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 ABx’s rare earth project. The...
Rare_Earth news
Weekly Metals News Digest – August 26-30
Emirates 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 a capacity of 4.9 million...
Russia’s Rare Earth Metal Consumption Expected to Double by 2030
The 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 reserves of rare earth metals,...
Resouro Strategic Metal Advances Metallurgical Studies at Tiros Project in Brazil
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 Estimate (MRE) for the Tiros...
Echelon Resources Secures Gas Supply Deal for Rare Earth Mining in Australia
Echelon 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 will also fund the drilling...
Urgent Mineral Supply Chain Overhaul Needed to Secure U.S. Energy Future
The 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. While U.S. oil production has...
Tasmanian Rare Earth Mining Advances with New Exploration Success
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, has been actively engaging with...
Lynas Rare Earths Faces Sulphuric Acid Supply Disruption Due to BHP Nickel Operations Suspension
Lynas 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 for the suspension. On Friday,...
Vital Metals Redirects Canadian Rare Earths Stockpile Sale from China to Local Buyer
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 part of the Nechalacho rare...
Weekly Metals News Digest – June 24-28
Stellantis 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 Stellantis. These plants will use...