With sea ice thawing and new shipping routes opening in the Arctic, the former Cold War ally of the West has emerged from isolation as a geopolitical interest for governments seeking a share of untapped minerals and potential offshore oil and gas. Prime Minister Kuupik Kleist has opened up Greenland to investors over the last four years.

    

In tumbled trend of rare earth prices throughout 2012, during the state and enterprises to take a premium Shouchu discontinued insured and other measures were not rare earth prices can significantly rising trend. According to publicly available data, in 2012 about 40% year-on-year decline in the annual average price of rare earth, close to being "cut." Dysprosium oxide and terbium oxide average market price of the more significant reduction in the price declines of 40% and 46.6%. However, the export of of lanthanide products and cerium but contrarian rose year-on-year growth of 41% and 84% respectively, the price decline is also smaller. Can be seen, the larger decline in export prices of heavy rare earth elements such as dysprosium, terbium, and the light rare earth exports impact on a smaller scale.

The still general consulting metallurgical industry analysts pointed out that the fourth quarter of 2011, so far scarce rare earth prices by illegal private mines and overseas mining heavy volume, was a the shock downward trend, but the southern ionic rare earth minerals for our unique, rich in heavy The rare earth elements, there are obvious advantages compared to overseas rare earth mine in the reserves and grade. So the next few years is expected the heavy rare earth prices will gradually rise, light rare earths by the heavy volume of overseas mines will maintain low volatility. Heavy rare earth prices rise, mainly due to the following:

First, the heavy rare earth reserves are very limited. Based on USGS data show: the world's total rare earth reserves of 110 million tons, the Chinese reserves accounted for 50% of the approximately 55 million tons, which only 3% of China's reserves of about 165 million tons of proven reserves of southern China's rare earth ionic, therefore, rare earth ionic annual output of 50,000 tons of dollars static reserve-production ratio of less than 37 years, and this the main varieties of the ore in gold. The heavy rare earth is only part of the rare earth ionic, so more scarce. According to the agency is expected in the next world, more than 80% -90% of the heavy rare earth demand will continue from China to meet.

Second, will accelerate the reduction of the heavy rare earth stocks. The main reason for the decline of heavy rare earth prices in the near future is that pre some countries, as foreseen in the heavy rare earth scarcity to import large quantities of the formation of the stock, while the economic crisis lead to downstream companies cut a short-term oversupply situation, so the heavy rare earth. As the economy rebounds, the downstream enterprises will accelerate the consumption of existing inventory of heavy rare earth new demand will rapidly increase.

Third, the Southern rare earth industry will accelerate the integration. Another reason is that the Southern small mines stealing stealing and selling heavy rare earth prices. Currently, relevant departments have formulated relevant industrial policies, to increase the punishment for the rare earth indiscriminate digging of private behavior, Southern Rare Earth resources in the province are encouraged to promote the industry consolidation. Industry consolidation is complete, the efforts to control production and prices for the heavy rare earth will be greatly enhanced.

Other hand, according to the agency expects that by 2015, lanthanum, cerium, praseodymium, neodymium and four light rare earth ore production in China of the world's total output than will decline from 94% in 2010 to 61% in 2015. Moreover, the future of the four light rare earth ore production will increase every year. This will greatly ease the contradiction between supply and demand of the light rare earths, so future prices will be difficult to improve.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

 

Lanthanum oxide finished as the week’s biggest mover in this week after dropping 6.4 percent. The past week saw cerium oxide close after a 6 percent decline.

The price of praseodymium neodymium oxide, however, rose 1.7 percent after falling 3.2 percent during the previous week.

Praseodymium oxide fell 1.3 percent over the past week. Dysprosium oxide remained unchanged for the week. Europium oxide prices held steady from the previous week.

The week finished with no movement for neodymium oxide. Rare earth carbonate remained essentially flat from the previous week. Samarium oxide traded sideways last week. Terbium metal remained unchanged for the week.


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

Rare Element Resources Ltd. is pleased to announce rare earth element (REE) assay results from the final core holes completed during the 2012 drilling program at the Company’s 100% owned Bear Lodge property, located in northeastern Wyoming, USA. The drilling results confirm that the Bear Lodge deposits contain high grades of total rare earth oxide (TREO), including high abundances of combined Critical Rare Earth Oxides (CREOs).

Dr. James Clark, Vice President of Exploration for Rare Element Resources, states “Assay results are now in from all of the development and exploration core holes drilled during our 2012 program. We are extremely pleased with the results as most recent drill results confirm and further expand the quality and continuity of the Bull Hill REE deposit and the Whitetail Ridge resource area. We expect to significantly increase the Measured and Indicated resources in those deposits in preparation for the upcoming definitive Feasibility Study (dFS). Further, the results confirm the zones of HREE-enrichment (Eu, Tb, Dy, and Y) at Whitetail Ridge and Carbon and illustrate the significance of this world class source of CREOs.”

                    

Critical Rare Earth Oxides (CREO)

Critical rare earth elements (CREEs) are those with the highest value, and for which the strongest future growth is projected. We refer here to the oxides of Nd, Pr, Eu, Tb, Dy, and Y as Critical Rare Earth Oxides (CREO). In 2011, the Company identified significant HREEs (Eu, Tb, Dy, and Y) in leached FMR (F (FeOx)-M (MnOx)-R (REE minerals)) and oxide-carbonate dikes at the Whitetail Ridge resource area, and at the East Taylor and Carbon target areas (see news releases dated 4 August and 27 October 2011, and 10 December 2012). The current set of assay results from the Whitetail Ridge resource area and Carbon target confirm those important observations. Examination of aggregate significant intercepts from past drill results and the current set of drill assay results indicate that there is a district-wide zonation in which the strongest TREO enrichment occurs within a central zone focused on the Bull Hill and Bull Hill Northwest deposits, while the strongest HREE (Eu, Tb, Dy and Y) enrichment is found in mineralization peripheral to the central zone and focused at the Whitetail Ridge deposit, and at the Carbon and Taylor REE target areas (Table 1 and Figure 2). The peripheral enrichment zone is ascribed to a late-stage, low-temperature hydrothermal event.

Objectives of the 2012 Drill Program

The objectives of the 2012 drilling program were to expand and upgrade the district’s resource categories at the Bull Hill and Whitetail Ridge oxide deposits, and to further delineate the HREE (Eu, Tb, Dy, and Y) enrichment at the Whitetail Ridge resource area and Carbon target area. The drill results emphasize a Bear Lodge district-wide REE zonation, with a central zone of strong TREO enrichment that gives way to a peripheral zone with significant TREO and strong Eu, Tb, Dy, and Y enrichment.

The assay results from 35 core holes are announced in this release and include assays from 15 core holes at the Bull Hill REE deposit, 18 holes from the Whitetail Ridge resource area, and 2 holes from the Carbon REE target area.


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com