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Rare Earths MMI – End of Summer Rally: New U.S. Policy Moves and 40% Price Spikes
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MetalMiner
The Rare Earths MMI (Monthly Metals Index) moved sideways, but gained bullish momentum from the prior month, rising 2.15%.
Australia’s Lynas Raises Funds but Flags Texas Plant DoubtsAustralia’s Lynas Rare Earths, the largest non-Chinese rare earths producer, recently sounded the alarms over its planned heavy rare earths separation facility in Seadrift, Texas.
Credit: RHJMalaysia has also proactively banned the export of unprocessed rare earths to prevent the exploitation of its resources.
Backs Brazil’s Heavy Rare Earth Project, with a “Mine-to-Magnet” VisionIn a bid to cultivate new non-Chinese supply, the U.S. International Development Finance Corp just committed $5 million to Aclara Resources’ Carina rare earth project in Brazil.
That means relief in the form of new heavy rare earth supply is still a few years off.
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