On the surface, it looks like China is finally admitting defeat. Quietly, on December 31, China’s Ministry of Commerce and the General Administration of Customs announced that export quotas for rare earth elements, tungsten and molybdenum were now cancelled. (more…)
Magnets are nothing new but this old favorite is finding new uses in modern technologies.
It doesn’t matter how old or young you are, magnets are a part of your life. Your children might use magnetic numbers and letters to make words or maybe you celebrate their accomplishments by posting their A+ school work on the fridge with magnets. (more…)
According to multiple reports, Japan and India will ink a deal to send 2,300 tons of Indian rare earths to Japan annually as the country looks to reduce its reliance on China for its rare earths supplies.
Shinzo Abe, Prime Minister of Japan and his Indian counterpart Narendra Modi will sign the agreement at a summit meeting in Tokyo in early September that also includes nuclear agreements, a commitment towards “peaceful development” and a series of loans that Japan will […]
For the hundreds of companies mining rare earths in China, big changes are on the way. The Chinese government recently announced approval of two large rare earths mining conglomerates to be formed by the end of the year.
Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. was approved to integrate the mining companies in the northern regions. It will establish the company, China North Rare Earth High Tech Co Ltd., including all three key operations in the rare earth supply chain—mining, […]
Twelve Chinese companies are fighting back against what they believe is an illegal stranglehold on certain rare earth magnets used in everything from Apple’s iPhone to Toyota’s electric cars.
The controversy involves Japanese company, Hitachi, the company that owned 600 patents for neodymium iron boron magnets. Neodymium iron boron accounts for about half of all rare earths consumption. The company’s total patent portfolio is said to include more than 1,000 patents in the United States, China, and Japan.
In 2012, Hitachi […]