Huge Rare Earth Deposits Found In Pacific: Japan Experts
http://www.reuters.com/article/2011/07/ ... 0320110704
China plans to fix rare earth prices: report
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Re: China plans to fix rare earth prices: report
by styky » 07/ 05/ 11 1:19 pm
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All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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Re: China plans to fix rare earth prices: report
by WestViking » 07/ 05/ 11 1:54 pm
They could have some difficulties with price-fixing . . . . . .
http://www.freedominion.com.pa/phpBB2/viewtopic.php?f=10&t=145096
http://www.freedominion.com.pa/phpBB2/viewtopic.php?f=10&t=145096
The most effective way to stifle democracy is to transfer decision-making from the public arena to unaccountable institutions: activist judges, human rights tribunals, parliamentary committees, civil service bureaucrats and political party hacks.
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Re: China plans to fix rare earth prices: report
by Ogopogo » 07/ 06/ 11 12:15 am
http://news.yahoo.com/ocean-floor-muddi ... 05516.html
Ocean floor muddies China's grip on '21st-century gold'
AFPBy Richard Ingham | AFP – Sun, Jul 3, 2011
* A worker walks past waste being processed at a privately-owned rare earths factory on the outskirts of Baotou city in Inner Monglia, northwest China, in April 2011. China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests
China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests.
China accounts for 97 percent of the world's production of 17 rare-earth elements, which are essential for electric cars, flat-screen TVs, iPods, superconducting magnets, lasers, missiles, night-vision goggles, wind turbines and many other advanced products.
These elements carry exotic names such as neodymium, promethium and yttrium but in spite of their "rare-earth" tag are in fact abundant in the planet's crust.
The problem, though, is that land deposits of them are thin and scattered around, so sites which are commercially exploitable or not subject to tough environment restrictions are few.
As a result, the 17 elements have sometimes been dubbed "21st-century gold" for their rarity and value.
Production of them is almost entirely centred on China, which also has a third of the world's reserves. Another third is held together by former Soviet republics, the United States and Australia.
But a new study, published in the journal Nature Geoscience, points to an extraordinary concentration of rare-earth elements in thick mud at great depths on the Pacific floor.
Japanese geologists studied samples from 78 sites covering a major portion of the centre-eastern Pacific between 120 and 180 degrees longitude.
Drills extracted sedimentary cores to depths that in place were more than 50 metres (165 feet) below the sea bed.
More than 2,000 of these cores were chemically tested for content in rare-earth elements.
The scientists found rich deposits in samples taken more than 2,000 kilometres (1,200 miles) from the Pacific's mid-ocean ridges.
The material had taken hundreds of millions of years to accumulate, depositing at the rate of less than half a centimetre (0.2 of an inch) per thousand years. They were probably snared by action with a hydrothermal mineral called phillipsite.
At one site in the central North Pacific, an area of just one square kilometre (0.4 of a square mile) could meet a fifth of the world's annual consumption of rare metals and yttrium, says the paper.
Lab tests show the deposits can be simply removed by rinsing the mud with diluted acids, a process that takes only a couple of hours and, say the authors, would not have any environmental impact so long as the acids are not dumped in the ocean.
A bigger question is whether the technology exists for recovering the mud at such great depths -- 4,000 to 5,000 metres (13,000 to 16,250 feet) -- and, if so, whether this would be commercially viable.
In an email exchange with AFP, lead author Yasuhiro Kato, a professor of economic geology and geochemistry at the University of Tokyo, said the response from mining companies was as yet unknown, "because nobody knows the presence of the (rare-earth) -rich mud that we have discovered."
"I am not an engineer, just a geoscientist," Kato said. "But about 30 years ago, a German mining company succeeded in recovering deep-sea mud from the Red Sea. So I believe positively that our deep-sea mud is technologically developable as a mineral resource."
The market for rare-earth elements has tightened considerably over the last couple of years.
China has slashed export quotas, consolidated the industry and announced plans to build national reserves, citing environmental concerns and domestic demand.
These moves led to a fall of 9.3 percent in China's exports of rare-earth metals last year, triggering complaints abroad of strategic hoarding and price-gouging.
