MTM Critical Metals has announced significant progress in the recovery of Rare Earth Elements (REE) and critical metals from coal fly ash using its Flash Joule Heating (FJH) prototype. This innovative technology has demonstrated a more than 50% improvement in the acid leachability of these elements, which is a substantial increase compared to traditional acid...
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Bell Potter, a prominent brokerage firm, maintains a positive outlook on Lynas Rare Earths, supported by the current price levels of neodymium and praseodymium, which are believed to be nearing the bottom of the cost curve. Analyst Regan Burrows highlighted in a recent note that the potential for medium-term price increases significantly outweighs the risks...
READ MORENamibia Critical Metals, a TSX-listed company, has announced significant updates to the mineral resource estimate for its Lofdal Heavy Rare Earth Project in Namibia. Following a comprehensive infill drilling campaign completed in 2023, the company reported an increase in combined measured and indicated mineral resources from 44.8 million tonnes at 0.17% total rare earth oxides...
READ MOREIndia is actively seeking collaborations with leading critical mineral producers worldwide, including the United States, Australia, the United Kingdom, South Korea, and Japan, to import processing technology into the country. This initiative aligns with India’s strategy to auction critical mineral mines and emphasizes the government’s ambition to establish domestic processing facilities for these valuable resources....
READ MOREPioneering Copper Recycling for Advanced Manufacturing in South Korea LG Cable, recognized as South Korea’s premier cable and wire manufacturer, has unveiled a significant technological advancement in copper foil production. This innovation facilitates the creation of copper foil directly from the copper scrap generated during the manufacturing of cable and wire products. Copper foil plays...
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Rosatom is on track to significantly bolster Russia’s rare-earth metals (REM) production capabilities with the anticipated completion of a new production facility by the end of 2026. Ruslan Dimukhamedov, the Chairman of the Association of Producers and Consumers of Rare and Rare Earth Metals and General Director of the JSC Solikamsk Magnesium Plant (a Rosatom...
READ MOREIonic Rare Earths has reached a significant milestone in the development of its Makuutu rare earths project in Uganda, with the completion and commissioning of the Stage 1 technical facilities and pilot plant. Managed by Rwenzori Rare Metals, Ionic’s local Ugandan operating entity, the Makuutu mine is on the cusp of a new era, poised...
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Pacific Bay Minerals, a Vancouver-based mineral exploration company, has announced the acquisition of the Sphinx Mountain Rare Earth Elements Project located in Northern British Columbia, about 50 kilometers northeast of Dease Lake. The property, previously under Pacific Bay’s ownership, was subject to a 2011 work program that built upon high stream sediment sample data from...
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Equinox Resources has initiated a significant step forward in its Campo Grande Project in Bahia, Brazil, with the discovery of multiple rare earth element (REE) outcrops and saprolitic clay formations across its targeted areas. The project, spanning 1,755.2 km², has received environmental and land access authorizations, paving the way for the commencement of the company’s...
READ MOREAustralia’s Lynas, a leading rare-earths miner outside China, reported a half-year profit exceeding expectations, boosting its shares by 2.6% to A$5.99. Despite facing a challenging market with weak commodity prices and slow demand from China, Lynas posted a net profit of A$39.5 million for the six months ending December 31, surpassing the consensus estimate of...
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In the rugged terrains of Kyrgyzstan and Tajikistan, beneath the surface of these two Central Asian nations, lies a treasure trove of critical raw materials (CRMs) that could significantly alter their economic landscapes. These CRMs, vital for the production of high-tech products like smartphones, electric vehicles (EVs), and renewable energy technologies, have caught the attention...
READ MOREIluka Resources, a company specializing in critical minerals, has confirmed that its Eneabba rare earths refinery project in Western Australia is facing significant cost overruns. The projected cost is now estimated to be between A$1.7 billion (approximately $1.105 billion USD) and A$1.8 billion (approximately $1.17 billion USD), marking the upper limit of the previously forecasted...
