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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...
Release time: 2019 - 03 - 29
viewed:1
Source:Those who have worked in the business as long as I have will easily remember the rare earth mania of 2008–11. For about three years following China's export restrictions on rare earth elements, which hiked the prices of REEs to record highs, the junior resource market was awash with new rare earth explorers.These tiny companies fanned out across (mostly) Canada, the U.S. and Australia in search of the next rare earths motherlode that would break the world's dependence on China, which then and now has a monopoly—the country either mines or processes something like 95% of the 17 rare eart...
Release time: 2019 - 03 - 29
viewed:1
Source:America’s relative fall from defense technological leadership mirrors its decline in rare earth capabilities.This is an appalling story of a long-running U.S. economic and national security failure that has put the nation behind China on many next-generation weapon systems while stifling the economy.Meanwhile, China’s advances are largely built on its unparalleled commitment to leading the world in rare earth resource production, refining, material science, metallurgy, intellectual property, research and development, and commercial and defense applications. Rare earths are 17 elements o...
Release time: 2019 - 03 - 25
viewed:1
Source:Albany, NY -- (SBWIRE) -- 03/20/2019 -- Rare earth elements, also known as REE or simply rare earths, are a group of seventeen elements from the periodic table, fifteen of which are lanthanides along with yttrium and scandium. Although their names suggest them to be rare in occurrence, it is not the case. Some of these elements are abundantly available; however, their concentrations are significantly low within the ore and, thus, called as rare earth elements. Rare earth elements have substantial and versatile usage in various applications ranging from daily consumer goods to super powe...
Release time: 2019 - 03 - 22
viewed:2
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