Russia, with as much as a third of the world's rare earth deposits, will take at least a decade to develop them and step into the breach that has been created since China chopped supply of the metals to the rest of the world
China said Monday it has launched an inter-provincial operation to better regulate the production of light rare earth metals in its latest effort to rein in illegal rare earth exploration.
HHitachi Metals Ltd. called off a joint venture with rare earth mineral company Molycorp Inc. over a disagreement about what type of magnet should be made.
Australian rare earth development projects are changing the mission. The projects are to develop alternative sources to China, which represents 90% of world