WA Business News  Feb 4  Comment 
Local explorer Northern Minerals plans to build a test pilot plant at its Browns Range project near Halls Creek at a cost of about $US18 million ($A25 million), rather than proceeding with full-scale development in light of the depressed rare...
The Australian  Jan 26  Comment 
Rare earths miner Lynas is striking more deals with customers hoping to hedge against another metals crisis.
Reuters  Jan 8  Comment 
Rare earths producer Molycorp reached agreements with its junior creditors on Friday that clear the way for the bankrupt company to accept bids for the company and...
The Australian  Nov 26  Comment 
Rare earths miner Lynas says it doesn’t know why the company’s shares have rallied 50pc over the last five days.
WA Business News  Nov 18  Comment 
Arafura Resources has reduced the cost of developing its Nolans rare earths project in the Northern Territory by a further $299 million, with the value of the project now standing at about $1.19 billion.
WA Business News  Nov 9  Comment 
Northern Minerals is cutting salaries and reducing its head count to reduce costs as it seeks to complete the next stage of funding for its Browns Range rare earth project near Halls Creek.
CNBC  Oct 14  Comment 
Lynas blamed illegal Chinese miners for the oversupply of rare earths which has driven prices down to historic lows.
The Australian  Oct 13  Comment 
Rare earths miner Lynas has logged positive free cashflow for the third straight quarter, despite difficult conditions.




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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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