DIRS.INFO The most relevant business & tech news

China is dominant in magnets and the rare earth metals they are made from. Magnet makers are also drawn to Vietnam by low labour costs and market access afforded by multiple free-trade deals. It said it sources most of its rare earths from China but is seeking alternative sources in Vietnam and Australia and plans to develop a processing facility in Vietnam. A similar request from clients prompted another Chinese magnet maker, Magsound, to decide to open a factory in Vietnam in the first half of next year, the two people said. In April, Australia's Strategic Materials (ASM.AX) signed a deal with a Vietnamese refiner that committed to supplying rare earths for export to South Korea.

Persons: David Merriman, China's Luxshare, Taiwan's Foxconn, Magsound, Japan's Shin, Obayashi, Francesco Guarascio, Khanh Vu, Mai Nguyen, Christopher Cushing Organizations: Apple, Sino, Korea's Star, Industrial, SGI, U.S . Department of Energy, South, Reuters, VinFast, Hyundai, China's, Luxshare, Thomson Locations: China, HANOI, SEOUL, Vietnam, U.S, South Korea, Washington, Beijing, Australia, Hanoi

REUTERS/Steve Marcus/File photoAug 2 (Reuters) - Refining rare earths for the green energy transition is hard. "The (rare earths) commissioning process is painstaking, with stops and starts," Jim Litinsky, MP's CEO and largest shareholder, told investors in May. Rare earths magnets turn power into motion and are the essential components in an electric vehicle's motor. Rare earths refining "is not really being addressed even by those who are developing magnet capacity," said Ryan Castilloux, a minerals consultant at Adamas Intelligence. American Rare Earths is working with U.S. government scientists at the Lawrence Livermore Laboratory to develop bacteria that could process rare earths.

Persons: Steve Marcus, Lockheed Martin's, Lynas, Jim Litinsky, Kray Luxbacker, they've, Allan Walton, Ryan Castilloux, Castilloux, refines, Dysprosium, Tesla, Melissa Sanderson, Nathan Picarsic, Ernest Scheyder, Eric Onstad, Nick Carey, Melanie Burton, Veronica Brown, Susan Heavey Organizations: REUTERS, Lockheed, International Energy Agency, General Motors, University of, University of Birmingham, Adamas Intelligence, Trump, Reuters, Pentagon, Blue, Benchmark Mineral Intelligence, Edge, Sweden's, U.S, Lawrence Livermore Laboratory, Horizon Advisory, Thomson Locations: Pass , California, U.S, China, Apple's, Beijing, Texas, Western Australia, COVID, California, Myanmar, Vietnam, Malaysia, Australia, Kuala Lumpur, United States, San Antonio , Texas, Sweden, South Africa, Karr

☆ Explainer-China's rare earths dominance in focus after mineral export curbs
▼ + stars: | 2023-07-05 | by ( Mai Nguyen | ) www.reuters.com time to read: +5 min

WHAT ARE RARE EARTHS AND HOW ARE THEY USED? The chemical properties of rare earths make them difficult to separate from surrounding materials, and processing generates toxic waste. Lax environmental standards enabled China to build its dominance in rare earths in recent decades as Western producers left the industry. Western countries have ramped up support to boost domestic production of critical minerals including rare earths. Electric vehicle maker Tesla is moving away from rare earths in future models to mitigate environmental and supply risks, as the rare earth industry struggles to meet demand.

Persons: Florence, Lynas Organizations: Reuters, REUTERS, United States Geological Survey, Adamas Intelligence, United, RARE, European Union, World Trade Organization Locations: China, Japan, Beijing, CHINA, United States, Australia, Myanmar, Thailand, Vietnam, Russia, Brazil, India, Canada, Las Vegas, California

☆ China's rare earths dominance in focus after it limits germanium and gallium exports
▼ + stars: | 2023-07-05 | by ( Mai Nguyen | Thomson Reuters | Mai Reports On The Nonferrous Metals Markets In Asia. She Writes About Daily Price Movers | ) www.reuters.com time to read: +5 min

Exports: Chinese exports of rare earths have declined. Beijing then curbed global exports of rare earths, saying it was trying to curtail pollution and preserve resources. The chemical properties of rare earths make them difficult to separate from surrounding materials, and processing generates toxic waste. Western countries have ramped up support to boost domestic production of critical minerals including rare earths. Electric vehicle maker Tesla (TSLA.O) is moving away from rare earths in future models to mitigate environmental and supply risks, as the rare earth industry struggles to meet demand.

