London Commodity Markets: rare earth

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Delays hurt rare earth company Molycorp

Molycorp Inc. owner of the largest rare-earth deposit outside China, reported a wider-than-expected loss after the company missed a production target and prices for the commodities declined.

The fourth-quarter net loss was $359.6 million, or $2.91 a share, the Greenwood Village, Colorado-based company said yesterday in a statement after the close of trading. The company reported net income of $26.6 million or 26 cents a year earlier.

LCM Rare Earths Review - March 2013

Global Rare Earths Report - March 2013 by London Commodity Markets

Brought to you by +London Commodity Markets

Rare earth company cleared to drill for rare earth minerals in Idaho

U.S. Rare Earth's said Thursday that it will begin core sample drilling in the Sheep Creek area on Lemhi Pass in May. Rare earth minerals are key ingredients in advanced electronics like cellphones, wind turbines and hybrid car batteries. Of the 14 minerals in the category, nine are used in cellphones.

Call for more public consultation on Jamaica's rare earth elements pilot plant

The planned construction of a pilot plant to process rare earth minerals in one of the most sought after green areas of the capital city will go ahead despite opposition from environmental advocates who insist that there must be public consultation.

The Future Of AC Motors and Rare Earth Elements

Rare earth metals have invaded the 21st century and things will never be the same again. Most of modern day technology gadgets, tools, equipment and vehicles make used of rare earth metals in order to functions. Imagine the cell phones, laptops, tablets, TVs, wind turbines, solar cells and hybrid cars without rare earth metals, just simply not possible.