Source:Popular MechanicsArafura Resources Ltd (ASX:ARU) continues to progress towards finalising offtake agreements for rare earths from its 100%-owned Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory.Notably, the release of the definitive feasibility study (DFS) for the project in February 2019 has been a catalyst for engagement with potential offtake and financing partners.Negotiations during February and March centred on product offtake have been a key focus for the company’s executive team in support of efforts to secure finance for the project.Arafura is targeting cu...
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Source：Science MagazineKUANTAN, MALAYSIA—Companies and governments around the world are anxiously watching the fate of a sprawling industrial facility 30 kilometers north of this city on the east coast of peninsular Malaysia.The 100-hectare Lynas Advanced Materials Plant (LAMP) produces 10% of the world’s output of rare earth oxides (REOs), minerals needed in technologies including mobile phones, hard drives, fiber optic cables, surgical lasers, and cruise missiles. Lynas, an Australian company, imports concentrated ores from mines on Mount Weld in Australia and refines them here in Malaysia, ...
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2019
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Source:RU Daily TargumA research team at Rutgers offered findings on a new source of rare earth elements, as well as how to extract them.The term “rare earth element” (REE) refers to a series of chemical elements called lanthanides, which encompass a row in the periodic table. Though they are not actually rare, they are considered so because they do not occur often in concentrated deposits, said Paul Antonick, a graduate student in the Department of Materials Science and Engineering. “This makes extracting them difficult, because there is a small amount of them dispersed over large areas,...
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Source:Reuters(Reuters) - Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that it had made a bid to acquire niche rare earths miner Lynas Corp Ltd for A$1.50 billion ($1.07 billion) in cash.For Wesfarmers, the deal opens up a strategic play on a struggling niche producer with an asset in its homebase of Western Australia, and which is the world’s sole producer outside China of the rare earths needed in everything from electric vehicles to iphones.It comes as Lynas’s shares have dragged along near 18-month lows as it faces hurdles over environmental license in Malaysi...
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2019
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