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Posts from September 2010

Thursday, September 30, 2010

Rare earths in Australia equals irrational exuberance

If Australian mineral investors knew what rare earth minerals looked like, they might well follow in the footsteps of those who rushed to the Australian and California goldfields; they would be setting off with the modern day equivalent of packhorse, pick, pan and shovel, such is the hysteria surrounding this sector Down Under. And the extraordinary aspect

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Perils of clashes with China over currency and rare-earth exports

September 30, 2010 - (Source: CSM) - Is the world heading into a dangerous storm of trade reprisals and economic sanctions? Individually, such actions often seem worthy. The US House, for instance, passed a bill today that would make it easier for the Commerce Department to penalize China for manipulating its currency rate – an unfair way

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Too little too late? China's rare earth threat prompts US action

September 30, 2010 - (Source: Networkworld) - In the face of China wielding menacing control over 97% of the worlds rare earth materials, the US House of Representatives this week passed a bill that would bolster research and development of the key elements and help find substitutions for the materials. Rare earth metals are used to build

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Avalon Announces Closing of $30,030,000 Offering

September 30, 2010 - Toronto, Ontario (Marketwire) - Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF) (the Company) is pleased to announce that it has closed its previously announced short form prospectus offering pursuant to which the Company has issued 9,240,000 units at a price of Cdn$3.25 per Unit to raise aggregate gross proceeds of Cdn$30,030,000 (the Offering). Each unit

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As China Clamps Down, Others Boost Rare Earth Output

September 30, 2010 - Washington (Source: Nikkei) - Mineral-rich countries are moving to raise their production of rare-earth metals in the wake of Chinas tightening restrictions on their export, of which it controls a 90% share in terms of global output. U.S. mine operator Molycorp Minerals will reopen one of the worlds largest mines at Mountain Pass

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Wednesday, September 29, 2010

Focus On The Japan vs China Rare Earths Saga Misses The Point

It’s all so utterly predictable.Every man, woman and canine following the rare earths space will be aware of the ongoing saga of China’s alleged unofficial ban on rare earth exports to Japan. We’ve been told that China got uppity with Japan over its arrest of a fishing trawler captain, and the next thing you know China was

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Pentagon Losing Control of Bombs to China Neodymium Monopoly

A senior manager at a company that churns out metals routinely used in U.S. smart bombs pauses in mid-sentence when his phone rings: a Wall Street stockbroker looking for information. He makes a note to have an assistant call back -- someone who is fluent in English, not just Chinese. “It’s a seller’s market now,” says Bai

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Phase Two Drilling Completed on Hudson's Rare Earth Project in Greenland, Resource Modelling Commenced

September 29, 2010-- Vancouver, BC (Source: Hudson Resources) --Hudson Resources Inc.(Hudson” or the “Company” – TSX Venture Exchange “HUD”) is pleased to announce that it has completed the second phase of drilling at the Sarfartoq Rare Earth Element (REE) project in Greenland. A total of 3,000m of diamond core drilling was completed on the ST19, ST24 and

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Toyota Forms Task Force on Rare Earth Metals Amid China Export Ban Report

September 29, 2010 - (Source: Bloomberg) - Toyota Motor Corp. has set up a task force on rare earth minerals used in hybrid cars amid reports of China’s ban on exports of the materials to Japan. The carmaker, the world’s largest producer of gasoline- electric vehicles, said it formed the committee, confirming a report in the Nikkan

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Block on Minerals Called Threat to Japan’s Economy

 September 29, 2010 - Tokyo (Source: New York Times) - A halt of Chinese shipments of crucial industrial minerals to Japan poses a threat to the Japanese economy, a top Tokyo government official said Tuesday, amid a dispute over territorial sovereignty that has damaged relations between the regional rivals. The Chinese commerce ministry has denied that

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Medallion appoints Thomas Arnould as CFO

September 29, 2010 - (Source: Medallion) - Medallion Resources Ltd (MDL: TSX.V) announces that it has appointed Thomas Arnould, CA, as Chief Financial Officer and Corporate Secretary to the company. Mr. Arnould is a graduate from Queens University in Kingston Ontario, receiving his Chartered Accountants designation after articling with Coopers Lybrand (now part of PricewaterhouseCoopers) in 1982.

