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...
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source：BloombergRomania is re-opening mines for rare Earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.The government is renewing operations at three mines that produce rare metals, including europium and dysprosium, for the first time in three decades, Economy Minister Niculae Badalau said in an interview in Bucharest. Talks with electric battery manufacturers are ongoing for an investment of more than 50 million euros ($57 million), he said.“We want to become a member of the European Battery Allia...
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Source：Fox BusinessAn official with MP Materials, the only rare earth mining and processing site in North America, told FOX Business he doesn’t foresee the Trump administration Opens a New Window. taking control of the mine.“I really don’t think it’s a realistic consideration because by the time that happens, we are already profitable, we’re producing,” MP Materials co-chairman James Litinsky said during an exclusive interview on 'Countdown to the Closing Bell Opens a New Window. .' “Why would they just sign a contract like they do with Lockheed Martin or Boeing or anybody?”In 20...
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source：Reuters China Minmetals Rare Earth, one of the country’s largest rare earth miners, has begun construction of a new mining project in the central province of Hunan, the company said on Tuesday.The project in Jianghua county is expected to begin production in February 2020, with estimated output of 1,800 tonnes a year of rare earth oxides, China Minmetals told Reuters by email.The deposit has ore reserves of 104,300 tonnes, according to the company website.Prices of rare earths, a group of 17 elements used in a wide-range of products from lasers and military equipment to consu...
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