Japanese industry sources also said China temporarily cut off exports last year during a territorial row between Asia's two largest economies.
http://news.yahoo.com/ocean-floor-muddi ... 05516.html
Ocean floor muddies China's grip on '21st-century gold'
AFPBy Richard Ingham | AFP – Sun, Jul 3, 2011
* A worker walks past waste being processed at a privately-owned rare earths factory on the outskirts of Baotou city in Inner Monglia, northwest China, in April 2011. China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests
China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests.
China accounts for 97 percent of the world's production of 17 rare-earth elements, which are essential for electric cars, flat-screen TVs, iPods, superconducting magnets, lasers, missiles, night-vision goggles, wind turbines and many other advanced products.
These elements carry exotic names such as neodymium, promethium and yttrium but in spite of their "rare-earth" tag are in fact abundant in the planet's crust.
The problem, though, is that land deposits of them are thin and scattered around, so sites which are commercially exploitable or not subject to tough environment restrictions are few.
As a result, the 17 elements have sometimes been dubbed "21st-century gold" for their rarity and value.
Production of them is almost entirely centred on China, which also has a third of the world's reserves. Another third is held together by former Soviet republics, the United States and Australia.
But a new study, published in the journal Nature Geoscience, points to an extraordinary concentration of rare-earth elements in thick mud at great depths on the Pacific floor.
Japanese geologists studied samples from 78 sites covering a major portion of the centre-eastern Pacific between 120 and 180 degrees longitude.
Drills extracted sedimentary cores to depths that in place were more than 50 metres (165 feet) below the sea bed.
More than 2,000 of these cores were chemically tested for content in rare-earth elements.
The scientists found rich deposits in samples taken more than 2,000 kilometres (1,200 miles) from the Pacific's mid-ocean ridges.
The material had taken hundreds of millions of years to accumulate, depositing at the rate of less than half a centimetre (0.2 of an inch) per thousand years. They were probably snared by action with a hydrothermal mineral called phillipsite.
At one site in the central North Pacific, an area of just one square kilometre (0.4 of a square mile) could meet a fifth of the world's annual consumption of rare metals and yttrium, says the paper.
Lab tests show the deposits can be simply removed by rinsing the mud with diluted acids, a process that takes only a couple of hours and, say the authors, would not have any environmental impact so long as the acids are not dumped in the ocean.
A bigger question is whether the technology exists for recovering the mud at such great depths -- 4,000 to 5,000 metres (13,000 to 16,250 feet) -- and, if so, whether this would be commercially viable.
In an email exchange with AFP, lead author Yasuhiro Kato, a professor of economic geology and geochemistry at the University of Tokyo, said the response from mining companies was as yet unknown, "because nobody knows the presence of the (rare-earth) -rich mud that we have discovered."
"I am not an engineer, just a geoscientist," Kato said. "But about 30 years ago, a German mining company succeeded in recovering deep-sea mud from the Red Sea. So I believe positively that our deep-sea mud is technologically developable as a mineral resource."
The market for rare-earth elements has tightened considerably over the last couple of years.
China has slashed export quotas, consolidated the industry and announced plans to build national reserves, citing environmental concerns and domestic demand.
These moves led to a fall of 9.3 percent in China's exports of rare-earth metals last year, triggering complaints abroad of strategic hoarding and price-gouging.
Japanese industry sources also said China temporarily cut off exports last year during a territorial row between Asia's two largest economies.
Ocean floor muddies China's grip on '21st-century gold'
AFPBy Richard Ingham | AFP – Sun, Jul 3, 2011
* A worker walks past waste being processed at a privately-owned rare earths factory on the outskirts of Baotou city in Inner Monglia, northwest China, in April 2011. China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests
China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests.
China accounts for 97 percent of the world's production of 17 rare-earth elements, which are essential for electric cars, flat-screen TVs, iPods, superconducting magnets, lasers, missiles, night-vision goggles, wind turbines and many other advanced products.
These elements carry exotic names such as neodymium, promethium and yttrium but in spite of their "rare-earth" tag are in fact abundant in the planet's crust.