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Rare Element Announces Positive Results of Scoping Study on Bear Lodge Rare-Earths Project

September 28, 2010 -- Vancouver B.C. (Source: Rare Element Resources)-- Rare Element Resources Ltd. (TSX-V: RES and AMEX: REE) (the Company) is pleased to announce the results of a Scoping Study (the Study) (an NI 43-101 compliant Preliminary Economic Assessment or PEA) on the rare-earth resources delineated on its 100% owned Bear Lodge project, located in northeastern

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Search Minerals and Great Western Minerals Group Confirm REE Mineralization at Depth on Red Wine REE Property, Labrador

September 29, 2010 - Vancouver, British Columbia (Source: Marketwire) - Search Minerals Inc. (TSX VENTURE:SMY) (Search or the Company) and Great Western Minerals Group Ltd. (TSX VENTURE:GWG)(OTCQX:GWMGF) (GWG) have completed four drill holes on Searchs 100% owned Red Wine property (the Red Wine Property), located approximately 110km northeast of Churchill Falls, Labrador. Further to Searchs and GWGs

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Japan seeks Rare Earths elsewhere after China spat

September 29, 2010 -- Tokyo (Source: Reuters) -- Japanese customers of rare earth metals are looking elsewhere for supplies after a de facto ban on shipments from China, imposed as tensions flared between Japan and the dominant world producer of the minerals, added to worries already heightened by a cut in this years export quotas. Australian rare

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Stans Energy Chair Meets Kyrgyz President H.E. Roza Otunbayeva

September 28, 2010 -- (Source: Stans Energy) -- The President of the Kyrgyz Republic, H.E. Roza Otunbayeva attended the Kyrgyz Opportunities Forum, a conference organized by the Kyrgyz-North America Trade Council and Chadbourne Park LLP, in New York on Sept 23rd. President Otunbayeva was in New York to discuss opportunities for cooperation, trade and sales with US/Canadian

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China's Rare Earth Exports Back on Track

September 29, 2010 -- (Source: The Japan Times) -- BEIJING (Kyodo) China has resumed procedures to export rare earth metals to Japan after the bilateral dispute over the Senkaku Islands reportedly halted shipments of the critical materials, trading house sources said Wednesday. A Chinese mining company has restarted applications for exports and Chinese customs authorities have confirmed

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The London REE Report: Change Coming Fast and Furious

The 90-ton generator consists of a nearly 20-foot ring of magnets that spins to produce current. Its large diameter lets it create a lot of power when turning slowly, at the same 8 to 20 rpm as the blades, so it doesn’t need a gearbox to speed it up to the thousands of rpm most megawatt generators

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Tuesday, September 28, 2010

IRON ore and coal prices look impressive until compared with exotic substances called rare and minor metals (RMMs).

September 28 2010 - (Source: WSJ) - To misquote Crocodile Dundee: Thats not a commodity boom. This is a commodity boom. RMMs are driven by the same China factor, but unlike our bulk commodities, the dynamics are more complex than simply, we sell, they buy. RMMs include lithium, niobium, tantalum, tungsten, zircon-zirconium and rare-earth elements (REEs). While

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Investors Taking a Shine to Rare Earth Metals

September 28, 2010 -- (Source: CTV News) -- Gold and silver may be stealing the limelight thanks to surging prices, but some obscure metals are also making their way onto investors’ radar screens. Rare earth metals, a group of 17 elements used to make everything from hybrid cars to mobile phones, came into the spotlight last week

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Get Ready, Get Set - GO: RareMetalStocks Go Bull.

To date, we have learned on the RareMetalBlog team that when we get a significant rise in interest in the blog: stocks move aggressively. Last night we received media requests from numerous media outlets andthe largest volume of emails from interested investors to date? Record numbers yesterday indicate a bull market in the rare metal sector again.

