Developing a world-class rare earth deposit in South Africa
Developing a world-class rare earth deposit in South Africa
Developing a world-class rare earth deposit in South Africa
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Recent Rare Earth Market Developments<br />
Ch<strong>in</strong>ese policy changes cont<strong>in</strong>ue to dom<strong>in</strong>ate the landscape<br />
Government controlled <strong>rare</strong> <strong>earth</strong> pric<strong>in</strong>g mechanism <strong>in</strong>troduced and <strong>in</strong>dustry consolidation<br />
be<strong>in</strong>g pursued<br />
Clampdown on illegal m<strong>in</strong><strong>in</strong>g (estimated 280 illegal m<strong>in</strong>es closed) and stricter<br />
environmental controls now <strong>in</strong> force<br />
Further significant reductions <strong>in</strong> export quotas announced 28 December 2010 (-35% H1<br />
2011 vs. H1 2010). Changes to quota system anticipated <strong>in</strong>troduc<strong>in</strong>g quotas by element<br />
Significant <strong>in</strong>crease <strong>in</strong> REO prices <strong>in</strong> last 6 months, with cont<strong>in</strong>ued price growth forecast<br />
US government seek<strong>in</strong>g to re-establish domestic REE supply cha<strong>in</strong><br />
High level discussions cont<strong>in</strong>u<strong>in</strong>g between Western governments and Ch<strong>in</strong>a regard<strong>in</strong>g<br />
security of <strong>rare</strong> <strong>earth</strong> supply<br />
Ch<strong>in</strong>a confirms only 15-20 years reserves of Heavy and Medium REOs (Q4 2010)<br />
Plans by countries <strong>in</strong>clud<strong>in</strong>g Ch<strong>in</strong>a, Japan, <strong>South</strong> Korea announced and more recently<br />
US and EU, to stockpile <strong>rare</strong> <strong>earth</strong>s widely reported<br />
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