Texas Rare Earth Resources Engages Representative to Explore Strategic Alternatives in Asia
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- Category: Rare Earth News
- Published on Friday, 25 January 2013 11:10
SIERRA BLANCA, TX - Jan 24, 2013 - Texas Rare Earth Resources Corp. ("Texas Rare Earth"), a heavy rare earths exploration company, today announced that the Company has engaged a representative to assist in locating possible strategic alternatives for its Round Top project, to include its beryllium deposit, from entities in Asia. The hiring of the representative is in response to a preliminary indication of potential interest from a multi-billion dollar resource firm located in Asia.
Dan Gorski, Chief Executive Officer, stated, "Given the interest level in our unique Round Top project, the Board felt it necessary to engage a representative to further explore potential interest from Asia. Demand for heavy rare earth elements is expected to continue to outstrip supply in the years to come. Given that the vast majority of such elements are used in the Asian regions, it is logical that interest from the region could be quite robust."
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NEPA Gives OK to Rare Earth Minerals Application
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- Category: Rare Earth News
- Published on Friday, 25 January 2013 10:56
The National Environment and Planning Agency (NEPA) says it is satisfied the necessary due diligence was taken before permission was granted to the Jamaica Bauxite Institute (JBI), for a feasibility study for the proposed extraction of rare earth elements from mining residues or red mud.
Chief Executive Officer of NEPA, Peter Knight, told the Gleaner/Power 106 News Center that his organisation is satisfied that the application made by the JBI addressed all environmental concerns.
While not disclosing details, Knight said conditions have been imposed to ensure the company carrying out the research does not commit any environmental breaches.
Knight said specific instructions have also been given to guide the JBI in how it proceeds.
Last Tuesday mining Minister, Phillip Paulwell announced that the government would be pursuing the pilot project which it hopes will be a lucrative venture for the country.
However, one lobby group, the Jamaica Environment Trust (JET) has expressed concern about the project's location at Hope Gardens.
It has questioned whether sufficient controls have been put in place to prevent any likely negative impact on neighboring commercial and residential communities.
The group says it would also have preferred if the facility was located close to the red mud lakes, to avoid the transportation of red mud across the island.
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Procuring Rare Earth: Supply, Demand, Pricing, and Top Ten Companies
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- Category: Rare Earth News
- Published on Friday, 25 January 2013 10:29
FARMINGTON, Conn., Jan. 24, 2013 -- The first rare earths were discovered in the late 1700s, although commercial applications for these materials remained limited until the 1960s. Once the United States was the world's leading supplier but the mine was closed for environmental reasons. The Chinese then became dominant in production.
During the past twenty years there has been an explosion in demand for many items that require rare earth metals. Rare earth metals and alloys that contain them are used in many devices that people use every day such as: computer memory, DVD's, rechargeable batteries, cell phones, car catalytic converters, magnets, fluorescent lighting and much more. Other substances can be substituted for rare earth elements in their most important uses; however, these substitutes are usually much less effective and have a higher cost.
Global Information (GII) recommends four market research reports that evaluate mining projects worldwide, current and future availability of rare earths, and provide the status of companies that may change the availability and pricing of rare earths and rare metals. Executives and organizations can benefit by using these reports to plan procurement strategies, benchmark internal performance, and negotiate rare earth prices.
Rare Earths Elements in High-Tech Industries: Market Analysis and Forecasts Amid China's Trade Embargo
China, the world's largest rare earths producer, cut export quotas for the minerals needed to make hybrid cars and televisions by 72 percent for the second half, raising the possibility of a trade dispute with the U.S. Shipments will be capped at 7,976 metric tons, down from 28,417 tons for the same period a year ago, according to data from the Ministry of Commerce. Manufacturers of a broad spectrum of high-tech products are feeling the impact of price hikes in rare earth element-based processing materials because of the Chinese embargo.
The unique chemical, magnetic, electrical, and optical properties of rare earth elements have led to an ever increasing variety of applications. These uses range from automobile exhaust catalysts to consumer products that include phosphors in color television and flat panel displays (cell phones, portable DVDs, and laptops), to rechargeable batteries for hybrid and electric vehicles, and numerous medical devices. There are important defense applications such as jet fighter engines, missile guidance systems, antimissile defense, and space-based satellites and communication systems. Permanent magnets containing neodymium, are used in hard disk drives and wind turbines.