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Pele Mountain Projects Up to 218,000 Kilograms of Recoverable Rare Earth Oxides Annually, in Addition to 826,000 Pounds of U3O8 at Eco Ridge Mine

September 28, 2010 - Toronto, Ontario (Source: Marketwire) - Pele Mountain Resources Inc. (TSX VENTURE: GEM) (Pele or the Company) today announced projections that, based on the production rate used in Peles October 2007 NI 43-101 Scoping Study (the Scoping Study) by Scott Wilson Roscoe Postle Associates (Scott Wilson RPA), Eco Ridge leach solutions could contain up

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The London REE Report: Lithium Batteries.

When tested, these thin, flexible batteries apparently managed to outperform other super-thin power sources, with the prototypes capable of functioning for at least 300 recharges without problem. As you can imagine, bendable batteries and displays would make for a new generation of roll up our electronics. I couldn’t let Ian’s excellent blog posting belowon Lithium-ion battery development,

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Dacha Capital Commences Trading as Dacha Strategic Metals

September 28, 2010 -- TORONTO, ONTARIO (Source: Marketwire) -- Dacha Capital Inc. (Dacha or the Company) (TSX VENTURE:DAC)(OTCQX:DCHAF) is pleased to announce that pursuant to a special resolution passed by the shareholders of the Company at its annual and general meeting held on September 13, 2010, the Company has changed its name to Dacha Strategic Metals Inc.

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Avalon Receives Positive Report on its Sustainability Performance from Jantzi-Sustainalytics

September 27, 2010 -- Toronto, ON(Source: AvalonRareMetals)-- Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF) (Avalon or the Company) is pleased to announce that it has received a positive report from an independent analysis by Jantzi- Sustainalytics of core stakeholder perceptions, and its Environmental, Social, and Governance (ESG) performance. In May 2010, Avalon engaged Jantzi-Sustainalytics to assess Avalons sustainability performance

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Bolero Resources Corp.: Airborne Survey Now Complete on BC Rare Earth Prospect

Vancouver, BC(Source: Marketwire) - Bolero Resources Corp. (the Company or Bolero), (TSX VENTURE BRU), (FRANKFURT:U7N1) announces that Aeroquest International Limited has completed the AeroTEM III and Radiometric surveys on the Carbonatite Syndicate Rare Earth prospect, in northern British Columbia. Following the interpretation of preliminary data, expected shortly, Bolero will be commencing a drill program on the property.

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Lithium… The Big, The Small, The Solid, The Flexible

One of thefun things about the rare metals industry is that we can speak about them from both sides of our mouths… in mega terms like mining, financing, global trade, and geo-politics, and in much smaller terms, like nantechnologies, lighter, faster, and energy efficiency gains . Both dimensions hold their own intrigue and‘power’ when one speaks about

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Monday, September 27, 2010

Korea More Vulnerable to China Threats than Japan

September 27, 2010 -- (Source: The Korea Times) -- China’s recent diplomatic victory over Japan makes Korean bureaucrats and corporations sweat since the former’s lethal weapon of rare metals against the latter is expected to work on Korea as efficiently as on Japan. Late last week Tokyo released the detained captain of a Chinese fishing trawler, who

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Quest Rare Minerals' Files B-Zone Preliminary Economic Assessment (PEA) to SEDAR.com for Public Consultation

September 27, 2010 -- TORONTO, ONTARIO (Source: Marketwire) -- Quest Rare Minerals Ltd. (TSX VENTURE:QRM) -- Highlights: Wardrop Engineering Final PEA report has been filed to www.SEDAR.com for public review and consultation Study results show positive cash-flow, a strong Internal Rate of Return and strong Net Present Value metrics at discount rates of up to 20% for

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Chinalco to Invest $1.5 bln in Rare Earth

September 27, 2010 -- HONG KONG (Source: Reuters) -- Aluminum Corp of China (Chinalco), the countrys top aluminium producer which is expanding to other metals, will take a majority stake in Jiangxi Rare Earth and Rare Metals Tungsten Group. State-owned Chinalco, keen to invest in rare earth, would use not less than 10 billion yuan ($1.5 billion)

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China Shares End At Nearly 2-Week High; Metal Companies Lead

September 27, 2010 -- SHANGHAI (Source: Dow Jones) -- Chinas shares rose to nearly a two-week high Monday, following a three-day break for a national holiday last week, as metals companies caught up with the recent rally on the London Metal Exchange. The benchmark Shanghai Composite Index, which tracks both A and B shares, rose 36.42 points,

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The London REE Report: Eur-Asia.

