The Economic Times  Aug 2  Comment 
NMDC, which had earlier acquired a gold mine in Tanzania, is also mulling to set up a pilot gold refinery in the country.
WA Business News  Aug 2  Comment 
Rare earths hopeful Northern Minerals has attracted another Chinese investment group for a $30 million equity injection into its Browns Range project.
The Economic Times  Jul 19  Comment 
According to a study, such minerals will play a key role in nurturing domestic manufacturing to support govt's low-carbon plans, such as the 100GW solar power target, hybrid and electric vehicles and efficient lighting.
The Australian  Jul 17  Comment 
Rare earths miner Lynas has reported record quarterly sales as higher production offset continued low prices.
Japan Today  Jul 16  Comment 
Honda Motor Co has co-developed the world's first hybrid car motor without using heavy rare earth metals, which it says will reduce its dependence on the expensive materials mainly supplied by China. Hybrid vehicles combining a gasoline engine...
Forbes  Jul 13  Comment 
Recently, Honda Motors‘ announced that it became one of the first companies in the world to develop a motor for a hybrid vehicle without using any heavy rare earth metals and yet with high heat resistance properties and high magnetic...
Automotive World  Jul 12  Comment 
Daido Steel Co., Ltd. and Honda Motor Co., Ltd. became the world’s first companies to achieve practical application of a hot deformed neodymium magnet containing no heavy rare earth*1 and yet with high heat resistance properties and high...
Reuters  Jul 12  Comment 
Honda Motor Co Ltd on Tuesday said it has co-developed the world's first motor for hybrid cars that uses no heavy rare earth metals, a breakthrough that would reduce its dependence on the expensive materials, which are controlled mainly by China.
The Economic Times  Jun 14  Comment 
The govt is in the process of framing regulations for exploration and mining in offshore blocks, which contain minerals and rare earth elements.
The Australian  May 29  Comment 
Lenders to struggling rare earths miner Lynas have agreed to postpone looming payments until December.




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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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