The problem, though, is that land deposits of them are thin and scattered around, so sites which are commercially exploitable or not subject to tough environment restrictions are few.
As a result, the 17 elements have sometimes been dubbed "21st-century gold" for their rarity and value.
Production of them is almost entirely centred on China, which also has a third of the world's reserves. Another third is held together by former Soviet republics, the United States and Australia.
But a new study, published in the journal Nature Geoscience, points to an extraordinary concentration of rare-earth elements in thick mud at great depths on the Pacific floor.
Japanese geologists studied samples from 78 sites covering a major portion of the centre-eastern Pacific between 120 and 180 degrees longitude.
Drills extracted sedimentary cores to depths that in place were more than 50 metres (165 feet) below the sea bed.
More than 2,000 of these cores were chemically tested for content in rare-earth elements.
The scientists found rich deposits in samples taken more than 2,000 kilometres (1,200 miles) from the Pacific's mid-ocean ridges.
The material had taken hundreds of millions of years to accumulate, depositing at the rate of less than half a centimetre (0.2 of an inch) per thousand years. They were probably snared by action with a hydrothermal mineral called phillipsite.
At one site in the central North Pacific, an area of just one square kilometre (0.4 of a square mile) could meet a fifth of the world's annual consumption of rare metals and yttrium, says the paper.
Lab tests show the deposits can be simply removed by rinsing the mud with diluted acids, a process that takes only a couple of hours and, say the authors, would not have any environmental impact so long as the acids are not dumped in the ocean.
A bigger question is whether the technology exists for recovering the mud at such great depths -- 4,000 to 5,000 metres (13,000 to 16,250 feet) -- and, if so, whether this would be commercially viable.
In an email exchange with AFP, lead author Yasuhiro Kato, a professor of economic geology and geochemistry at the University of Tokyo, said the response from mining companies was as yet unknown, "because nobody knows the presence of the (rare-earth) -rich mud that we have discovered."
"I am not an engineer, just a geoscientist," Kato said. "But about 30 years ago, a German mining company succeeded in recovering deep-sea mud from the Red Sea. So I believe positively that our deep-sea mud is technologically developable as a mineral resource."
The market for rare-earth elements has tightened considerably over the last couple of years.
China has slashed export quotas, consolidated the industry and announced plans to build national reserves, citing environmental concerns and domestic demand.
These moves led to a fall of 9.3 percent in China's exports of rare-earth metals last year, triggering complaints abroad of strategic hoarding and price-gouging.
Japanese industry sources also said China temporarily cut off exports last year during a territorial row between Asia's two largest economies.
http://news.yahoo.com/ocean-floor-muddi ... 05516.html
Ocean floor muddies China's grip on '21st-century gold'
AFPBy Richard Ingham | AFP – Sun, Jul 3, 2011
* A worker walks past waste being processed at a privately-owned rare earths factory on the outskirts of Baotou city in Inner Monglia, northwest China, in April 2011. China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests
China's monopoly over rare-earth metals could be challenged by the discovery of massive deposits of these hi-tech minerals in mud on the Pacific floor, a study on Sunday suggests.
China accounts for 97 percent of the world's production of 17 rare-earth elements, which are essential for electric cars, flat-screen TVs, iPods, superconducting magnets, lasers, missiles, night-vision goggles, wind turbines and many other advanced products.
These elements carry exotic names such as neodymium, promethium and yttrium but in spite of their "rare-earth" tag are in fact abundant in the planet's crust.
The problem, though, is that land deposits of them are thin and scattered around, so sites which are commercially exploitable or not subject to tough environment restrictions are few.
As a result, the 17 elements have sometimes been dubbed "21st-century gold" for their rarity and value.
Production of them is almost entirely centred on China, which also has a third of the world's reserves. Another third is held together by former Soviet republics, the United States and Australia.
But a new study, published in the journal Nature Geoscience, points to an extraordinary concentration of rare-earth elements in thick mud at great depths on the Pacific floor.
Japanese geologists studied samples from 78 sites covering a major portion of the centre-eastern Pacific between 120 and 180 degrees longitude.