Kutessay II is the only past-producing Heavy Rare Earth Elements (HREEs) mine in the world, located outside of China. Stans Energy owns a 25-year mining licence for the property, and the company is currently completing a JORC resource estimate (Australian equivilent to a NI 43-101, see – www.jorc.org for details), followed by a metallurgical study. Upon the

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Sunday, September 26, 2010

Lynas Keen to Leap into Rare Earths Supply Hole

September 27, 2010 -- (Source: The Australian) -- Rare earths miner Lynas Corporation is set to benefit from industry talk that China is limiting its exports on the product. The Australian-based company is bring forward ramp-up plans to meet new demand. China has reportedly reduced exports of the minerals, used in the manufacture of a wide range

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Jim Kennedy’s $1 Billion Plan to Break a Chinese Monopoly

September 26, 2010 -- (Source: St. Louis Business Journal) -- Four years ago, Jim Kennedy was clearing out the dusty administrative building at his Pea Ridge iron mine in Sullivan, Mo., when he happened upon seven bankers boxes left behind by previous owners. He almost threw them out, but the manila folders inside caught his eye. Kennedy

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Molycorp Announces Successful Commercial Launch of Rare Earth-Based Water Purification Technology

September 24, 2010 --GREENWOOD VILLAGE, CO (Source: Business Wire) -- Molycorp, Inc. (NYSE: MCP), the Western Hemispheres only producer of rare earths, announced today the successful commercial launch of a new rare earth-based water purification technology called XSORBX™. “The extraordinarily wide-spectrum effectiveness of this product -- which can also remove pathogens, bacteria, viruses, and pharmaceuticals -- promises

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The London REE Report: The Electric Truck Arrives

Maintenance of a Smith Electric Vehicle [truck] is infinitely easier simply because there is so much less to maintain. For starters, our engine has only four moving parts compared to more than a thousand parts in an internal combustion engine. Plus our simple, reliable design eliminates the engine, exhaust system, much of the cooling system, the clutch

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Saturday, September 25, 2010

China Hold on Metals Worries Washington

September 24, 2010 -- WASHINGTON (Source: WSJ) -- Chinas control of a key minerals market has U.S. military thinkers and policy makers alike worried about access to materials that are essential for 21st-century technology like smartphones—and smart bombs. The concern over supplies of so-called rare-earth elements was highlighted this week by a report that Chinese customs officials

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Molycorp Plans Aggressive Move into Rare-Earth Metals

September 24, 2010 -- (Source: Denver Business Journal)-- A lightweight but powerful “rare earth” magnet that generates electricity lies at the heart of any wind turbine, cell phone, iPad, electric car or guided missile. China produces more than 90 percent of the world’s rare-earth elements supplies — a near-monopoly that concerns companies using rare earth magnets in

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Friday, September 24, 2010

Will the Real Superhero Take a Bow?

As one investor texted me today one has to pinch oneself to realize this is real vs. a fantastic dream... Numerous RareMetalBlog sponsors (highlighted green companies below)had phone calls about trading halts today due the enormous level of trading and trading activity that occurred in our sector. I did an interview with PBSs Marketplace on this sector

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China Halts Rare Earth Exports to Japan

September 24, 2010 -- By SHINO YUASA (Source: AP) --China has halted exports to Japan of rare earth elements — which are crucial for advanced manufacturing — trading company officials said Friday amid tensions between the rival Asian powers over a territorial dispute. Japan imports 50 percent of Chinas rare earth shipments. Rare earth are metallic elements

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Japan to Release Chinese Boat Captain Amid Dispute

