As the green energy movement continues to grow globally, researchers are becoming concerned about the available supply of rare earth metals used in everything from advanced batteries to wind turbines and catalytic converters.
Between the latest rare earth news and lingering dismay over shifting trade balances, China is at the center of every trader’s world right now. We talked about it today on Trading the Globe.
China’s failed appeal to the World Trade Organization (WTO) surrounding its rare earth export policies has renewed pressure on the Ministry of Commerce to open up this strategic class of commodities to global consumers.
Traders got excited about Vale last week when they learned that the Brazilian mining giant has found relatively high-grade rare earth deposits on its land. But beyond the buzz, what does this mean for the company?
China, its growing middle class, and a total potential of 1.2 billion new customers remains a strong draw for Western companies seeking to expand into new markets.
Rare earth metals plays have been on the run since last week’s discovery of potentially massive undersea deposits of these key industrial materials, but today’s news from China may provide support.
Aluminum Corporation of China, more simply known as Chalco, is diversifying away from the heavily cyclic aluminum market to add rare earth mineral processing to its business footprint.
ACH (quote)’s state-owned corporate parent is building a $1.5 billion rare earth production center in China’s Jiangxi province.
The project will work with local interests including Jiangxi Rare Earth/Rare Metals Tungsten to roll up otherwise scattered rare earth properties in the region and may even include a dedicated smelter.
Rare earth elements, used in a variety of high-tech military and energy contexts, have become politically controversial recently due to China’s apparent decision to suspend supply to Japan in the recent diplomatic incident between the two countries.
China controls most rare earth exports, although several countries retain undeveloped resources.