Top Ten Companies in Rare Earths
This study highlights the details of the top ten rare earth companies and the details of their mines and products as well as technology advancements, executives and present financial situations of these companies. Some acknowledgement is made of how the geopolitical scene plays into the production and utilization of rare earths and the newer combinations of materials that are being investigated.
Companies profiled include: Baota Steel Rare Earth Hi-Tech Co., Ltd., China Rare Earth Holdings Ltd., Solvay Group – Rhoda S.A., Indian Rare Earths Ltds., Molycorp Inc., Lynas Corporation, Mitsui Mining and Smelting, Irtysh Rare Earths Ltd., Gansu Rare Earth Group, and Arafura Resources Ltd.
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Great Western Minerals Reports Rare Earth Resource Surge
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- Category: Rare Earth News
- Published on Thursday, 24 January 2013 14:48
A 114% increase in the Indicated resource and a 218% increase in the Inferred resource
Great Western Minerals Group Monday announced an updated National Instrument 43-101 resource estimate and technical report for its Steenkampskraal rare earth property in South Africa, this according to a company news release.
The new resource estimate shows 32,000 metric tonnes of total rare earth oxides plus yttrium oxide (TREO) under the Indicated category and 42,100 metric tonnes of TREO under the Inferred category, each using a 1% TREO cut-off grade. This represents a 114% increase in the Indicated resource and a 218% increase in the Inferred resource from the last estimate in May of 2012.
"The substantial increase in TREO tonnage from this Resource Estimate update significantly improves the economic potential of the Steenkampskraal Monazite Project. The resource update reported today will be incorporated into the Preliminary Economic Assessment that is being prepared concurrently. We expect the Steenkampskraal analysis will be bolstered further with the upcoming addition of a minimum of 55 drill holes for which assay work is currently in progress," said Great Western Minerals President and CEO Marc LeVier.
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Rare Earth Elements Explorer Liberty Star to Conduct New Geochemical Studies
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- Category: Rare Earth News
- Published on Thursday, 24 January 2013 14:27
Liberty Star Uranium & Metals Corp. ("Liberty Star" or the "Company") is pleased to announce that new geochemical field work will be conducted on a portion of its Hay Mountain claim block, part of the larger Tombstone Super Project (TSP). Also, preliminary archaeology surveys of the new sample locations are nearing completion.
As the worldwide demand for rare earth elements exploration heats up, the Hay Mountain rare earth anomaly covering at least 7 to 9 square miles gains importance. Until the Liberty Star discovery Arizona had no important REE occurrences ("Rethinking Rare Earth Element Potential in Arizona," Lee Allison 11/15/2012). We have samples of one heavy rare earth (yttrium) plus three light rare earths and are now planning to define the potential of this area by running assays for the 13 REEs that haven't been run yet as well as taking additional samples for better definition of the anomalies.
Rock, soil and vegetation samples will be collected on recently acquired claims (NR 143) and in between existing samples to identify and refine additional targets for porphyry copper and associated minerals including gold, silver, moly, zinc and a number of rare earth elements. According to Arizona State Land Department regulations an additional archeology study will be required before work can begin. The field work for this study is within a few days' completion. Only two very small archaeological sites which are insignificant have been located to date.
As samples from this new geochemical study reach our certified assay lab, ALS Geochemistry in Vancouver, they will undergo analysis for all 17 rare earth elements. Previous assay work on TSP samples included review for only four rare earth elements (scandium, yttrium, lanthanum and cerium), which were present in soil samples (NR 122) and vegetation samples (NR 123). Also, Liberty Star will request that assay work for additional REEs be completed on samples submitted to the ALS facility in 2012 (NR 127).
States Liberty Star's CEO and Chief Geologist Jim Briscoe: "This round of geochemical studies is part of our methodical approach to exploration we must undertake so that a ZTEM survey can be flown over the larger Tombstone Super Project area this spring. It is important that we have these geochemical studies plotted to better understand where to map targets at Hay Mountain. While time-consuming, these studies can make for a highly efficient drilling program."
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Is The Critical Rare Earth Sector Making A Positive Turn?
