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Posts from October 2010

Sunday, October 31, 2010

RareMetalBlog Week in Review (October 23 - 30, 2010)

To begin the week, Tracy wrote Miracle on REE Streetwhile she prepared research and market analysis for theCritical Rare Metals Summitin DC. Some impressive conclusions stood out thatshe willtreat as amiracle. Afterall, how do you explain a boutique investment sector that rises from a $2 to $8 billion market cap --256%in less than1 year? Then, thereare the

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Saturday, October 30, 2010

2010 Mining Explorers: Ucore Rare Metals Inc.

October 29, 2010 -- (Source: Petroleum News) -- At the behest of lawmakers at both the state and federal levels, and with the support of the U.S. Geological Survey, Ucore Rare Metals Inc. (formerly Ucore Uranium Inc.) is advancing the heavy rare earth element-enriched Bokan Mountain project located about 37 miles from Ketchikan in Southeast Alaska toward

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The London REE Report: The Chevy Volt Road Tested. Lithium.

No, GM haven’t seen fit to pluck me from my well earned London obscurity, and let me loose with a Volt. But while we wait for clarification of China’s on or off unofficial rare metals embargo, today something a little different, a little weekend treat I ran into at the close of the week. One of the

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After China’s Rare Earth Embargo, a New Calculus

October 29, 2010 -- BAOTOU, CHINA (Source: NY Times) --When Japanese mineral traders learned in late September that China was blocking shipments of a vital commodity, the word came not from a government announcement but from dock workers in Shanghai. And on Thursday, the traders began hearing that the unannounced embargo of so-called rare earth minerals was

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Friday, October 29, 2010

Cache Closes Flow Through Private Placement Financing

October 29, 2010 --Vancouver, BC (Source: TheNewswire) -- Cache Exploration Inc (TSX-V: CAY) is pleased to announce that the Company has closed a flow-through private placement of $167,125 subject to final regulatory approval. The Company has received conditional approval from the TSX Venture Exchange dated September 23, 2010. The financing represents 477,500 units at $0.35. Each unit

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Rare earth recycling

October 29, 2010 (Source: Canada.com) -- Electronics recycling might just have become a lot more appealing this year. Why? Because anything that has computer technology in it must contain rare earths, and the worlds rare earth supply is not as free-flowing as it used to be. Who should care about rare earths? Anyone with a computer, a

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China Vows to Keep Supplying Rare-Earth Metals to World, South Korea Says

October 29, 2010 (Source: Bloomberg) -- China pledged to supply Japan and other countries with rare-earth metals, sales of which were reportedly disrupted last month during a territorial dispute that soured relations between Asia’s two largest economies. Chinese Premier Wen Jiabao made the vow during a trilateral meeting with counterparts from Japan and South Korea, Kim Hee

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Names You Need To Know In 2011: Baotou, Rare Earths Capital Of The World

October 29, 2010 (Source: Forbes) -- Once people learn more about the remote northern Chinese city of Baotou, China’s rare earths capital, they might get a little less excited about the stock darlings of the moment, like Molycorp, whose shares have soared on fears and hype about Chinese control of this high tech commodity. A closer look

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Smuggling key factor in China's rare earth actions

October 29, 2010 (Source: RSC) -- Widespread smuggling of rare earth materials and rapidly increasing domestic demands are key factors in Chinas recent moves to drastically reduce exports of the sought after elements. In July,China, currently in control of almost the entire global rare earths market, announced a reduction of up to 72 per cent in its

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Beijing seeks 'to cooperate with countries' over use of vital metals

October 29, 2010 (Source: AsiaOne) -- China said on Thursday (October 28) that it will not use rare earths as a diplomatic bargaining tool, in response to challenges against its management of the vital metals. It also said measures to restrict the exploitation, production and export of rare earths are in line with World Trade Organisation (WTO)

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Buyers take day off as Cup looms

October 30, 2010 -- Sydney,Australia(Source: SMH) -- TRADERS were saving their punts for the races this weekend - or perhaps cashing their shares to fund a few bets on Cup day. The SP/ASX Index slumped 23.3 points, coming home at 4661.6, after an active day in which 2.9 billion shares changed hands. I think a lot of

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New Rare Earth Metals ETF Off to a Running Start

October 29, 2010 (Source: SeekingAlpha) -- Van Eck launched a new ETF seeking to capitalize on the headlines surrounding concerns over a controversial China quota restriction (embargo) on Rare Earth metals out of China. There are several such metals that are needed for high tech industries and applications ranging from weaponry to GPS systems and without these

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China's rare power

October 29, 2010 (Source: WashingtonPost) -- FOR MANY Americans the phrase rare earth calls to mind nothing more consequential than the 1970s band responsible for such hits as Get Ready and I Just Want to Celebrate. But lately China has been teaching the United States, and the world, a new definition. Rare-earth metals are 17 elements vital

