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NDRP's nod to rare earths |
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Rare Earth Business
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Monday, 26 March 2012 20:46 |
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President Obama signed a controversial Executive Order into effect on 16-March that could have an impact on western rare earth suppliers. Criticized for its scope and lack of oversight, the NDRP (National Defense Resources Preparedness) executive order, authorizes the National Security Council and Homeland Security Council to serve as the integrated policy-making forum. The Internet is churning with postings about the executive order's constitutionality, though some bloggers interpret it as a clarification of current laws.
Section 306, the relevant part pertaining to critical materials that would include rare earths, states, "The Secretary of Defense, and the Secretary of the Interior in consultation with the Secretary of Defense as the National Defense Stockpile Manager, are each delegated the authority of the President ... to encourage the exploration, development, and mining of strategic and critical materials and other materials." The full order is here. |
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Dacha announces rare earth inventory value |
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Rare Earth Business
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Monday, 30 May 2011 13:56 |
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Beyond news about junior exploration companies, other firms in the rare earth supply chain are starting to create news. On 30-May 2011, Dacha Strategic Metals reported the value of its inventory as CAD $0.94 per share as of May 27, 2011. Closing price of the company on the TSX while U.S. exchanges were closed for Memorial Day was CAD $0.61/share. The company reported an increase of 37% inventory value in the last month. Of particular and wider interest, Dacha reported current USD spot prices per kilogram held in South Korea as:
- Dysprosium Oxide $969
- Dysprosium Fe Santoku $960
- Gadolinium Oxide $185
- Lutetium Oxide $1,000
- Neodymium Oxide $257
- Terbium Oxide $1,695
- Yttrium Oxide $160
Dacha Strategic Metals Inc. is focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. |
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Molycorp plans to expand production |
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Rare Earth Business
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Tuesday, 25 January 2011 13:36 |
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Molycorp announced Monday that the company's Board of Directors approved an expansion plan, expected to give the company the ability to produce about 40,000 metric tons of rare earth oxide (REO) per year at its Mountain Pass facility by the end of 2013. This represents an approximate doubling of the original expected production capacity.
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Yttrium innovations to increase demand |
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Rare Earth Business
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Sunday, 24 April 2011 10:10 |
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Yet another new use for magical rare earth elements is on the way. Automakers may soon replace 150-year old spark plugs with laser igniters based on rare earth element yttrium. While rare earth elements are used for electric and hybrid vehicles, it will take some time to replace fossil fuel transportation power with electric or hydrogen-based alternatives. This new igniter technology promises cleaner, more efficient, and more economical combustion vehicles, including use in hybrids.
Researchers from Japan will describe the first multi-beam laser system small enough to screw into an engine’s cylinder head at this May’s Conference on Lasers and Electro Optics in Baltimore. The laser system can be produced at low cost, according to one of the authors. The team built its laser from rare earth yttrium with aluminum-gallium segments, one doped with rare earth neodymium, the other with chromium. They bonded the two sections together to form a powerful laser that ignites fuel in the combustion chamber more efficiently.
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