September 24, 2010 -- TOKYO (Source: AP)-- Japanese prosecutors decided Friday to release the captain of a Chinese fishing boat involved in a collision near disputed islands whose detention raised tensions between the Asian neighbors. The incident had driven relations between China and Japan to their worst in years. Beijing angrily demanded the captain be released and

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Thursday, September 23, 2010

Rare Element Presents to Key Wyoming Legislative Committee

Vancouver B.C. - Rare Element Resources Ltd. (AMEX: REE and TSX-V: RES) is pleased to announce that the Company made a presentation on the Bear Lodge rare-earths project to the Wyoming Legislatures Joint Minerals, Business and Economic Development Interim Committee on September 21, 2010. The joint committee consists of many of the key senators and representatives in

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China Denies Japan Rare-Earth Ban Amid Diplomatic Row

September 23, 2010 -- (Source: Bloomberg) -- China denied reports it banned the export of rare earths to Japan in retaliation for the detention of a Chinese fishing boat captain, threatening supplies of a raw material vital to hybrid cars, laptops and iPhones.

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China 'Places Unofficial Ban' on Key Metals Exports to Japan

September 23, 2010 -- (Source: Telegraph.co.uk) -- The New York Times, citing industry sources, said that China had placed an administrative halt on the export of the metals, just as the two countries are locked in a dispute over the detention of a Chinese trawler captain. The captain was arrested by Japanese coastguard officials in disputed waters

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Conspiracy Headache: China Bans Exports of Rare Metals to Japan?

How does the song go? Things that Make you go Hmmmm My BlackBerry has been buzzing since 3 AM with this story: China places unofficial ban on key metals exports to Japan -- (Source: Telegraph UK) China has been reported to have placed an unofficial ban on the export of rare earth metals to Japan as a

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The London REE Report: More of the Future?

Permanent Magnet generators are synchronous machines with rotor windings replaced by permanent magnets. They need no separate excitation so rotor excitation losses - about 30% of total generator losses - are eliminated. This results in high power density and small size with the highest efficiency at all speeds. The full converter (FC) concept where all the generated

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China Denies Report of Rare-Earth Export Ban to Japan Amid Diplomatic Spat

September 22, 2010 -- (Source: Bloomberg News) -- China denied reports it has banned the export of rare earths to Japan, which is the biggest buyer of the minerals used in a wide range of high-technology products. The New York Times earlier reported that the ban was imposed amid a diplomatic row between the two countries over

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Amid Tension, China Blocks Rare Earth Exports to Japan

September 22, 2010 -- HONG KONG (Source: NY Times) -- Sharply raising the stakes in a dispute over Japan’s detention of a Chinese fishing trawler captain, the Chinese government has placed a trade embargo on all exports to Japan of a crucial category of minerals used in products like hybrid cars, wind turbines and guided missiles.

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Wednesday, September 22, 2010

Precious Metal Inventory Mismanaged at Livermore Lab, Report Says

September 22, 2010 -- (Source: The Oakland Tribune) -- Nearly $1 million in precious metals such as gold and platinum have been stashed in long-term storage at Lawrence Livermore and a national laboratory in Tennessee for years, sitting idle when they could have been used for other national security projects, according to a federal report. Platinum, gold,

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Hudson Rare Earth Exploration Samples Over 10% TREO from Reconnaisance Program

September 22, 2010 -- Vancouver, BC - HUDSON RESOURCES INC. (“Hudson” or the “Company” – TSX Venture Exchange “HUD”) is pleased to announce that it has received assay results from the 2010 reconnaissance exploration program on the company’s Rare Earth Element (REE) project in Greenland. The program, which included handheld radiometric surveys, rock sampling and mapping, significantly

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Rare Earth Metals reports SIX NEW DISCOVERIES from its Letitia Lake/Red Wine Property in Labrador.

Thunderbay, ON -- September 22, 2010 (Source: Marketwire) -- Rare Earth Metals Inc (CA:RA 0.37, +0.03, +8.82%) is pleased to report additional prospect sampling results from its Letitia Lake/Red Wine property located in west central Labrador. Significant Rare Earth Element, Niobium, Zirconium and Beryllium mineralization has been identified in 6 new zones and the strike length of

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