US backs Australian lithium, rare earths projects for up to $786 million
The United States has backed an Australian lithium and a rare earths project with up to $786 million in debt funding as Western countries seek to build supply chains for critical minerals.
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Miner backed by Canada province vows to compete with China in rare earths
The Canadian province of Saskatchewan has vowed to compete with China in processing and production of rare earths and become the first North American commercial alternative source for the metals, used to make magnets for electric vehicles and wind turbines.
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Rare earth developer Tactical Resources set for US listing with SPAC deal
Vancouver-based rare earths developer Tactical Resources is set to go public on the Nasdaq stock market through a merger with Plum Acquisition Corp, a US-listed blank-check firm.
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Meteoric Resources to supply rare earths oxide to Ucore
Rare earths developer Meteoric Resources said it has executed an agreement to supply 3,000 metric tons of rare-earth oxide from its forthcoming Caldeira rare earth ionic clay project in Brazil to Canada’s Ucore Rare Metals.
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Dominican Republic creates state miner to explore for rare earths
The Dominican Republic on Tuesday said it will create a state mining firm to explore and exploit the nation’s key mining resources, including rare earth minerals.
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Critical Metals ups stake in world’s largest rare earths project to 42%
Europe-focused Critical Metals Corp (Nasdaq: CRML) said on Tuesday it has completed Stage 1 of its recently announced plan to acquire a controlling interest in the Tanbreez rare earth project in Greenland.
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Vietnam arrests former deputy environment minister over rare earth mining violations
Police in Vietnam have arrested a former environment deputy minister and four other senior officials accused of violating mining regulations, following a wider investigation into wrongdoings at a rare earth company in northern Vietnam.
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Lynas Rare Earths flags supply chain disruption at Kalgoorlie
Lynas Rare Earths flagged BHP Group’s ability to supply sulphuric acid, a key ingredient in rare-earths processing, to its Kalgoorlie facility will be disrupted by the miner’s suspension of its Western Australia nickel operations.
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Africa’s rare earths could make up 9% of global supply by 2029
African mines could account for nearly a 10th of the world’s rare earths in five years, climbing from zero today, creating new players in a market dominated by China.
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Rising demand for responsible rare earths is not lifting prices
Lynas Rare Earths, the world’s largest producer outside of China, said on Thursday that demand for responsibly produced rare earths was increasing but had not resulted in higher prices.
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Canada blocks Chinese rare earths deal in Trudeau-led crackdown
Canada’s government will buy stockpiled rare earth materials from Vital Metals Ltd. in a deal that prevents the company from selling its production to a Chinese buyer.
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Western rare earths supply chain springs into gear
Global supply chains for rare earths are realigning to diversify away from top producer China to make permanent magnets used in products from electric vehicles to wind turbines and drones.
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Brazil joins race to loosen China’s grip on rare earths industry
Mining giant Brazil has big ambitions to build a rare earths industry as Western economies push to secure the metals needed for magnets used in green energy and defence and break China’s dominance of the supply chain.
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Second Australian rare earths producer suffers cyber attack
Iluka Resources Ltd. has become the second Australian rare earths miner to suffer a cyber attack in recent months, although the hackers weren’t able to penetrate its cybersecurity protections.
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China May rare earth exports jump 36% y/y on restocking
China’s exports of rare earths in May climbed 35.9% from a year earlier, customs data showed on Friday, buoyed by a wave of restocking from overseas buyers.
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Australia orders Chinese investors to sell down stake in rare earths miner
Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on Monday.
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Ucore says Wicheeda rare earth carbonate suitable for commercial-scale processing
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine to be suitable for processing on a commercial scale using Ucore’s RapidSX technology. The sample was tested at Ucore’s RapidSX commercialization and demonstration facility in Kingston, Ontario.
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Australian Strategic gets debt funding for rare earths project
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding package of up to A$400 million ($260.84 million) from Canada’s official export credit agency.
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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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Rare earth prices in China hit 7-week high on post-holiday restocking
Rare earths prices in top producer China jumped to their highest in more than seven weeks on Monday on a wave of post-holiday restocking among buyers, before easing slightly on Tuesday.
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MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory
MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.
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MP Materials awarded $58.5 million tax credit for Texas rare earth magnet factory
MP Materials announced on Monday it has received a $58.5 million award from the US government to advance the construction of America’s first fully integrated rare earth magnet manufacturing facility.
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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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Canada Rare Earth sets up supply operations in the DRC
Canada Rare Earth Corp. (TSXV: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through its wholly owned subsidiary Simba Essential Minerals.
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British Columbia rare earth project testing makes 50% TREO concentrates with 80% recovery
Defense Metals says metallurgical testing of samples from its Wicheeda rare earth project in British Columbia has shown that a 50% total rate earth oxide concentrate can be made. The recovery rate was 80%. The tests were carried out by SGS Canada.
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