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- Category: Rare Earth News
- Published on Thursday, 24 January 2013 10:58
I have just returned from the Vancouver Resource Investment Conference where I presented on the critical need for many different strategic metals. The rare earth sector is beginning to attract interest as the U.S., Chinese and Japanese markets hit new 52 week highs after the changes in leadership in both countries. The rare earth/strategic metals ETF (REMX) has crossed the 200 day for the first time since 2011 and I am monitoring for a bullish golden crossover.
A rebound in high tech and the automobile industries could spark further interest for heavy rare earth supplies outside China which are critical to today’s latest cutting edge technologies. We are bullish on the monetary metals such as gold, silver and platinum but also believe investors should diversify into the strategic rare earths, tungsten, antimony and uranium which will grow increasingly important as society requires high tech and clean energy solutions.
The growth in the use of smart phones, tablets and clean energy will put more demand on heavy rare earth production which China currently dominates. Japan, Europe and the U.S. must develop their domestic assets and may need to accelerate investment as the economy rebounds.
Rare earth prices have been pulling back and consumers have been reluctant to buy due to fears of an economic slowdown. However, that trend may be ending as investors realize that global stimulus by Central Banks may be sparking an inflationary rally. Many world markets are hitting multi year highs including the U.S., China and Japan. Sentiment is growing bullish for the rare earths as the ETF reverses above the 200 day moving average.
This may put pressure on industrial end users especially car manufacturers who are seeing increasing sales especially in Asia. For instance, General Motors sells more cars in China now than in the United States. New fuel efficient cars require dysprosium and there are no substitutes without major costs.
I expect increasing amount of end users to partner with junior rare earth miners who may be trading at significant undervaluations. The rebound in this sector may be phenomenal as the heavy rare earths have the greatest short term supply risk of any metal.
Over 14 months ago, we commented on Molycorp’s CEO Mark Smith’s testimony in front of the House Foreign Affairs Committee. At that time we needed a true visionary to promote U.S. rare earth independence.
Instead, in my humble opinion, we got a little leaguer. Molycorp should’ve differentiated between the heavy and light rare earths. At that time we believed that Mark Smith’s testimony omitted some important facts. We asked the following question at that time.
“Where does Molycorp get its heavy rare earths? Smith claimed Molycorp possesses a complete suite of rare earths at their Mountain Pass property. Assays have shown that this mountain possesses predominately light rare earths with little or no heavies.”
Not once were the members of the committee informed of the importance of the highly critical dysprosium, yttrium and terbium minerals, or the serious consequences China’s supply monopoly poses for American industry or U.S. national security. It was an opportunity lost to educate the public.
By Jeb Handwerger
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The rare earth industry mergers and acquisitions program was launched on January 22nd
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- Category: Rare Earth News
- Published on Wednesday, 23 January 2013 16:46
Chinatungsten Online January 23 news, promoting by the Ministry of Industry, Development and Reform Commission, and other State ministries, the nine industry mergers and acquisitions was held yesterday (22 start of day).
The nine major industries, including iron and steel, cement, automobile, machinery manufacturing, electronic information, shipbuilding, rare earth, electrolytic aluminum and agriculture. According to statistics, the nine industries involving a total of 900 listed companies, accounting for half of the current A-share listed companies, with a total market capitalization of more than 4 trillion Yuan.
In the case of this year's overall economic slowdown, the nine industries including rare earth industry are needed to transfer into effectiveness and quality. Now the enterprises from of rare earth industry insist that the enterprises are the mainstay, and adhere to market-oriented operation. State-owned rare earth industry hope to achieve the degree of concentration by mergers restructuring, and also to consolidate the basic system of socialism, enhance configuration elements of fair competition. The state-owned rare earth industry can advance and retreat in this process; the public sector of rare earth industry can implement the strategic restructuring; the non-public rare earth industry could create a good atmosphere to participate the competition.
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The rare earth industry restructuring is expected to speed up
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- Category: Rare Earth News
- Published on Wednesday, 23 January 2013 15:42
Miao Changxing, deputy director of the Ministry of Industrial Policy, said recently that the current development of China's economic situation is grim. In order to accelerate the nine industries such as rare earth, and tungsten, we should promote the mergers and reorganizations of industry, especially to speed up mergers and acquisitions of overcapacity industries, for example, the rare earth industry. The rare earth industry is expected to speed up positive for the relevant leading enterprises.
