Advanced Electric Machines (AEM), a start-up from Newcastle, England, is transforming the e-mobility sector with its innovative High-Density Switched Reluctance Motor (HDSRM). By eliminating the use of rare earth materials and copper, AEM has developed a more sustainable and cost-effective electric motor, with aluminum-based technology at its core. This approach not only reduces costs by...
READ MOREAmerican Rare Earths has announced a significant rare earth deposit discovery at its Halleck Creek project in Wyoming, USA, initially valued at $37 billion. The deposit contains critical minerals such as neodymium, dysprosium, praseodymium, samarium, and terbium, essential for manufacturing electronic devices, electric vehicles, wind turbines, and defense technologies. Notably, only 25% of the total...
READ MOREA new technology developed by MTM Critical Metals has the potential to bring about a significant shift in the processing of rare earth elements (REE). The company’s flash joule heating (FJH) technology has successfully removed nearly 50% of the main impurities—iron, aluminium, calcium, and phosphorus—from REE flotation concentrate in a single step. This breakthrough now...
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South Melbourne-based ABx Group and Canada’s Ucore Rare Metals have entered into a Memorandum of Understanding (MOU) to collaborate on a binding offtake agreement for the supply of mixed rare earth carbonates (MREC) from ABx’s rare earth project in Tasmania to Ucore’s facilities in the USA. This partnership also explores investment opportunities for Ucore in...
READ MOREEmirates Global Aluminium Expands into U.S. Secondary Aluminum Market Emirates Global Aluminium has announced plans to acquire an 80% stake in Spectro Alloys, a leading U.S. secondary aluminum producer with a capacity of approximately 110,000 tons of ingots. This acquisition will bolster Emirates Global Aluminium’s presence in the growing U.S. secondary aluminum market, which saw...
READ MOREThe consumption of rare earth metals (REMs) in Russia is projected to double by 2030, reaching 3,000 tons, according to Igor Kalabsky, Head of the Rare and Rare Earth Metals, Precious Metals, and Stones Department at the Ministry of Industry and Trade of the Russian Federation. Kalabsky announced this forecast during Technoprom-2024. Despite Russia’s significant...
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Resouro Strategic Metal has announced a significant advancement in its metallurgical studies for the Tiros Titanium and Rare Earth Elements Project in Brazil. This update marks an important milestone in the development of the project, demonstrating the potential for high levels of rare earth extraction. Following the release of the Company’s maiden JORC Mineral Resource...
READ MOREEchelon Resources, a Wellington-headquartered oil and gas exploration firm listed on the Australian Securities Exchange (ASX), has signed a significant contract to supply gas for rare earth mining projects in Western Australia. The deal, inked with the Northern Territory Government, enables Echelon to provide gas from its Mereenie joint venture field until 2030. This agreement...
READ MOREThe global shift toward electrified economies is reshaping perceptions of energy security, with the supply of critical minerals like lithium, graphite, copper, and rare earths now dictating the pace of energy technology deployment. As countries scramble to secure these essential resources, the U.S. finds itself facing significant supply chain vulnerabilities despite its abundant mineral reserves....
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A potential rare earth mining project in Tasmania is progressing following a successful exploration drilling campaign conducted south-east of Devonport. The 37-hole program targeted an area northwest of ABx Group’s high-grade Deep Leads discovery near Westbury, indicating significant promise for rare earth elements in the region. ABx Group, chaired by former Labor premier Paul Lennon,...
READ MORELynas Rare Earths has raised concerns about the potential disruption in the supply of sulphuric acid to its Kalgoorlie processing facility following BHP Group’s announcement to suspend its Western Australia nickel operations starting October. BHP, the world’s largest-listed miner, cited a decline in metal prices and an oversupply issue in the global market as reasons...
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Vital Metals has decided against selling its stockpile of Canadian-mined rare earth elements to China. Instead, the Australian-owned company will sell its stockpile to the Saskatchewan Research Council (SRC) for $3 million. The new agreement, facilitated by Natural Resources Canada, underscores the strategic importance of keeping Canadian resources within the country. Vital Metals, which operates...
