Reform Commission (NDRC).Meng made the remarks at a press conference when asked to comment on whether rare earth materials will become China's countermeasure amid the ongoing trade disputes wit...
Release time:
2019
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06
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19
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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/...
Release time:
2019
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06
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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...
Release time:
2019
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06
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17
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