Greenland Takes Important Step Towards Rare Earths Mining
It wasn’t a front-page story but in the mining industry, the news was huge. Greenland’s 31-member parliament recently voted to remove the ban on the mining of radioactive materials such as uranium and thorium in response to a legislative amendment made in September.
Frontier CEO Believes Supply Deficit is Near
Recently, Frontier Rare Earths CEO James Kenny was interviewed about the state of the rare earths market for miningweekly.com. Here are some of the highlights from that interview.
WTO Expected to Rule Against China’s Rare Earths Quotas
The U.S., Europe, and Japan might have scored a symbolic victory late last month when reports surfaced that the World Trade Organization is likely to rule against China’s export restriction on rare earth metals.
Russia to Invest One Billion Into Rare Earths
It’s no secret that China controls at least 90 percent of the rare earths market but that isn’t because it holds the bulk of the reserves. In fact, only about 30 to 35 percent of the reserves reside in the country. Countries all over the world hold natural deposits of rare earths and as demand grows and manufacturers grow increasingly tired of China having such large control over reserves, countries and companies are working with new resolve to put together infrastructure to mine those reserves.
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