Lynas touts its independence from China in push for rare earths growth
Lynas touts its independence from China in push for rare earths growth
The push comes as China threatens to curb exports to the United States of rare earths.— AFP File
09 June, 2019, 12:41
The Buy American recommendation, which would require defence weapons and related products be built with domestically-sourced rare earths, could make it easier to secure financing if investors knew there would be a guaranteed revenue source for new projects, prospective US rare earth miners said.
Add to that, numerous magnet plants outside China - the biggest are in Japan and Germany - are still reliant on China for their rare earth inputs. "There will be significant growth outside China so long as customers are confident in supply".
The country's tariff tactics might present an image of Fortress America battling its adversaries, but a new critical minerals strategy advocates greater co-operation between the US and its friends.
The Chinese Academy of International Trade and Economic Cooperation had stated that China is now the world leader in rare earth separation and purification.
According to Bloomberg, the Commerce Dept. report recommended a number of steps, including improving the government's understanding of domestic sources of rare earths and expediting approvals of mining permits.
Julie Klinger, Assistant Professor of International Relations at the Frederick S. Pardee School of Global Studies at Boston University, was interviewed for a recent article on whether China can prevent the export of rare earth elements to the United States.
Currently, China is by far the world's largest producer of rare-earth minerals, with a USGS report on China's rare earth industry indicating they produce over 95 percent of the worldwide output of rare-earth minerals. And yet, it isn't: the only U.S. producer, MP Materials, has been shipping all its output from the Mountain Pass mine in California to China because there is now no refining capacity available to handle its output anywhere else in the world, its biggest shareholder said.
"We welcome this report and hope that the Commerce Department's "Call to Action" results in some real action from Washington", said James Litinsky, co-chairman of MP Materials.
"If you put yourself in China's shoes, this is their main weapon in the trade war", said Mark Seddon, an Argus metals analyst.
Negotiations for supply to the DOD and the DLA gave Lynas the confidence to enter into a joint venture with Blue Line Corp to build in Texas the only separation plant for heavy rare earths outside of China, she said.
Texas Mineral Resources Corp is pushing to develop the Round Top rare earth deposit in a remote corner of the state's western edge, and Rare Element Resources Ltd is moving forward on a Wyoming project.
California's Mountain Pass mine is the only operating USA rare earths facility.
The report includes 61 specific recommendations - including low-interest loans and a buy American provision for defense companies - to increase U.S. rare earths supply.
The Belmont capped an entertaining Triple Crown highlighted by the disqualification of Maximum Security in the Kentucky Derby. Casse was also the trainer behind War of Will, the victor of the Preakness, and a runner-up amongst today's contenders.
With it, you can transcribe voice chat in the Second Screen app or enter text yourself and have that read to your party members. For now, it's only going to be available in the USA and in English, but we may see it expanded upon later down the road.
The kidnappers demanded a $500,000 ransom after sending photos of the victim to his family with a gun pointed to his head. Two Canadian women have been kidnapped in Ghana by unidentified gunmen in the country's second largest city, Kumasi.
Another driver who scored his first win in Canada is Daniel Ricciardo , when he triumphed for Red Bull in a dramatic 2014 race. My dad's someone who I think is the greatest man I know and someone I aspire to be a lot like.
The contest, scheduled for 7 p.m. central time kickoff at IG Field, is the first-ever game north of the border for the Raiders. The Oakland Raiders and Green Bay Packers will play a preseason game at IG Field in Winnipeg this August.
US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping at the G20 summit in Osaka on June 28-29. "The opening of these economies tends to lead, in my mind, to more growth on both sides", said Mnuchin.
For its TV-watching data, eMarketer's report focused on time spent on TVs that were not internet connected. Seventy percent of that mobile time will be spent on smartphones, or 2 hours and 33 minutes a day.
He began performing as a teenager and was a top session musician before embarking on a solo career with his 1968 album Gris-Gris. John's , " Right Place Wrong Time " encapsulates the groove, funk and all the right things of southern music in the 1970s.
The inquiry looked into the mysterious sabotage of the ships - two Saudi oil tankers, an Emirati ship and a Norwegian tanker. On Friday, the day after the United Nations report's claims, the Trump administration hit Iran with new sanctions.
The number of migrants detained or blocked at the border surged to 144,000 in May, triple the level a year earlier. In a series of tweets , Mr Trump said tariffs due to be implemented on Monday would be "suspended indefinitely".
That new addition is VOLTA Football, which looks immediately familiar to fans of EA's past Street titles. To help you out, tackling will be more effective if you use the appropriate tackle in the right context.
Mexico talks: Agreement to avoid tariffs reached, says Trump
Mexico's newly created National Guard will take the lead in the enforcement effort, according to reports in Mexican media. It comes at the end of three days of negotiations, which saw Washington demand a crackdown on Central American migrants.
Meghan Markle makes First Post-Baby Royal Appearance
While she was positioned prominently for the procession, it was a different story when it came to the Buckingham Palace line-up. They then joined four generations of royals to watch the traditional RAF flypast from the balcony at Buckingham Palace .
Sophie Turner slaps Conan O'Brien while playing Tequila Slaps
Turner has been open about leaning on her hubby throughout her mental health struggles and how much his love has meant to her. It's Kit! And it's not Emilia , Emilia wears a corset, too. "I wear a corset so I either piss myself or I throw up".
England vs Bangladesh: Head to head
Before getting out in the 35th over, Roy ended up scoring 153 (121) with the help of 14 fours and five sixes. Pakistan went on to win that game, putting pressure on the tournament hosts heading to the Welsh capital.
Massive ladybug swarm moving through SoCal
Lady beetles typically migrate down from the Sierra Nevada in early spring into the valleys in order to eat aphids and mate. The state is actually known for its hearty ladybug population, and June tends to be a good time to see them in action.