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Posts from December 2010

Friday, December 31, 2010

China may slash rare earth mineral export quota by half

December 31,2010 (Source: IBTimes) -- The China government may slash export quotas of rare earth mineral by half in 2011, according to China Securities Journal, after Beijing raised international concern by cutting exports of the minerals next year. Market anticipation of China rare earth quotas is not accurate. If we account according to the statistics in 2010,

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US digs deep to secure the technology of the future

December 31, 2010 (Source: Sydney Morning Herald) --Mountain Pass Mine, California: Its a deep pit in the Mojave Desert but it could hold the key to the US challenging Chinas technological domination of the 21st century. At the bottom of the vast site, beneath six metres of bright emerald-green water, runs a rich seam of ores that

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The London REE Report: HRE China Crackdown.

Rogue operations in southern China produce an estimated half of the world’s supply of heavy rare earths, which are the most valuable kinds of rare earth metals. Heavy rare earths are increasingly vital to the global manufacture of a range of high-technology products — including iPhones, BlackBerrys, flat-panel televisions, lasers, hybrid cars and wind-power turbines, as well

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Thursday, December 30, 2010

CNBC: China Cuts Rare Earth Exports

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CNBC: - Rare Earth: Winners & Losers

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Molycorp shares up after China defends export cuts

December 30, 2010 (Source: Reuters) -- Shares of rare earth mining company Molycorp Inc rose as much as 7 percent on Thursday after China defended its decision to cut exports of the minerals, a clampdown that has forced companies to find other suppliers. Molycorp shares were last up 3.7 percent on the New York Stock Exchange at

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CNBC: Rare Earth: Winners & Losers

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Great Western Minerals Group Strikes another New Year High on demand for rate earth minerals-related stocks

December 30, 2010 (Source: Nasdaq) -- Great Western Minerals Group LTD (GWG.V) is building on yesterdays strong showing - when it gained around 10.5 cents to close at a then year high 54 cents on big volumes. Today, it has struck another new year high of 61 cents with another 3.7 million-plus shares traded. This comes as

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Western Australia sees bonanza in Chinese move

December 30, 2010 (Source: The Australian) -- West Australian Premier Colin Barnett expects Chinas cut in exports of rare-earth minerals will boost projects. He hopes it could help create a new dimension to the states booming minerals sector. China has cut its export quotas for the first half of next year by 35 per cent. But industry

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China defends rare earth quotas as in line with WTO

December 30, 2010 (Source: Reuters) -- China defended its export controls on rare earth minerals on Thursday, saying that they were in line with World Trade Organisation rules, after a government move to slash export quotas on rare earths sparked trade concerns. China, which produces about 97 percent of the global supply of the metals used in

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China's threat boosts rare earth shares

December 30, 2010 (Source: Montreal Gazette) -- Chinas continuing threat to reduce its 2011 exports of rare earths by 10 per cent or more pushed the shares of Canadian and U.S. explorers up sharply yesterday. Avalon Rare Metals was up 40 per cent to $6.57 in Toronto -the company is developing the Nechalacho rare earths property in

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Wednesday, December 29, 2010

Investors Around the World Watch Rare Earths: Lights, Camera - Action.

For anyone that wants a clear indicatorof the excitment in our sector today, please go to www.RareMetalStock.com to see green, green and more green. From Stephanie in Atlanta to Asher in Toronto to Robin in Perth -- we have posted 5 editors commenting about the market in the last 24 hours, plus we have news and we

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CNBC: China Cuts Rare Earth Exports

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China Cracks Down on Illegal Mining of Rare Earth Metals

December 29, 2010 (Source: NYTimes) -- The elderly rice farmer was leading three outsiders into an illegal quarry to show them the gangster-run mine that has poisoned his village’s fields and streams. Suddenly, a blue Hyundai sport utility vehicle sped up to them in a cloud of red dust. A Toyota pickup pulled up behind, its windows

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China's threat boosts value of rare earth shares

December 29, 2010 (Source: Montreal Gazette) -- A threat by China to reduce its 2011 exports of rare earths pushed the shares of Avalon Rare Metals up 40 per cent to $6.40 in Toronto by midday Wednesday. Avalon is developing the Nechalacho rare earths property in the Northwest Territories. Rare Element Resources shares also rose 40 per

