At present, Texas Rare Earth Resources Inc. is fully operating at a fund-raising issue of $ 1.6 million capital, the funds will be used for metallurgical studies West Texas Rare Earth project. Texas Rare Earth Resources Inc. revised the project plan. According to the revised plan, the rare earth project will be implemented  in phases, of which the mining operations require $ 60 million to 9,000 million, which is much less than the company $ 293 million announced last year.

"We believe this is the world's lowest cost rare earth mining project", said Anthony Parchetti, New Jersey investment banker and Chairman of the Board Texas Rare Earth Inc. when it comes to the phased implementation of the project.

Texas Rare Earth Resources, Inc. has HREO Round Top project in Texas, because of its geological structure and the big difference among other rare earth mines, therefore its capital strength has fallen dramatically. In the prophase work of the project, there will be a heap leaching project, which means that extracting rare earth with acid, then further refine, compared to the traditional pattern of rare earth smelting, this process is likely to become the alternative process. Currently HREO Round Top project is still in the early stages of metallurgical and mining survey and drilling.

At present, Jack Lifton, a consultant on rare earths, has interviewed Ian Chalmers of Alkane Resources. Jack Lifton is a Founding Principal of Technology Metals Research, LLC. He is also a consultant, author, and lecturer on the market fundamentals of the technology metals, the term that he coined to describe those strategic rare metals whose electronic properties make our technological society possible. These include the rare earths, lithium and most of the rare metals. 

Jack Lifton said, he doesn’t include Alkane on any of his lists because he just assume Alkane is a genuine polymetallic producer and since Alkane is not dependent on rare earths. That’s the point, but he looked at a statement on Alkane's website that Alkane will produce 1,200 tons of heavy rare earth mixed concentrate in its total.

Ian Chalmers said, the total is about 1,300 tons of heavy rare earths, of which 900 is yttrium. That is a very significant amount of yttrium. it would be the first commercial yttrium produced outside of China in this century. Ian Chalmers expects to start producing in the end of 2016.

It is reported that Alkane has signed an agrrement with Shin-Etsu. Shin-Etsu is not interested in as you’d expect being a magnet company they have no real interest, Alkane thinks we can sell double that if we produced more yttrium, there’s a couple of interested parties in other countries. Alkane wll certainly produce substantial dysprosium, terbium, gadolinium and all of the other, what Ian Chalmers calls, exotics, right through the whole spectrum.

Currently increasingly rare mainstream market is still down, some suppliers offer today continued to fall in the price of praseodymium, neodymium, dysprosium, gadolinium oxide and metal.

Praseodymium neodymium metal market, according to the supplier of Ganzhou area with tickets offer has been from 3.9 yuan / ton adjusted to 385,000 yuan / ton, while some businesses are still strong offer in 390,000, and reflect on the market, although there are 38,38.5 million price, but the volume is not. It is now part of the vendor to understand the current praseodymium, neodymium metal with no ticket prices have fallen below 330,000 yuan / ton to 328,000 yuan / ton. Since last week, some businesses to cut prices oxide, praseodymium, neodymium, have some quotes with the fall, according to Shanghai and is currently the supplier of Ganzhou neodymium oxide, praseodymium now mainstream with ticket price of 30 yuan / ton, with no votes is dropped 260,000 and below.

Today's offer has adjusted well as praseodymium, europium oxide, because the market is not good, some businesses have been clearing praseodymium oxide, no quotes or with a ticket price down around 10,000 yuan / ton to 500,000, according to the Shanghai regional traders said currently praseodymium oxide Shen grass with no votes more than 460,000. Europium oxide currently modest price adjustment, a slight concussion, the supplier said that now the actual transaction price is only 2,400 yuan / kg.