Drills extracted sedimentary cores to depths that in place were more than 50 metres (165 feet) below the sea bed.
More than 2,000 of these cores were chemically tested for content in rare-earth elements.
The scientists found rich deposits in samples taken more than 2,000 kilometres (1,200 miles) from the Pacific's mid-ocean ridges.
The material had taken hundreds of millions of years to accumulate, depositing at the rate of less than half a centimetre (0.2 of an inch) per thousand years. They were probably snared by action with a hydrothermal mineral called phillipsite.
At one site in the central North Pacific, an area of just one square kilometre (0.4 of a square mile) could meet a fifth of the world's annual consumption of rare metals and yttrium, says the paper.
Lab tests show the deposits can be simply removed by rinsing the mud with diluted acids, a process that takes only a couple of hours and, say the authors, would not have any environmental impact so long as the acids are not dumped in the ocean.
A bigger question is whether the technology exists for recovering the mud at such great depths -- 4,000 to 5,000 metres (13,000 to 16,250 feet) -- and, if so, whether this would be commercially viable.
In an email exchange with AFP, lead author Yasuhiro Kato, a professor of economic geology and geochemistry at the University of Tokyo, said the response from mining companies was as yet unknown, "because nobody knows the presence of the (rare-earth) -rich mud that we have discovered."
"I am not an engineer, just a geoscientist," Kato said. "But about 30 years ago, a German mining company succeeded in recovering deep-sea mud from the Red Sea. So I believe positively that our deep-sea mud is technologically developable as a mineral resource."
The market for rare-earth elements has tightened considerably over the last couple of years.
China has slashed export quotas, consolidated the industry and announced plans to build national reserves, citing environmental concerns and domestic demand.
These moves led to a fall of 9.3 percent in China's exports of rare-earth metals last year, triggering complaints abroad of strategic hoarding and price-gouging.
Japanese industry sources also said China temporarily cut off exports last year during a territorial row between Asia's two largest economies.
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Ogopogo - Posts: 19717
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Re: China plans to fix rare earth prices: report
by free_life2 » 07/ 06/ 11 10:29 am
Comment from: http://news.yahoo.com/ocean-floor-muddi ... 05516.html
Mt Hikes
This story misses the point so badly it hurts.
First: "Rare Earth Metals" are not rare at all, just about any substantial mountain chain has significant minable deposits.
Second: probable location of deposits are not a mystery and can be quickly found by any mid-level geologist looking at a (geological) map.
Third: The US used to be the top producers of REM until all the mines were shut down because they couldn't competitvely keep up with safety and regulatory changes. The mines are still there, and there is plenty of REM still available, if only they were to re-open.
So, what's the problem: REM and co-deposited elements, were geologically created through the decay of natural Uranium. Consequently, there is always a modest amount of radioactivity associated with any deposit. Since the ore mined is many times the volume of the actual REM extracted, there is a lot of low-radioactivity waste-product to de disposed.
China is perfectly ok dealing with the radioactive waste-products, the industrial world can't stomach it. So, the result is obvious: Just about all the REM mining that is actually taking place is in China. Finding REM at sea is nothing special and doesn't change the bottom line: Are the industrial countries willing to deal with radioactive mining, or not?
So, let all those "Greens" who think that the future is in solar panels, windmills, and electric vehicle (all of which depend on REM) make up their mind: Do you want your "renewable energy" future badly enough to be willing to live with radioacive mining activities, or not?
(Letting China do the REM mining while reveling in your "Green" Hybrid is just plain denial!)
Dan.
Mt Hikes
This story misses the point so badly it hurts.
First: "Rare Earth Metals" are not rare at all, just about any substantial mountain chain has significant minable deposits.
Second: probable location of deposits are not a mystery and can be quickly found by any mid-level geologist looking at a (geological) map.
Third: The US used to be the top producers of REM until all the mines were shut down because they couldn't competitvely keep up with safety and regulatory changes. The mines are still there, and there is plenty of REM still available, if only they were to re-open.