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China's Rare Earth Stand, Gold's Rally Push Up Precious Metal Stocks

December 28, 2010 (Source: Forbes) -- In midday trading Tuesday, precious metals shares were relative leaders, up on the day by about 4%. In midday trading Tuesday, precious metals shares were relative leaders, up on the day by about 4%. Leading the group were shares of Rare Element Resources Limited , up about 23% and shares of

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China's Stand On Rare Earths Boosts North American Players

December 28, 2010 (Source: Forbes) -- Reduction in Chinese exports will send prices higher and reward companies that can fill demand. China announced that it would be reducing the amount of rare earth metals it exports in 2011 by 11%, causing prices to jump higher across the globe. The move by China is meant to retain more

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Stans Energy: What's Inside your BlackBerry?

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China to cut rare earth exports 10 per cent in 2011

December 29, 2010 (Source: Macleans) -- China announced Wednesday that it will cut exports of rare earth minerals by 10 per cent in 2011. The country controls 97 per cent of the world supply of metals such as scandium and yttrium, which are essential for making LCD TVs, PC monitors, smart phones, wind turbines and hybrid cars.

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China Cuts Export Quota on Rare-Earth Metals

December 28, 2010 (Source WSJ) -- China cut its quotas on first-half exports of rare-earth metals around 35%, a move likely to feed trade tensions and concerns among global buyers after an even deeper cut late this year. China supplies around 95% of the worlds rare-earth metals, which are used in high-tech batteries, television sets, mobile phones

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Avalon Rare Metals Up 40%, Hits New Year High as China cuts rare earth exports

December 29, 2010 (Source: Nasdaq) -- Avalon Rare Metals Inc. (AVL.TO) was up around 40%, but off a new year high of $6.77 hit earlier today. More than 3.8 million AVL shares have traded on Wednesday. The gains for AVL come amid reports that China, which produces about 97% of the global supply of rare earth minerals,

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Stans Energy: What's Inside your BlackBerry?

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Great Western Minerals Group Grants Options

December 29, 2010 (Source: Marketwire) -- Great Western Minerals Group (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMFG) reports that, subject to regulatory approval, it has granted, as at December 23, 2010, to officers, directors, consultants and employees an aggregate of 5,000,000 options to acquire common shares of the Company. The options are exercisable into common shares of

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Chinese Rare Earths Export Quota Reduced For First Half of 2011

December 29, 2010 (Source: Lynas Corp) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) notes that The Ministry of Commerce of the People’s Republic of China has released 14,446 tonnes of approved Rare Earths export quota for the first half of 2011. The total export quota for 2011 will be unknown until approximately July 2011 when the Ministry

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Dacha Acquires 12,000 Kilograms of Heavy Rare Earth Elements

December 29, 2010 -- TORONTO, ONTARIO (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to report the acquisition of 12,000 kilograms (12 metric tonnes) of Heavy Rare Earth Elements. Dacha is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Heavy

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The London REE Report: Graphene and L-ion Batteries.

Xingcheng Xiao, Ping Liu, John S. Wang, M.W. Verbrugge and Michael P. Balogh (2010) Vertically aligned graphene electrode for lithium ion battery with high rate capability. Electrochemistry Communications doi: 10.1016/j.elecom.2010.12.016 The big news today is the interpretation of yesterday’s release of China’s REE export quotas for the first half of 2011. With that subject well covered on

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Tuesday, December 28, 2010

Chinese Rare-Earth Export Quotas for H1-2011

 December 28, 2010 -- (Source: TMR) -- Earlier today, the Chinese Ministry of Commerce announced the quota allocations for rare-earth exports for the first half of 2011. Unfortunately some of the earlier reports on the announcement got the numbers wrong, so I thought I’d put together a quick summary of what’s going on. I’ve also posted

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Chinese Rare-Earth Export Quotas for H1-2011

December 28, 2010 -- (Source: TMR) -- You can click the play button below to hearGareth Hatchsthree-minute discussion with the BBC on the subject of rare earths, the quota announcement and Chinas dominance of the rare-earths sector: BBCGarethHatch

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270 - and counting!

