DailyFinance  Apr 10  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/10/14 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that Pele has entered into an Access Agreement with Rio Algom Limited ("RAL"), granting Pele...
DailyFinance  Apr 9  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 04/09/14 -- Quest Rare Minerals Ltd. (TSX: QRM)(NYSE MKT: QRM) is pleased to announce the completion of a Preliminary Economic Assessment ("PEA") based on Quest's revised and substantially-improved...
SeekingAlpha  Apr 9  Comment 
By The Gold Report: As China's rare earth production winds down, other sources worldwide could shape up to reward early investors. But there are different ways to play this [slowly] growing market. Zachary Schumacher, international market analyst...
DailyFinance  Apr 8  Comment 
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/08/14 -- Tasman Metals Ltd. ("Tasman" or the "Company") (TSX VENTURE:TSM)(FRANKFURT:T61)(NYSE MKT:TAS). Mr. Mark Saxon, President and CEO, is pleased to announce the commencement of a...
Jutia Group  Apr 8  Comment 
The Mining Report: Zachary, it's good to have you with us. Many rare earth element (REE) projects are uneconomic at current REE prices. Please give us your "state of the sector" address. Zachary Schumacher: There are a lot of challenges in the...
Resource Investor  Apr 4  Comment 
China will seek to strengthen its control of rare earths exports, even after the World Trade Organization ruled against its curbs.
The Economic Times  Apr 4  Comment 
China shares closed higher buoyed by strong financials and a surge in rare earths, as investors speculated in growth in the sector.
Resource Investor  Apr 2  Comment 
Gold and silver may continue to make gains, but uranium, potash and rare earths are the true wave of the future.
Resource Investor  Apr 1  Comment 
The electric vehicle maker plans to use only raw materials sourced in North America for a $5 billion U.S. battery factory.




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For more information on China's dominance of the global rare earth market, click here. Rare earth metals are a group of 17 elements with similar chemical structures with distinct properties. They are used in a wide range of electronic items and in fluorescent bulbs. Hybrid vehicles also use various rare earth metals. The growing demand from these industries is boosting the market for rare earth metals.

According to Transparency Market Research Report "Rare Earth Metals Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012-2018" (http://www.transparencymarketresearch.com/rare-earths.html) The global demand for rare earths was estimated to be over 140 kilo tons in 2010 and is expected to grow at a CAGR ranging from 10% to 10.5% from 2012 to 2018. The mechanical and metallurgical industry is the leading consumer of rare earth metals and accounts for approximately 32% of the total rare earth metals consumed in various markets. The mechanical and metallurgical industry is followed by glass and ceramics, chemical, energy and electronics, optics, and optoelectronics industries. Energy is expected to be the fastest growing segment for rare earths at a CAGR of over 17% from 2012 to 2018.

The market is primarily driven by the technological advancements in electronics and automobile industries which influence the usage of rare earth metals. However, the growing concerns regarding the impact of production, refining and recycling of rare earth metals on the environment are expected to hinder the market.

China is the leading supplier of rare earth metals and accounts for approximately 95% of the global production. In 2010, the Chinese government restricted the export of rare earth metals to 40% in order to gain the price advantage as the global prices surged to a record level following this announcement from the Chinese government. However, this gave other producers around the globe a chance to boost their production. In the twentieth century, U.S., India, Brazil, and South Africa were among the top producers of rare earth metals until China, in 1980, decided to heavily increase its production and became the leading producer of rare earth metals.

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