So, what's the problem: REM and co-deposited elements, were geologically created through the decay of natural Uranium. Consequently, there is always a modest amount of radioactivity associated with any deposit. Since the ore mined is many times the volume of the actual REM extracted, there is a lot of low-radioactivity waste-product to de disposed.
China is perfectly ok dealing with the radioactive waste-products, the industrial world can't stomach it. So, the result is obvious: Just about all the REM mining that is actually taking place is in China. Finding REM at sea is nothing special and doesn't change the bottom line: Are the industrial countries willing to deal with radioactive mining, or not?
So, let all those "Greens" who think that the future is in solar panels, windmills, and electric vehicle (all of which depend on REM) make up their mind: Do you want your "renewable energy" future badly enough to be willing to live with radioacive mining activities, or not?
(Letting China do the REM mining while reveling in your "Green" Hybrid is just plain denial!)
Dan.
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free_life2 - Posts: 12333
- Joined: 11/ 18/ 04 3:34 pm
- Location: Heaven
Re: China plans to fix rare earth prices: report
by WestViking » 07/ 06/ 11 1:15 pm
So, what's the problem: REM and co-deposited elements, were geologically created through the decay of natural Uranium. Consequently, there is always a modest amount of radioactivity associated with any deposit. Since the ore mined is many times the volume of the actual REM extracted, there is a lot of low-radioactivity waste-product to de disposed.
China is perfectly ok dealing with the radioactive waste-products, the industrial world can't stomach it. So, the result is obvious: Just about all the REM mining that is actually taking place is in China. Finding REM at sea is nothing special and doesn't change the bottom line: Are the industrial countries willing to deal with radioactive mining, or not?
So, let all those "Greens" who think that the future is in solar panels, windmills, and electric vehicle (all of which depend on REM) make up their mind: Do you want your "renewable energy" future badly enough to be willing to live with radioacive mining activities, or not?
Deposits containing rare earth are radioactive to begin with. After rare earth elements are extracted, the deposits are no more radioactive than they were prior to rare earth extraction. What is the problem?
The most effective way to stifle democracy is to transfer decision-making from the public arena to unaccountable institutions: activist judges, human rights tribunals, parliamentary committees, civil service bureaucrats and political party hacks.
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WestViking - Member
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Re:
by free_life2 » 07/ 07/ 11 1:42 pm
styky wrote:Feds see opportunity in rare earths
By Chang-Ran Kim, REUTERS
Last Updated: November 10, 2010
YOKOHAMA, Japan - Canada’s trade minister said China’s approach to supplying rare earth minerals to the world was troubling but presented an opportunity for resource-rich Canada to step up to the plate.
“Everybody is concerned about supply of rare earths,” Peter Van Loan told Reuters on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting.
“The approach of the Chinese is troubling because it is not a market approach that they’ve adopted.”
Rare earths, a group of 17 metals essential to high-technology goods from LCD televisions to hybrid cars, are difficult to source outside of China, which produces more than 97 percent of the global supply.
More - http://www.winnipegsun.com/money/2010/1 ... 65871.html
Article no longer available, do you want to buy it? Time to start posting the whole article I think.
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free_life2 - Posts: 12333
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- Location: Heaven
Re: Re:
by styky » 07/ 07/ 11 1:58 pm
free_life2 wrote:styky wrote:Feds see opportunity in rare earths
By Chang-Ran Kim, REUTERS
Last Updated: November 10, 2010
YOKOHAMA, Japan - Canada’s trade minister said China’s approach to supplying rare earth minerals to the world was troubling but presented an opportunity for resource-rich Canada to step up to the plate.
“Everybody is concerned about supply of rare earths,” Peter Van Loan told Reuters on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) meeting.
“The approach of the Chinese is troubling because it is not a market approach that they’ve adopted.”
Rare earths, a group of 17 metals essential to high-technology goods from LCD televisions to hybrid cars, are difficult to source outside of China, which produces more than 97 percent of the global supply.
More - http://www.winnipegsun.com/money/2010/1 ... 65871.html
Article no longer available, do you want to buy it? Time to start posting the whole article I think.
It was bound to happen sooner or later. I may soon switch to just posting headlines and links.