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Rare earths 'will not be bargaining instrument'

October 29, 2010 (Source: ChinaDaily) -- China said on Thursday that it will not use rare earths as a diplomatic bargaining tool, in response to challenges against its management of the vital metals. It also said measures to restrict the exploitation, production and export of rare earths are in line with World Trade Organization (WTO) rules. Zhu

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China aims to shake up rare earths trade

October 29, 2010 --(Source: Reuters) -- If plans in Beijing come to fruition, a few miners will control all of Chinas rare earths output, while a vibrant processing industry turns the country into a net importer of the valuable raw materials. That day is a long way off. The world is currently focused on a sharp reduction

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SCENARIOS - Could China face a WTO dispute over rare earths?

October 29, 2010 -- (Source: Reuters) -- * WTO rules allow export curbs to conserve resources * Diplomacy rather than litigation as facts still uncertain Businesses in Japan, the United States and European Union are crying foul over cuts in Chinas export quotas of rare earths and calling on their governments to sue Beijing at the World

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The London REE Report: GE Steps Up for EV

An order the size of GE’s probably would come from several vehicle makers, Smith said. Though I don’t normally post on a Friday this article was too good to miss. As important as the actual order for the vehicles will be when it comes next week, the real boost to EVs will come next year from the

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Thursday, October 28, 2010

The price of China's tech metal monopoly

October 28, 2010 -- (Source: ComputerWorld.com) -- U.S. got out the rare metals business, and helped create a Chinese monopoly thats incenting companies to open plants in China China produces 97% of the worlds supply of rare earth elements, and its using that monopoly power against the U.S. by cutting exports and raising prices, as well as

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Rare-Earth ETF Launches

October 28, 2010 (Source: WSJ) -- Van Eck Global launched the first U.S.-listed fund investing exclusively in producers of strategic metals including so-called rare earths. These metals, used in electronics and military applications, have come under the spotlight recently as China, which produces virtually all of the globes rare earths, has cut back exports of the materials.

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Molycorp Says Rare-Earth Price Gains Real, No Bubble

October 28, 2010 (Source: Bloomberg) -- Molycorp Inc., owner of the world’s, largest non-Chinese deposit of rare-earth metals, said the surge in prices is sustainable because of production and export cuts by China, the world’s biggest supplier. “I don’t believe that there is a bubble,” Mark A. Smith, president of the Greenwood Village, Colorado-based company, said in

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China Is Said to Resume Shipping Rare Earth Minerals

October 28, 2010-- Baotou, China(Source: NYTimes) -- The Chinese government abruptly ended on Thursday its unannounced embargo of exports of crucial strategic minerals to the United States, Europe and Japan, although shipments to Japan still encountered some difficulties, four rare earth industry officials said. After blocking shipments of raw rare earth minerals to Japan since Sept. 21,

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Van Eck Launches Market Vectors® Rare Earth/Strategic Metals ETF (REMX)

October 28, 2010 -- New York (Source: BusinessWire) -- Van Eck Global has launched Market Vectors Rare Earth/Strategic Metals ETF (NYSE Arca: REMX), the first U.S.-listed exchange traded fund (ETF) which seeks to give investors pure play exposure to the equities of companies primarily engaged in the producing, refining, and recycling rare earth/strategic metals, it was announced

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Chinese Rare Earths: Less Muscle, More Growth

October 28, 2010 (Source: WSJ) -- China’s move to reduce exports of rare earths may be less about political muscle-flexing and more about feeding its economic growth. The Asian giant has come under serious flack from the international community for cutting back on the amount of rare earths it sends to consumers around the world. China produces

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Quest Drilling Expands High Grade B-Zone Pegmatite Mineralization, Returns Up to 51.9 Metres at 1.66% TREO, Strange Lake, Quebec

October 28, 2010 (Source: Marketwire) -- Highlights: - B-Zone drilling continues to firm up and expand the size of the high grade mineralized surface Pegmatite spine for over 1.2 km in strike length, with widths varying from 175 to 550 m and vertical thickness from 10.0 to over 191.0 metres - Multiple, high grade intersections of between

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Great Western Minerals Group Appoints Kaz Machida to Advisory Board

October 27, 2010 (Source: Marketwire) -- Great Western Minerals Group Ltd.(GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF) announces that Kaz Machida has been appointed to the Companys Advisory Board. Kaz Machida has worked with Itochu Corporation, an international trading and import/export company involved in multiple business sectors, headquartered in Japan, and operating in 74 countries. Mr. Machida

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FACTBOX-How rare earths are used in various industries