READ MOREStellantis Plans to Become a Nickel Producer Investment in Indonesian Nickel Production European automobile giant Stellantis is negotiating with Brazilian corporation Vale and Chinese company Huayou Cobalt to invest in nickel production facilities in Indonesia. Vale plans to establish two metallurgical plants in partnership with Western car manufacturers, one with Ford and the other with...
READ MORELynas Rare Earths, an Australian-listed miner, plans to separate two types of heavy rare earths at its Malaysian plant, aiming to weaken China’s dominance in the market for these essential materials used in electric cars and electronics. The company has developed a new process to produce separated dysprosium and terbium for the first time at...
READ MOREAn Australian mining executive has raised concerns over China’s influence on global rare earth prices, describing it as an “existential threat” to Western nations. Tom O’Leary, CEO of Iluka Resources, highlighted China’s control over the rare earths supply chain during a global mining conference in Japan. O’Leary argued that China’s dominance has led to market...
READ MORENorway’s Potential Entry into the Rare Earths Market Fen Deposit Development by Rare Earths Norway (REN) Norway could become a significant producer of rare earth metals through a project led by Rare Earths Norway (REN) to develop the large Fen deposit. Fen, an ancient volcano with magma rich in carbonates, contains substantial rare earth elements....
READ MOREChinese Premier Li Qiang met with Australian Prime Minister Anthony Albanese in Perth on June 18th to address ongoing disagreements over Chinese investment in Australia’s key minerals sector. This visit marks the first by a senior Chinese leader to Australia in seven years and comes as Australia seeks to diversify its supply chains for essential...
READ MORERare Earths Norway (REN) has announced the first JORC2012 compliant resource estimate for its Fen carbonatite rare earth mine in southeast Norway, following three years of exploration. This development marks a significant milestone for the company, which holds exploration licenses for 90% of the Fen carbonate mafic body area. The initial inferred resource estimate is...
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Lynas will likely need to further expand its Mt Weld rare earths mine to utilize its spare cracking and leaching capacity, according to Morgan Stanley analysts. Options for acquiring unprocessed rare earths from third parties appear limited, and Lynas’s operational costs will remain higher than optimal until it can operate at full capacity. Analysts estimate...
READ MORETrident Global Holdings, a prominent Korea-based conglomerate with interests in mining, real estate, and carbon capture technology, has announced the acquisition of rights to three significant rare earth element mines in Vietnam. Trident will provide the necessary manpower, capital, technology, and equipment for the development and processing of these mines. In partnership with Vietnam’s Hung...
READ MOREGodolphin Resources has announced the commencement of a third phase of metallurgical test work on samples from its 100% owned Narraburra Rare Earth Elements (REE) Project. The process development testing, designed collaboratively by ANSTO and Ausenco Services Pty Ltd, includes the production of a Mixed Rare Earth Carbonate (MREC) product. This phase aims to support...
READ MOREKazakhstan and Uzbekistan are poised to become significant competitors to China in the rare earth metals market, potentially providing a critical source of income for both nations and reducing Europe’s dependence on Chinese supplies, according to a Business Insider article. Currently, China controls at least 80% of the global rare earth metals supply market. These...
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Tom O’Leary, CEO of Iluka Resources, issued a stark warning about China’s strategic manipulation of the rare earths market during the company’s annual shareholder meeting in Perth. O’Leary described China’s control over the industry, particularly heavy rare earths, as nearly absolute, achieved through dominant production and influence on pricing strategies. He criticized Chinese state-owned entities...
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The global mining flotation chemicals market is poised for expansion, with an estimated increase of USD 3.00 billion from 2024 to 2028, marking a growth rate of 5.13% annually during the forecast period. The Asia-Pacific (APAC) region is expected to contribute significantly, accounting for 37% of the global market growth. The demand in APAC is...
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