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Ucore Rare Metals, situated in Kingston, has been awarded over $4.2 million from the federal government’s Critical Minerals Research, Development and Demonstration fund. This funding is set to expedite the company’s operations in processing rare earth minerals, which are crucial for the production of electric vehicle batteries, wind turbines, and other green technologies. Mike Schrider,...
READ MORENamibia, a beacon for mining investment in Africa, faces a pivotal moment in its economic trajectory. Despite its rich deposits of critical minerals, including diamonds, magnesium, zinc, and notably lithium and rare earth elements (REEs), the country’s ambition to refine its own minerals is hampered by a lack of necessary infrastructure. Mining significantly contributes to...
READ MOREUganda Grants Mining License for Prominent Makutu Rare Earth Project Ionic Rare Earths has secured a mining license from the Ugandan government for the Makutu rare earth project, poised for a final investment decision later this year. Assuming successful construction, the venture is anticipated to commence production by 2026. Situated 40 kilometers east of Jinja...
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The U.S. Geological Survey (USGS) has significantly reduced its estimates for Vietnam’s rare earths production, forecasting further decreases despite the country’s abundant resources. This revision contrasts with an increase in production by China, the leading global producer. The adjustments in production estimates come after the Vietnamese authorities arrested corporate executives involved with Western companies in...
READ MOREThe Russian government has officially transferred a significant 89.5% stake in the Solikamsk Magnesium Plant (SMZ) to Rosatom, the state nuclear energy corporation. This strategic move, completed on January 22, is part of a broader effort to consolidate Russia’s position in the rare earth metals and magnesium production sectors. Located in the Perm Region, SMZ...
READ MOREStrategic Partnership Aims to Develop Victoria’s Rare Earth Resources Astron Corporation has announced a significant collaboration with Energy Fuels, a major player in the rare earths and mineral sands sector, through a non-binding memorandum of understanding. The partnership aims to jointly develop the 2.6 billion-tonne Donald rare earths and mineral sands project located in Victoria....
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Eskişehir Facility to Elevate Turkey’s Mining Industry Turkey is poised to become a leading producer of rare earth elements with the completion of its industrial facility in Eskişehir, as stated by Energy and Natural Resources Minister Alparslan Bayraktar. This development positions Turkey among the top five global producers, marking a significant leap in the mining...
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Understanding Rare Earth Minerals Rare earth minerals, comprising 17 elements like lanthanum, cerium, and neodymium, are pivotal in high-tech product manufacturing. These include military equipment, electric car magnets, wind turbines, and consumer electronics. Their significance stems from their unique properties, which are integral to advanced technological applications. China’s Dominance in the Sector In 2022, China...
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Innovation in Rare Earth Magnet Recycling The U.S. is actively working to reduce its dependence on foreign Rare Earth Elements (REEs), with companies like Noveon Magnetics leading the charge. Noveon Magnetics, headquartered in Texas, has developed a sustainable approach to increase domestic Rare Earth Magnet production. CEO Scott Dunn explained that the company is bypassing...
READ MOREBeijing’s Strategic Decision In a notable development, China has announced a ban on the export of certain technologies related to the production of rare earths. This decision, detailed in a Ministry of Commerce document, specifically targets technologies associated with rare earth mining, processing, and smelting. Notably, this ban does not extend to rare earth products...
READ MORECopper Prices Rebound on the London Metal Exchange Copper prices on the London Metal Exchange have started to rise after a prolonged slump, prompting analysts to revise their forecasts for a surplus of the red metal in the global market. For instance, Macquarie Bank now predicts a surplus of 100 thousand tonnes in 2024 and...
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Progress in Makuutu Rare Earths Project Ionic Rare Earths has announced significant progress in the construction of its technical facility and the Demonstration Plant at the Makuutu Rare Earths Project in Uganda. The project is being undertaken by the local Ugandan operating entity Rwenzori Rare Metals. Facility Goals and Testing The Makuutu Demonstration Plant aims...
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