Persons: Lynas, Mai Nguyen, Melanie Burton, Dominique Patton, Tony Munroe, Barbara Lewis Organizations: United States Geological Survey, Adamas Intelligence, United, RARE, European Union, World Trade Organization, Thomson Locations: China, Japan, Beijing, CHINA, United States, Australia, Myanmar, Thailand, Vietnam, Russia, Brazil, India, Canada, Las Vegas, California, Hanoi, Melbourne

LONDON, April 27 (Reuters) - The nickel market is facing a massive supply glut this year as surging Indonesian production continues to outpace global demand. The INSG expects only "mild growth" in the stainless sector this year. Taking up the slack from a weak stainless sector is demand for nickel from the electric vehicle (EV) battery sector. This changes the nature of this particular nickel surplus. LME stocks of Class I nickel continue to slide even as surplus builds in other parts of the supply chain.

☆ The U.S. Wants a Rare-Earths Supply Chain. Here’s Why It Won’t Come Easily.
▼ + stars: | 2023-04-25 | by ( Yusuf Khan | ) www.wsj.com time to read: +10 min

MP Materials efforts to build a local supply chain demonstrate the challenge for American producers. Challenging China’s dominanceWhile the 60% might not sound that concentrated, the dependence on China is even more pronounced further down the supply chain. James Litinsky, CEO of MP Materials, stands in front of the Mountain Pass mine in 2018. But if you miss one step then you do not have a supply chain that’s secure,” Mr. Litinsky said. Defense Metals’ Ms. Moreno said that little knowledge exists outside of China in building the whole supply chain.

Iluka Resources/Handout viaApril 4 (Reuters) - Six projects outside China, which dominates global rare earth production, plan to extract the critical minerals from waste or byproducts. The projects will produce rare earths that are needed to fuel a green revolution of electric cars and wind turbines while trying to avert the shortages expected in coming years. Below are details of the companies and their projects, in order of output of neodymium and praseodymium (NdPr) oxide, the rare earths most in demand. ENERGY FUELS INC (UUUU.A)The main business of U.S. Energy Fuels is producing uranium, but it has moved into rare earths. VHM LTD (VHM.AX)Australia's VHM Ltd is working on the Goschen mineral sands project, which will also produce rare earths.

Europe and the U.S. are scrambling to wean themselves off rare earths from China, which account for 90% of global refined output. Australia's RMIT University estimates there are 16.2 million tonnes of unexploited rare earths in 325 mineral sands deposits worldwide, while the U.S. Idaho National Laboratory said 100,000 tonnes of rare earths each year end up in waste from producing phosphoric acid alone. That, Adamas says, is equivalent to some 8% of expected demand for the two rare earths, vital for making permanent magnets to power EV and wind turbine motors. Reuters GraphicsReuters GraphicsQUICKER THAN NEW MINESRecovering rare earths from waste is much quicker than setting up new projects from scratch. The company will extract phosphorus for fertiliser, fluorine and gypsum in addition to rare earths.

[1/3] Samples of rare earth minerals from left: Cerium oxide, Bastnaesite, Neodymium oxide and Lanthanum carbonate at Molycorp's Mountain Pass Rare Earth facility in Mountain Pass, California June 29, 2015. Australia's Lynas Rare Earths Ltd. (LYC.AX) slumped 6.8% on the news and has fallen further since. It hasn't helped the price of rare earths either, accentuating a sharp slide that began in February. Shanghai Metal Market rare earth assessmentsRARE EARTHS ROLLER-COASTERRare earths have been on a price roller-coaster over the last three years. There is also the lingering threat that China could weaponise its rare earths supply if relations with the West deteriorate.

From spodumene ore through lithium carbonate to lithium hydroxide, prices have more than doubled again this year after an explosive rally in 2021. Even Goldman Sachs, which outraged lithium bulls with a bearish market call in May, now thinks global supply will fall 84,000 tonnes short of demand this year. New EVs rolling off the automotive production line are the end of the lithium supply chain, but the chain itself is also expanding fast. All of them need raw materials, so their collective stock-building accentuates the rising EV demand curve. Moreover, much of lithium's supply growth is coming from new sources such as China's lepidolite deposits which come with their own new disruption potential.

Search resuls for: "Adamas Intelligence"

10 mentions found