October 28, 2010 (Source: Reuters) -- Rare earths have stormed to the forefront of global worries over fears that Chinas policy of curbing exports will increasingly cause shortages in other industrialised economies, given its status as the dominant global supplier. Despite their name, rare earth elements are a relatively abundant group of 17 chemical elements. They were

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China vows not to use rare earths as leverage

October 28, 2010 (Source: Reuters) -- China said on Thursday it will not use its dominance of supplies of rare earths as a bargaining tool with foreign economies, and the United States said it hoped trade in the high-tech ores would continue as normal. China has slashed export quotas and reduced shipments to Japan, igniting international concern

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Arafura announces a Placement of $90 million to advance the Nolans Project at full pace to meet world demand for Rare Earths. On Track for First Production of Rare Earth Oxides in 2013

October 29, 2010 -- (Source: Arafura) -- The Directors of Arafura Resources Limited (ASX: ARU) (Arafura or the Company ) are pleased to announce a share placement of 75 million shares at $1.20 per share to raise $90 million. There was significant support for a placement which has enabled sufficient funds to be raised to progress the

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The London REE Report: EV Sets a New Record.

GM and ABB announced they would collaborate on ideas for figuring out what to do with the slightly depleted lithium-ion battery packs from cars. Lithium-ion battery packs can last for years, but only work at their optimum levels for the first few years. Under the scenario that has been proposed by many, car owners could sell their

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Wednesday, October 27, 2010

Medallion Resources Closes Institutional Tranche of $2.7 Million Private Placement

October 27, 2010 (Source: MedallionResources) -- Not for dissemination in the United States or to United States ResidentsMedallion Resources Ltd (Medallion or the Company - TSX.V: MDL), announces that it has closed an institutional tranche of approximately $1.175 million representing 3,916,671 million units (each a Unit) of its non-brokered private placement of up to nine million units

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Obama may raise China rare earth issue at G20-W.House

October 26, 2010 -- Washington DC, US (Source: Reuters) -- U.S. President Barack Obama could raise the issue of Chinese control of rare earth minerals with Beijing at the G20 meeting next month, the White House said on Tuesday. I think we are likely to see (Chinese) President Hu (Jintao) on the trip at the G20, said

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EU, US grapple with crunch in rare earth supplies

October 27, 2010 (Source: MoneyControl.com) -- The World Trade Organization, the EU and the United States said on Tuesday they were pressing for solutions to concerns China may be exploiting its stranglehold on rare earth metals, crucial in the making of everything from portable phones to wind turbines. Officials and industry executives in Berlin and Washington warned

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Germany warns of China grip on rare earths market

October 27, 2010 (Source: Mainichi Daily News) -- Germany is calling for better international regulation of the market for rare earths, exotic metals mostly produced by China, stressing that they are essential for the success of key industries. Economy Minister Rainer Bruederle warned Tuesday at a conference organized by the Federation of German Industry, or BDI, that

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Beijing bullies, Mumbai entices

October 27, 2010 (Source: FinancialExpress) -- On a recent visit to India, Lawrence Summers, the outgoing Director of the US White House’s National Economic Council, played music to the hosts’ ears by proclaiming that a Mumbai Consensus would become the pre-eminent economic model by 2040. Explicitly comparing it to the neo-liberal Washington Consensus and the statist Beijing

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China rare minerals cuts worry US

October 27, 2010 (Source: PressTV) --The trade war between the United States and China continues to escalate following reports that Beijing might cut off its rare earths exports to Washington. White House spokesman Robert Gibbs announced on Tuesday that the United States was now monitoring the situation. Rare earths is a group of 17 elements used in

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Rare Earth Scare Could Be Canada’s Gain

October 27, 2010 (Source: ForexBlog) -- Producers of high-tech electronics in the US and Europe issued a warning that a lack of availability of rare earth metals could force several manufacturers to cut back on the production of high-tech products and even the latest generation of weapons. China, which mines about 97 percent of the world’s rare

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Lipinski: China's Reported Suspension of Rare-Earth Exports Shows America Must Take Further Steps

October 27, 2010 (Source: PoliticalNews) -- Congressman Dan Lipinski called for expanded efforts to reduce Americas dependence on China for critical rare earth materials, citing reports that China halted exports of rare earths to the United States last week. Rare earths are metals that are essential for a variety of high-tech, clean-energy, and defense products, including cell

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China gets tough over rare earth minerals

October 27, 2010 (Source: ABC) -- Chinas dominance of a set of minerals, crucial to the electrical devices that drive the modern economy, is causing tension in the international community. Rare earth minerals are essential in most modern day devices - iPods, flat screen TVs, hybrid cars and modern weapons. A group of 17 elements, their name

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Factbox: Winners and losers from China rare-earths controversy

