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Liononthehunt Post time: 2019-5-14 12:36
China's tariffs hit the US farmers, and Trump tariffs hit the US consumers, a double whammy to Uncle ...
The US leaves rare earths, critical minerals off China tariff list after uncle Sam was asked by his own people if he's on Americas or China's side...
China accounted for seven out of every 10 tonnes of rare earth elements mined worldwide last year and was the biggest exporter to America...
Rare earth materials are a group of 17 elements on the periodic table: cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y)...
Rare earths are actually more plentiful in the earth’s crust than precious metals such as gold and platinum, but they are “rare” because they usually exist in nature as compounds fused with other metals. Refining and extracting them in commercially viable quantities are expensive endeavours, especially in jurisdictions with strict environmental and effluent standards. That makes them scarce, and therefore rare...
Rare earth deposits exist in China, California, Australia, Brazil, Burundi, India, Malaysia, Myanmar, Russia, Thailand and Vietnam, with global deposit reserves estimated at 120 million tonnes...
The US was the world’s largest producer of rare earths for decades, until the 1980s...
Raytheon’s Patriot Missile air defence system uses radio frequency circulators to magnetically control the flow of electronic signals in radar and missiles. The rare earths used are gadolinium, samarium and yttrium...
The Mountain Pass mine in California is the only US producer of rare earths. It closed in 2015 after its operator went bankrupt...
It resumed production last year and ships its production to China for refining...
China also is, by far, the largest exporter to the US, the source of 59 per cent of the US$155 million in rare earths that America imported last year, according to the US International Trade Commission’s data.
The only operating mine in the US sends all of its raw material to China to be refined into higher valuable, usable forms...
This article appeared in the South China Morning Post print edition as: Rare earths may become next trade war battlefront.
Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located
The Malaysian Government has hinted that the permit renewal is conditional on the radioactive residue being removed from the Mt Weld concentrate before it is shipped to Malaysia.
Lynas' Malaysian operating licence is up for renewal in September, but new, tougher conditions recently imposed by the Southeast Asian country to the miner triggered worries about potentially losing its licence to operate.
The Malaysian Government has hinted that the permit renewal is conditional on the radioactive residue being removed from the Mt Weld concentrate before it is shipped to Malaysia...