Dysprosium, gadolinium products prices due to weak demand, prices are also different ranges of decline. Last week, offer a smooth dysprosium in businesses offer 1.45 million yuan / ton began to move closer to the low range, according to Ganzhou vendors currently offer dysprosium is more concentrated in the 140-143 yuan / ton, the price of dysprosium iron is also a slight adjustment about 10,000 yuan / ton, light metal dysprosium market, prices from September to around 1.95 million with a vote fell to 190-192 yuan / ton. Gadolinium products current price is already the lowest level in 2011 after the historic increase to reflect the situation of gadolinium oxide with votes only 105,000 yuan / ton, the current gadolinium iron with ticket prices are also increasingly becoming reduced to about 115,000 / ton.
 

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Athens, AFP (Agence France Press) news: Greece, in which there is a considerable number of rare earth deposits, has received a Chinese delegation to discuss cooperation on Tuesday. Greek media reported that there are two exploration programs of rare earth at present,one is at sea, the other is on land.

Greek Environment Minister on Tuesday met with Chinese officials and entrepreneurs, and they talked about the cooperation between the two countries on exploration and production of rare earth metals. China has more than thirty-five percent of rare earth resources in the world. The EU enterprises have to import 14 kinds of strategic metals from China. Development of rare earth metals in Europe meet strict environment protection standards. Greece's mining industry accounts for three to five percent of gross domestic product value.

Greece is one of five European countries who have the reserves of rare earth metals and mineral. The other four countries are Sweden, Finland, Norway and Denmark. It is reported that there are rare earth resources which are worthy of 40 billion euros in Greek soil. Greek journalists said Chinese investors who are interested in Greek mine have agreed to cooperate in the level of science and technology, China has indicated that it will take advantage of these minerals in the future.

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Some experts pointed out that the rare earth catalytic materials high-tech, high demand, large-scale production benefits are obvious, there is room for growth in the development.

Zhang Anwen, deputy secretary general of China Society of Rare Earths, said the application of rare earth in the petrochemical industry is mainly catalytic cracker, used to improve the activity and stability of the catalyst to improve the conversion rate of cracking feedstock, increasing the yield of gasoline and diesel. In our country as an example, about 80% of the finished catalytic cracking unit produced by diesel.

The catalyst used in the production process of catalytic cracking, high technology, research and development costs are very expensive, the demand for large-scale production efficiency is high. Currently, the global research and development production of these catalysts are mainly concentrated in the hands of a few large companies. China's production of similar catalysts, one performance gap, the second is a large gap between production equipment, such as the size of the foreign catalyst plant single sets of production equipment can reach 50,000 tons per year, domestic production capacity is currently only a single set of devices in 2.5 ten thousand tons to 3.3 million tonnes.

Zhang Anwen said that the long-term perspective, the development of rare earth catalytic materials have increased space, suggested the country was prepared to increase the technological development of high-performance rare earth complex catalytic materials, and equipment to improve production levels, thus contributing to enhance the expansion of application fields and levels of rare earth catalysts.


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Reporters learned from Hohhot Customs, the export volume and price of rare earth in Inner Mongolia Autonomous Region have been down from Jan. to Aug. in 2014.  

China has the most abundant rare earth resources all over the world. Inner Mongolia is "rare earth province" in China. Especially Baiyun Obo located in Baotou, not only rare earth reserves than any other city in the world, and a high content of rare earth elements, and most variety, has an important industrial value.

According to Hohhot Customs' material, from Jan. to Aug. in 2014, the export volume of rare earth is around 2770.2 tons, down by 18.3% year on year. And the price reachs to 130 million yuan, down by 45.8%, and the average price is 45000 yuan per ton, down by 34.8%.

10000 tons of rare earth reserves in Ganzhou officially began on Sep. 16. Ganzhou Rare Earth Mining Co, Ltd. stated that the activity has already began as State Reserve Bureau (SRB) started to deliver rare earth, meanwhile it will be finished by Minmetals Rare Earth (000831 SZ), China Rare Earth Company, China Nonferro Metal Co, Ltd (000758.SZ), Baotou Steel Company (600111.SH), Guangsheng Rare Earth and Ganzhou Rare Earth Mining Co, Ltd..

These people said that the state reserves have been completed bidding in July 31, and the amount of national reserve has reached to 10000 tons, besides, the commercial reserves of these enterprises have increased by 3000 tons, and all will be arrived by the end of this year.  