October 27, 2010 (Source: Reuters) -- China has curtailed exports of rare earths, causing offshore consumers to consider alternative supply sources for the minerals which are used in everything from TV screens and computers to mobile phones and toys. China supplies about 95 percent of the worlds rare earths. Following is a list of winners and losers

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China's rare earth exports under watch: White House

October 27, 2010 (Source: ibtimes) -- White House spokesman Robert Gibbs said on Tuesday the U.S. is monitoring if China blocks rare earth exports to U.S. companies. China had denied last week a New York Times report which stated that Beijing, which enjoys a brutal monopoly in the production of rare earth minerals, had halted some shipments

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Rare Earths Rival Lure of Navigator's Gold, Fuel Share `Bubble'

October 26, 2010 (Source: Bloomberg) -- Bankers visiting Navigator Resources Ltd.’s gold mine in Western Australia two weeks ago soon turned their focus to a different set of metals about 1,000 kilometers (620 miles) to the north: rare earths. Twelve days after their Oct. 11 tour, Navigator said it planned to sell half its rare earth assets

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India Vows To Supply Rare Earth Mineral To Japan

October 27, 2010 -- Tokyo, Japan (Source: AHN) -- Talking to reporters at a news conference Tuesday, Japan’s Industry Minister Akihiro Ohata said the pledge was made during the talks, just minutes before Indias Prime Minister Manmohan Singh concluded his three-day visit to Japan. Prime Minister Singh told us that he will cooperate in long-term supply of

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EU concerned by Chinese industrial policy

October 25, 2010 (Source: EUobserver) -- EU trade commissioner Karel De Gucht has warned that recent Chinese restrictions on sales of valued rare earths could be a bellwether of things to come. [It] hints that China is developing an industrial policy aiming at transferring as much as possible production to China, Mr De Gucht told an EU-China

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EU trade commissioner scolds China

October 27, 2010 (Source: UPI) -- European Union Trade Commissioner Karel De Gucht admonished China for its protectionist tendencies concerning government contracts. At an EU-China conference in Brussels, De Gucht called for Beijing to loosen policies that make it difficult for foreign companies to secure Chinese government contracts. He also said Chinas recent ban on rare earth

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Great Western Minerals Group Names Appointee to Rare Earth Extraction Co. Ltd. Board of Directors

October 27, 2010 -- Saskatoon, SK (Source: Marketwire) -- Great Western Minerals Group Ltd. (GWMG or the Company) (TSX VENTURE:GWG) (OTCQX:GWMGF)announces the appointment of its representative, Mohamed Madhi, to the Board of Directors of Rare Earth Extraction Co. Ltd. (Rareco). Mohamed Madhi, a member of the GWMG Advisory Board and an integral part of GWMGs international team

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Geodex Minerals Ltd.: Hunter Dickinson's Northcliff Finalizes Sisson Brook Tungsten-Molybdenum Project JV for $17 Million in Expenditures

October 25, 2010 -- VANCOUVER, BRITISH COLUMBIA (Source: Marketwire) -- Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) (the Company or Geodex) is pleased to announce that Northcliff Exploration Ltd. (Northcliff) of the Hunter Dickinson group has signed the Sisson Brook Joint Venture Agreement to acquire a 70% interest in the Companys Sisson Brook tungsten-molybdenum project (Sisson Brook Project) in

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India aims for 2011 rare earth exports: official

October 27, 2010 (Source: Reuters) -- India aims to restart production of rare earths late next year for the first time since 2004, a top government official said on Wednesday. The Indian government is spending 1.4 billion rupees ($32 million) on a 5,000 metric ton capacity plant in Orissa, amid global concerns China may be taking advantage

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Analysis: Rare earths next big thing or will the bubble burst?

October 27, 2010 (Source: Reuters) -- Chinas increasing reluctance to supply the rest of the world with rare earths is whipping up a gold rush-like frenzy to find new producers of the elements needed to manufacture everything from high-tech weapons to mobile phones. Producers and would-be producers are forging new supply pacts with consumers, and investors are

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Rare earth minerals shortage feared by US and EU

October 27, 2010 (Source: BBC News) -- The US and the EU have warned that a shortage of rare earth metals from China could harm their economies. Officials and industrialists in Washington and Berlin said a lack of the minerals, 90% of which come from China, would have severe repercussions. The metals are essential for making many

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Dacha Executes Rare Earth Element Trade

October 27, 2010 -- Toronto, ON (Source: Marketwire) -- Dacha Strategic Metals Inc. (Dacha or the Company) (TSX VENTURE:DSM)(OTCQX:DCHAF) is pleased to report the trade of 20,000 kilograms (kg) (20 metric tonnes) of +99.99% pure Gadolinium Oxide for a total consideration of US$1,180,000. This transaction represents a 25% premium to the replacement cost of the material as

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