Lynas Rare Earths’ revenue slumps, misses expectations
Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.
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Australia earmarks $550m for Arafura rare earths project
Australia will provide up to A$840 million ($550 million) for the first combined rare earths mine and refinery in the country’s Northern Territory, owned by Arafura Rare Earths, Prime Minister Anthony Albanese said on Thursday.
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Lynas Rare Earths quits tie-up talks with MP Materials
Australia’s Lynas Rare Earths said on Monday confidential talks have ended with US-based MP Materials for a possible merger that industry sources said would have been difficult for the sides to agree on a value.
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Rare earths prices seen rebounding in second half of 2024
Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind powerand as dominant producer China is expected to pull back on expanding output quotas, analysts said.
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Vietnam rare earths output drops as China’s grows, US says
The US geological agency has sharply revised down estimates on Vietnam’s rare earths output and expects a further drop despite its rich resource base, according to an annual report, which showed a rise in dominant producer China’s output.
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China, in comic strip, warns of ‘overseas’ threats to its rare earths
China’s chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country’s strategic metals under threat from covetous “overseas organisations”.
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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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China promotes development of strategic rare earths sector
Mining News Pro - China, the world’s largest supplier of rare earths, said it would coordinate the exploration, development, utilization and standardized management in the industry, the state broadcaster said on Friday, highlighting the importance Beijing attaches to the strategic mineral resource.
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Ionic wins licence to mine rare earths in Uganda
Mining News Pro - Australia’s Ionic Rare Earths secured on Friday a large-scale mining licence for its the Makuutu heavy rare earths project in Uganda.
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Inside Vietnam’s plans to dent China’s rare earths dominance
Mining News Pro - Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies.
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Malaysia to ban export of rare earths to boost domestic industry
Mining News Pro - Malaysia will develop a policy to ban exports of rare earth raw materials to avoid exploitation and loss of resources, Prime Minister Anwar Ibrahim said on Monday, making it the latest country to restrict shipments of key minerals.
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China July rare earths exports refresh an over three-year high on decent demand
Mining News Pro - China’s exports of rare earths in July rose 49% from a year earlier to 5,426 metric tons, customs data showed on Tuesday, supported by healthy demand from the new energy vehicle and wind power sectors.
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World battles to loosen China’s grip on vital rare earths for clean energy transition
Mining News Pro - Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas.
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Rare earths prices sink to lowest since 2020 as China ramps up supply
Mining News Pro - Prices for rare earths sank to their lowest since late 2020 this week as soft demand from green energy companies and the automotive sector combined with rising supply from top producer China, analysts said on Thursday.
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China’s rare earths dominance in focus after mineral export curbs
Mining News Pro - China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security interests.
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Hastings Technology Metals to supply rare earths to Neo Performance
Mining News Pro - Australia’s rare earth developer Hastings Technology Metals said on Tuesday it signed a non-binding agreement with Canada’s Neo Performance Materials to supply rare earth concentrate from its Yangibana project in Western Australia.
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Malaysia gives Lynas extension to keep rare earths unit open
Mining News Pro - Malaysian authorities granted a six-month extension to Australia miner Lynas Rare Earths Ltd. to get its rare earth plant in line with environmental requirements.
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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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Europe’s largest rare earths deposit found in Sweden
Mining News Pro - Swedish state-owned mining company LKAB said it had found Europe’s largest known deposit of rare earths close to Kiruna, the country’s northernmost town.
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the Western world must end China’s stranglehold of rare earths
Mining News Pro - Jason Mitchell argues that the war in Ukraine has shown why it is absolutely vital that the United States and the Western world develop their own supply chain for rare earth elements.
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Vital Metals ditches Quebec rare earths projects
Mining News Pro - Australia’s Vital Metals (ASX: VML), the first rare earths producer in Canada, has walked away from a deal Quebec Precious Metals Corp. to buy the junior’s Zeus project and a 68% stake the Kipawa heavy rare earths, inked last year.
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Forget rare earths, boron is the critical mineral to track
Mining News Pro - The 17 elements served as the basis of a top-selling video game, provided a plot point for a popular Netflix drama, sparked a drawn-out WTO dispute and were used to slam Barack Obama.
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Lynas posts record profit on solid rare earths demand
Mining News Pro - Australia’s Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a global push for reducing carbon emissions.
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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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