China-linked fund seeks ouster of Australia rare earths miner’s chairman
Mining News Pro - A China-linked fund that is a major shareholder in Australia’s Northern Minerals has filed a motion to oust the rare earth developer’s chairman after the fund’s move for a higher stake was rejected on national interest grounds early this year.
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Australia blocks Chinese investor from raising stake in rare earths miner
Mining News Pro - Australian rare earths producer Northern Minerals said on Tuesday that the federal government had prevented its largest shareholder, China’s Yuxiao Fund, from raising its stake in the company on grounds of national interest.
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Only rare earths miner in US to bypass China in supply deal with Sumitomo
Mining News Pro - US rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the trading house bypass China in EV rare-earth supply chains.
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Lynas to invest $345m in rare earths mine to tap demand
Mining News Pro - Australia’s Lynas Rare Earths Ltd on Wednesday unveiled plans to invest A$500 million ($345.40 million) to expand capacity at its Western Australia-based Mt Weld mine, in an attempt to meet market demand for rare-earths materials.
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Vital Metals to become Canada’s first rare earths miner
Mining News Pro - Australia’s Vital Metals is getting ready to kick off mining operations at its Nechalacho rare earths project in Canada’s Northwest Territories, which will make it the country’s first producer of the elements used in magnets for electric vehicles, aerospace, defence and electronics.
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Alkane gets Australian financial support to build rare earths mine
Mining News Pro - Australian gold producer and rare earths developer Alkane Resources is a step closer to developing its Dubbo project after Australia’s export credit agency (EFA), confirmed its interest in financing the proposed mine.
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California rare earths miner races to refine amid US-China trade row
Mining News Pro - The owner of the only US rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war.
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