Rare earth market has continued to be weak since the beginning of this year, the prices of rare earth minerals and rare earth products remain low, which has been changing in September. Data from Ganzhou Association of Rare Earth Industry shows that rare earth price has been improved in September. Otherwise, industry analysts said 2013 rare earths reserve unsold, has been delayed until now, in addition there is no specific results in controlling fault rare earth, rare earth market also need to see the market performance in October.

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This week the rare earth market conditions continue Qudan, stable suppliers offer or continue to cut prices, volume was light, lack of orders. Although the late-related messages about purchasing and storage of it, but yet has a significant impact on the market.

This week, praseodymium, neodymium, erbium, gadolinium oxide cargo hold steady or continued to fall in price quotations, such as gadolinium oxide is currently poor demand, Ganzhou supplier said gadolinium oxide with tickets now 105,000 yuan / ton can be traded, not with ticket prices at 92,000 yuan / ton in the vicinity, while other local suppliers, although there are also slightly adjusted the prices, but remained at 110,000 yuan / ton. Praseodymium, neodymium, erbium oxide such as quotations downward adjustment in less than five thousand dollars a basic / ton, suppliers profits further compressed, generally reflect the difficult business environment.

This week lanthanum, cerium products prices are low volatility, oxides aspects quote last week was still 1.5 yuan / ton or higher partial cargo operators who offer this week, appeared slightly downward. Week to Baotou Rare Earth Cerium oxide trading off the exchange, sometimes without quotes, when the downward price trend is more obvious, yesterday's closing price of 17.4 yuan has moved from Monday / kg fell to 16.5 yuan / kg. Lanthanum cerium mixed metal belt ticket prices generally fell current 40,000 yuan / ton, according to this week, with traders understand and dilute associations offer, now lanthanum cerium mixed metal has dropped to 3.5-3.7 yuan / ton nearby, lanthanum, cerium single metal prices have also edged downward trend based.

Praseodymium, neodymium, dysprosium products market, offer strong this week, the situation has continued to decline offer. Baotou region as the supplier of praseodymium neodymium metal is now without a ticket has dropped to 332,000 yuan / ton, while parts of Ganzhou with suppliers to understand, praseodymium, neodymium metal without a ticket is steady at around 33.8-34 yuan / ton , with tickets aspects have Ganzhou supplier said prices have dropped to 380,000 yuan / ton, but also Ganzhou, Jiangsu suppliers offer is still 390,000 yuan / ton situation. Dysprosium class production market, dysprosium low prices at around 1.4 million yuan / ton, the very high price of 143-145 yuan / ton. Individual traders holding cost is still high, even at the present high price of 1.45 million shipments also lost a lot, so temporarily watching the market, wait for shipping time.


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Today, the majority of the rare earth market prices low steady, the market was light. Because many businesses that trend this year compared to previous years is very rare dull, although the market is poor, low price, still hoping before the end of the industry can be a big turn bring prices increased significantly. Although with standardized and improved market supply of rare earth materials, rare earth prices are expected to post steady rise, but at least for now, the market still shows weakness related applications, rare earth raw material prices continue to place downward pressure shocks or still great.

Now for some upside profit businesses offer a smooth generally choose to wait and see in terms of the market. After some companies now understand that in recent years the country has been in the promotion of new production processes, but also unable to fully promote the short term, but once the market application, the short term will increase production costs, prices still have a chance.

Market transactions, according to some traders said the recent Ganzhou region out of the 10 tons of lanthanum, cerium metal, the price has dropped to 32,000 yuan without a ticket / ton. Other stock products such as cerium, praseodymium, neodymium, europium oxide, etc., are not large volume. According to Jiangxi, Shanghai and other places of suppliers said that the recent sluggishness, europium oxide, yttrium oxide poor market, shipping difficulties, such as yttria offer 40,000 somethings still well out of the market without europium oxide ticket prices fell to about 2100 yuan / kg, such a low price is still untold has bottomed.


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