Last week I threw around the figure of there being about 150 rare earth exploration projects worldwide. Wrong, as Gareth Hatch hastened to update me. In fact, he said, he was tracking 270 active rare earth projects being run by 176 separate junior mining and exploration companies in 28 countries. Rightly, too, he commented that “it is

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China's Export Quota Cut Likely to Rile Tech Manufacturers

December 28, 2010 -- BEIJING (Source: FoxNews.com) --China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent — likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products. China accounts for 97 percent of the global production of

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The RMI Report- China INCREASES export quota by 82%!

Christmas a tad late but better than never! I must admit I was getting a bit nervous with all this talk of China cutting its exports by a significant amount for 2011 which would have been very different than my estimate of a very small drop in overall quotas. I have been saying for months that it

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Reduced Exports are Driving Rare Earth Element Prices Skyward

Earlier this year, China, representing 97% of the global rare earth element production, reduced export quotas by 72%. Today’s announcement by China to reduce its export quotas by a further 11% has sent the share prices of rare earth producers spiralling upwards. At the time of writing, shares of Rare Earth Resources (REE) are up 21% to

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China Cuts First-Round Rare Earth Export Quotas by 11%

December 28, 2010 --(Source: Bloomberg) -- China cut its export quotas for rare earths by 11 percent in the first round of permits for 2011, threatening to extend a global shortage of the minerals needed for smartphones, hybrid cars and guided missiles. The government allotted 14,446 metric tons of rare earth exports split among 31 companies, the

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The London REE Report: Solar – Prices Down, Demand Up.

As the deployment of grid-connected solar photovoltaic (PV) systems has increased, so too has the desire to track the installed cost of these systems over time and by location, customer type, system characteristics, and component. This report helps to fill this need by summarizing trends in the installed cost1 of grid-connected PV systems in the United States

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Monday, December 27, 2010

Shares of rare-earth producer Molycorp keep rising

December 27, 2010 -- CHICAGO (Source: Reuters) -- Shares of Molycorp Inc (MCP.N: Quote) were up nearly 10 percent on Monday, extending last weeks double-digit percentage gains, as investors continued to digest the recent string of positive announcements out of the producer of rare-earth metals. Jim Sims, Molycorps top spokesman, said the company was not aware of

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Rare Earth Metals Mine to Open in the U.S.

December 27, 2010 -- (Source: PCMAG.com) -- While most people dont sit around thinking about rare earth metals, theyre still very important resources, vital to many industries. The U.S. had previously ceded the foothold it had in this market to China, but through a partnership with Hitachi Metals, Molycorp will re-open a rare earth mineral mine in

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Japan rare earths imports from China plunge in Nov

December 27, 2010 -- TOKYO (Source: Reuters) --Japanese imports of rare earths shrank further in November, government data showed on Monday, reflecting the impact from Chinas de-facto ban on shipments of the minerals which was lifted late last month. Japanese imports of rare earths from China stood at 634 tonnes in November, halving from 1,278 tonnes imported

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Sunday, December 26, 2010

The London REE Report: Making A Difference.

The United Nations estimates that 1.5 billion people across the globe still live without electricity, including 85 percent of Kenyans, and that three billion still cook and heat with primitive fuels like wood or charcoal. In this season of goodwill, the NY Times has a story of Chinese made solar panels starting to make a difference in

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Friday, December 24, 2010

New solar fuel machine 'mimics plant life'

By Neil Bowdler Science reporter, BBC News 23 December 2010 Last updated at 19:11 A prototype solar device has been unveiled which mimics plant life, turning the Suns energy into fuel. The machine uses the Suns rays and a metal oxide called ceria to break down carbon dioxide or water into fuels which can be stored and

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Thursday, December 23, 2010

Northern Uranium set to expand mineral rights and change name

December 22, 2010 -- (Source: NorthernUranium.com.au) -- Highlights: • Agreement with Areva to acquire development rights for all minerals (other than uranium) at the Gardiner Tanami and Browns Range projects.• Northern Uranium to operate uranium exploration program in 2011/12• Proposal for name change to Northern Minerals Limited, to reflect growth and diversity of mineral portfolio Northern Uranium

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The London REE Report: Molycorp, Hitachi and China.