Click here for FREEDOMINION FORUM RULES
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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styky - Member
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Re: China plans to fix rare earth prices: report
by styky » 03/ 13/ 12 1:30 pm
China warned against 'skirting rules' on rare earth
he Associated Press
Date: Tuesday Mar. 13, 2012 1:11 PM ET
WASHINGTON — President Barack Obama warned China Tuesday that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."
Making an election-year pitch to American workers, and businesses as well, Obama announced Washington has brought a new trade case against Beijing. The goal is to pressure China, a rising Asian economic power, to end its restrictions on exports of key materials used to manufacture hybrid car batteries, flat screen televisions and other high tech-goods.
"If China would simply let the market work on its own, we'd have no objection," Obama said during remarks at the White House. "But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow."
The U.S., working in conjunction with the European Union and Japan, asked the World Trade Organization Tuesday to facilitate talks with China over its curtailment of exports of what's known as rare earth minerals. Obama cast the fresh action against China as part of a broader push to level the playing field for U.S. companies.
"When it is necessary, I will take action if our workers and our businesses are being subjected to unfair practices," Obama said.
Read more: http://www.ctv.ca/CTVNews/TopStories/20 ... z1p1NEMdNo
he Associated Press
Date: Tuesday Mar. 13, 2012 1:11 PM ET
WASHINGTON — President Barack Obama warned China Tuesday that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."
Making an election-year pitch to American workers, and businesses as well, Obama announced Washington has brought a new trade case against Beijing. The goal is to pressure China, a rising Asian economic power, to end its restrictions on exports of key materials used to manufacture hybrid car batteries, flat screen televisions and other high tech-goods.
"If China would simply let the market work on its own, we'd have no objection," Obama said during remarks at the White House. "But their policies currently are preventing that from happening. And they go against the very rules that China agreed to follow."
The U.S., working in conjunction with the European Union and Japan, asked the World Trade Organization Tuesday to facilitate talks with China over its curtailment of exports of what's known as rare earth minerals. Obama cast the fresh action against China as part of a broader push to level the playing field for U.S. companies.
"When it is necessary, I will take action if our workers and our businesses are being subjected to unfair practices," Obama said.
Read more: http://www.ctv.ca/CTVNews/TopStories/20 ... z1p1NEMdNo
Click here for FREEDOMINION FORUM RULES
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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styky - Member
- Posts: 120244
- Joined: 03/ 10/ 03 9:21 pm
Re: China plans to fix rare earth prices: report
by styky » 03/ 13/ 12 7:17 pm
Oh, the irony – rare-earth minerals aren’t that rare
SIMON AVERY | Columnist profile
From Wednesday's Globe and Mail
Published Tuesday, Mar. 13, 2012 6:53PM EDT
Last updated Tuesday, Mar. 13, 2012 7:10PM EDT
Rare-earth producers saw their stocks jump Tuesday as a result of the international spat over China’s decision to withhold some of the key industrial minerals from global markets. But investors hoping to profit from the trend have to confront an unpleasant reality.
Rare-earth minerals aren’t all that rare.
While China provides almost all the world’s supply, that is more a factor of economics than geology.
Rare-earth elements are found around the globe. But China has managed to produce them more cheaply than other countries, and it has kept prices low for so long that it became uneconomical for mines outside the country to stay in production.
Today, however, two Western-based companies are close to bringing mines outside China to full production, a move that could weaken prices for several rare-earth minerals.
Molycorp Inc., (MCP-N30.830.963.21%) of Greenwood Village, Colo., is restarting a mine in California that was once the world’s largest producer of rare-earth minerals before falling prices and environmental concerns forced its closing several years ago. At the same time, Australia’s Lynas Corp. hopes to get a mine in Malaysia into full production before the end of the year.
Meanwhile, a host of other miners hope to reach production some time soon after, a move that would depress prices that are already in decline.