Chinatungsten Online reported, on December 8, the China Research Center of corporate mergers and acquisitions held its sixteenth year in Beijing Jiaotong University, Miao Changxing emphasized during the meeting, that China will accelerate the mergers and acquisitions of automobile, steel, cement, ship medicine, electrolytic aluminum, rare earth, electronic information, agriculture, industry and other industries and fields like tungsten industry.
At the same time, it is necessary to eliminate institutional barriers, strengthening policy coordination, strengthen service guidance, coordinate and solve problems encountered in corporate mergers and acquisitions of rare earth and other industries.
Fig. The statistics of rare earth concept stock increase
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Mines Execs Seek Chinese Assistance in Rare Earth Hunt
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- Category: Rare Earth News
- Published on Wednesday, 23 January 2013 14:40
Mines and Geosciences Bureau Director Leo Jasareno yesterday said he will again seek the assistance of China Geological Survey in looking for rare earth elements.
“We will try to reach out to CGS to find out what their plans are for this year,” he said.
CGS representatives were expected to arrive in the country last year, however, communication with the agency stopped at the height of the Philippines-China standoff over the Scarborough shoal.
Jasareno emphasized that the standoff is unlikely to derail the Philippines’ economic relations with China.
“We already followed it up, but, we haven’t received any reply from the Chinese experts, but of course this is speculative,” he said in an earlier interview.
The Philippines is pushing exploration projects aimed at developing its rare earth deposits following China’s decision to cap exports to the global market.
The Philippines is already conducting its own exploration surveys in Nueva Vizcaya and Palawan, where rare earth deposits were found to be close to copper-gold mines.
“Notably, Palawan and Nueva Vizcaya are the best places to start. What’s important is to find out if these (rare earth elements) really exist since there are indications of mineralization in these two areas,” he said.
He revealed that the government has earmarked P20 million for rare earth elements development.
“The P20 million is for the entire reconnaissance phase for the two-year preliminary survey,” he explained.
However, once the three stages of exploration go well, the program may take five years, according to Jasareno.
Jasareno added that the MGB will also seek the assistance of the Department of Budget and Management for the said exploration.
Rare earth metals are a group of elements that are used in a wide range of products we use every day, including hard drives and hybrid cars. Their properties, notably as lightweight magnets, make them key to the ongoing miniaturization of electronics and the growth of green technologies.
China recognized the importance of these elements decades ago and now supplies almost all the rare earth materials in the world.
At present, China produces nearly 97 percent of the world’s rare earth materials.
“China will still process our (rare earth elements) once we are able to get hold of it after this exploration,” he said.
Further limits on Chinese exports of rare-earth elements also threaten to raise costs for companies in an array of industries, including cellphone makers, oil refiners and high-technology batteries.
In December 2011, the Chinese Commerce Ministry announced an initial cut of 27 percent in its rare earth elements exports quota for 2012 as part of the crackdown on illegal mining of the rare earth oxides.
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China's Rare Earth Exports Below Quota
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- Category: Rare Earth News
- Published on Wednesday, 23 January 2013 14:23
China exported 16,265 tons of rare-earth ore, metals and compounds last year, falling below the annual export quota of 30,966 tons, according to official data.
The exports last year also marked a 3.5 percent decline from the export volume in 2011, according to data released by the China Customs Statistics Information Center. In December, China exported 3,252 tons of rare-earth ore, metals and compounds.
China has imposed a quota system to curb production and exports to conserve resources and protect the environment after decades of excessive exploitation.
Last month, the Ministry of Commerce set the first batch of rare earth export quotas for 2013 at 15,501 tons, which will be shared by 24 companies. The ministry said that will account for about half of the full-year quota.
The value of China's exports of the rare earths tumbled 66.1 percent to US$906 million last year, Customs data showed.
The prices of rare earths, which had surged for years because of supply concerns, have fallen sharply since late 2011 due to waning demand and increased supply. China is the world's dominant supplier of rare earths, a group of 17 chemical elements used in high-tech products, although the country holds less than a quarter of the world's reserves.
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