The intellectual property is owned by Hitachi Metals and by Magnequench, which is now part of AMR Technologies, a company based in Canada that was bought by a Chinese consortium in 1995. Molycorps Smith says that producing alloys for magnets could increase the companys profit margins by 125 percent. I have been following the lively and always

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Wednesday, December 22, 2010

Rare Element Closes Financing

Not for distribution to United States newswire services or for dissemination in the United States December 22, 2010 -- (Source: Rare Element Resources) --Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) (the Company) is pleased to announce that it has closed its previously announced short form prospectus offering (the Offering), having issued for sale 6,394,000 common

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Ucore Releases Additional 2010 Field Program Results from Bokan with Enriched Heavy Rare Earth Content

December 22, 2010(Source: Marketwire) --Ucore Rare Metals Inc (TSX-V:UCU) (OTCQX:UURAF) (“Ucore” or “the Company”) is pleased to release additional trench assay results from the Company’s 2010 Field Program at the Bokan-Dotson Ridge rare earth project in southeast Alaska (“Bokan”). The Field Program, comprised of extensive mapping, surface trenching and channel sampling, was undertaken to supplement subsurface drilling

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Molycorp shares up 15 percent on Hitachi Metals accord

December 21, 2010 -- (Source: Reuters) -- Shares of Molycorp Inc (MCP.N) rose 15 percent on Tuesday after the U.S. producer of rare earths said it reached a joint venture with Hitachi Metals Ltd (5486.T) to produce the materials used in products from computer hard drives to wind turbines. Molycorp shares were up $6.10 to $45.35 on

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The London REE Report: Recharging EVs With DC.

Meanwhile, Nextek Power Systems and conglomerates like Panasonic and Sharp are studying ways to bring DC to commercial buildings or homes so solar panels could directly power appliances or electric cars. A 380-volt DC charger can charge an electric car in 10 minutes, said Liang Downey, director of digital applications. A 220-volt AC charger needs five hours.

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Tuesday, December 21, 2010

Avalon Rare Metals Authorized to Trade on NYSE Amex

December 21, 2010 (Source: Marketwire) -- Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF) (Avalon or the Company) is pleased to announce that its common shares have been authorized for listing on the NYSE Amex (NYSE Amex) in New York. The shares will begin trading on Wednesday, December 22, 2010 under the ticker symbol AVL. The Company will retain its

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Drilling for rare earth minerals soars

December 21, 2010 (Source: NBJ) -- The cold wet weather hasnt stopped Cache Exploration Inc.s (TSX.V:CAY) hired crew of drillers from hunting for rare earth minerals near Grand Bay-Westfield this month, amid soaring prices for the prized commodities. In the last two months alone, the new junior resource firm has raised $1.3 million to keep drilling in

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Molycorp, Hitachi Metals Plan Rare-Earth Ventures

December 21, 2010 (Source: Bloomberg) --Molycorp Inc., owner of the world’s largest non-Chinese, rare-earth metals deposit, agreed to form joint ventures with Japan’s Hitachi Metals Ltd. to produce alloys and magnets in the U.S. The companies are expected to sign definitive agreements on the ventures in 2011, Greenwood Village, Colorado-based Molycorp said today in a statement. Rare

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The London REE Report: 1000 Megawatts of Wind

Four-legged steel platforms rising from the seafloor will allow Deepwater Wind to operate in depths more than twice those of conventional steel monopole wind turbine platforms. As water depth increases, the diameter of monopoles must increase exponentially, making them uneconomical in water deeper than about 20 meters. By using a four-legged design, company officials say they will

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Monday, December 20, 2010

Avalon Added to S&P-TSX Global Mining Index

December 20, 2010 (Source: Marketwire) -- Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF) (Avalon or the Company) is pleased to announce that effective today the Company is included in Standard Poors Canadian Index Operations (SP Indices) SP-TSX Global Mining Index and also the SP-TSX Base Metals Index. SP Indices, a part of McGraw-Hill Financial, is the worlds leading index

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