“There’s no monopoly here,” says Jon Hykawy, an analyst with Byron Capital Markets in Toronto. “They are all going to be angling for the best cash flow that they can get.” ........................http://www.theglobeandmail.com/globe-in ... le2368374/
SIMON AVERY | Columnist profile
From Wednesday's Globe and Mail
Published Tuesday, Mar. 13, 2012 6:53PM EDT
Last updated Tuesday, Mar. 13, 2012 7:10PM EDT
Rare-earth producers saw their stocks jump Tuesday as a result of the international spat over China’s decision to withhold some of the key industrial minerals from global markets. But investors hoping to profit from the trend have to confront an unpleasant reality.
Rare-earth minerals aren’t all that rare.
While China provides almost all the world’s supply, that is more a factor of economics than geology.
Rare-earth elements are found around the globe. But China has managed to produce them more cheaply than other countries, and it has kept prices low for so long that it became uneconomical for mines outside the country to stay in production.
Today, however, two Western-based companies are close to bringing mines outside China to full production, a move that could weaken prices for several rare-earth minerals.
Molycorp Inc., (MCP-N30.830.963.21%) of Greenwood Village, Colo., is restarting a mine in California that was once the world’s largest producer of rare-earth minerals before falling prices and environmental concerns forced its closing several years ago. At the same time, Australia’s Lynas Corp. hopes to get a mine in Malaysia into full production before the end of the year.
Meanwhile, a host of other miners hope to reach production some time soon after, a move that would depress prices that are already in decline.
“There’s no monopoly here,” says Jon Hykawy, an analyst with Byron Capital Markets in Toronto. “They are all going to be angling for the best cash flow that they can get.” ........................http://www.theglobeandmail.com/globe-in ... le2368374/
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styky - Member
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Re: China plans to fix rare earth prices: report
by styky » 03/ 16/ 12 10:16 pm
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All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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styky - Member
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Re: China plans to fix rare earth prices: report
by styky » 04/ 10/ 12 3:56 pm
While Rare-Earth Trade Dispute Heats Up, Scientists Seek Alternatives
http://news.nationalgeographic.com/news ... -energy/?s
http://news.nationalgeographic.com/news ... -energy/?s
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All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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styky - Member
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Re: China plans to fix rare earth prices: report
by Lee Enfield » 04/ 10/ 12 4:34 pm
Gold is not really that rare either, but finding an economically viable gold deposit is like finding a needle in a haystack. All minerals or will be getting scarce to meet Asian demand. Higher prices will be needed to create exploration and development.
From initial discovery to the commercial mining of a mineral typically takes a decade or more. China probably has the world over a barrel. Just as talk starts to open a mine, they will probably flood the market with cheap REMs to make financing a new mine all but impossible.
What is China doing with all those US dollars? Running all over the world buying up farmland, mining and energy projects in countries that are stupid enough to sell it to them.
From initial discovery to the commercial mining of a mineral typically takes a decade or more. China probably has the world over a barrel. Just as talk starts to open a mine, they will probably flood the market with cheap REMs to make financing a new mine all but impossible.
What is China doing with all those US dollars? Running all over the world buying up farmland, mining and energy projects in countries that are stupid enough to sell it to them.
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Lee Enfield - Posts: 463
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Re: China plans to fix rare earth prices: report
by styky » 04/ 10/ 12 8:37 pm
Lee Enfield wrote:Gold is not really that rare either, but finding an economically viable gold deposit is like finding a needle in a haystack. All minerals or will be getting scarce to meet Asian demand. Higher prices will be needed to create exploration and development.
From initial discovery to the commercial mining of a mineral typically takes a decade or more. China probably has the world over a barrel. Just as talk starts to open a mine, they will probably flood the market with cheap REMs to make financing a new mine all but impossible.
What is China doing with all those US dollars? Running all over the world buying up farmland, mining and energy projects in countries that are stupid enough to sell it to them.
Apparently Canada doesn't really give a hoot what gets sold and becomes foreign-owned.............. http://en.wikipedia.org/wiki/Foreign_ow ... _of_Canada
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"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
All the great things are simple, and many can be expressed in a single word: freedom; justice; honor; duty; mercy; hope ~ Sir Winston Churchill
"The problem with socialism is that eventually you run out of other peoples money." Margaret Thatcher They say it takes a minute to find a special person, an hour to appreciate them, a day to love them, but then an entire life to forget them.
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