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China sets rare earth export quota for second half

Posted on July 3, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SHANGHAI —

China has announced its closely watched export quota for rare earth minerals in the second half of this year, bringing the full-year total to 31,001 tons.

China produces more than 95% of the world’s rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.

The Ministry of Commerce said China will allow exports of 15,500 tons of rare earths in the six months to December, according to a statement released late Monday.

http://www.japantoday.com/category/business/view/china-sets-rare-earth-export-quota-for-second-half-3

A brighter future for rare earth prices

Posted on June 28, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Even as new measures to consolidate the rare earth industry in China are on the cards, prices for the 17 elements have jumped 10% over the past two weeks.

http://www.miningaustralia.com.au/features/a-brighter-future-for-rare-earth-prices

More than 475 metric tons of Russian highly enriched uranium eliminated

Posted on June 27, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Deliveries are 95 percent complete, represents 19,000 nuclear warheads converted to civilian use

WASHINGTON, D.C.–The National Nuclear Security Administration on Monday announced it has monitored the elimination of more than 475 metric tons of Russian highly enriched uranium, or HEU, under a landmark nuclear nonproliferation program, commonly known as Megatons to Megawatts.

http://oakridgetoday.com/2013/06/26/more-than-475-metric-tons-of-russian-highly-enriched-uranium-eliminated/

Russia’s Norilsk sees 2014 nickel prices up 16% – IFX

Posted on June 26, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MOSCOW – Russia’s Norilsk Nickel, the world’s largest nickel and palladium maker, expects 2014 average nickel prices to rise 16% from current four-year lows, Interfax news agency reported on Tuesday, citing its first deputy CEO.

http://www.miningweekly.com/article/russias-norilsk-sees-2014-nickel-prices-up-16—ifx-2013-06-25

Rusal seeks Moscow listing after Hong Kong share price slump

Posted on June 24, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Russian tycoon Oleg Deripaska’s aluminium business, Rusal, plans to list its shares in Moscow, three years after its flotation on the Hong Kong market at nearly four times the current price.

http://www.reuters.com/article/2013/06/24/rusal-micex-idUSL5N0F01LY20130624

Metalloinvest Has No Plans To Make Offer To Norilsk Nickel Over Udokan-Report

Posted on June 20, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MOSCOW–Metalloinvest, one of Russia’s largest iron ore producers, has no plans to make an offer to Norilsk Nickel (GMKN.RS), the world’s largest producer of nickel and palladium, regarding its mutual participation in the development of the Udokan copper mine, Metalloinvest owner Alisher Usmanov told the Interfax news agency Thursday on the sidelines of the St. Petersburg International Economic Forum.

http://online.wsj.com/article/BT-CO-20130620-703819.html?mod=googlenews_wsj

Honda to Reuse Rare Earth Metal Extracted from Nickel-metal Hydride Batteries in Hybrid Vehicles for the Motors for Hybrid Vehicle Motors

Posted on June 19, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Tokyo, June 19, 2013 – (JCN Newswire) – Honda Motor Co., Ltd. agreed with TDK Corporation and Japan Metals & Chemicals Co., Ltd. (JMC) to jointly pursue the reuse of a rare earth metal extracted from nickel-metal hydride batteries in hybrid vehicles for magnets of new hybrid vehicle motors.

http://www.japancorp.net/press-release/26921/honda-to-reuse-rare-earth-metal-extracted-from-nickel-metal-hydride-batteries-in-hybrid-vehicles-for-the-motors-for-hybrid-vehicle-motors

NPI production trends will change materially if Indonesia and the Philippines tighten their restrictions on the export of nickel ore. Therefore China’s competitive advance in stainless steel, which is partially linked to NPI “may not be sustainable”

Posted on June 19, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

John Rowe, secretary-general of the International Stainless Steel Forum, told that NPI production trends will change materially if Indonesia and the Philippines tighten their restrictions on the export of nickel ore. Therefore China’s competitive advance in stainless steel, which is partially linked to NPI “may not be sustainable” he said.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/26030811

Chinese Mining Giant Eyes Rio Assets in Canada

Posted on June 18, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

In a sign that China hasn’t lost its appetite for iron ore assets despite an economic slowdown, state-controlled mining giant China Minmetals said it is considering a bid for Rio Tinto’s $4 billion Canadian iron-ore operations.

http://blogs.wsj.com/canadarealtime/2013/06/18/what-wsj-canada-is-reading-tuesday-11/

Vale Sees China Slowdown Blunted by Brazil Real Depreciation

Posted on June 17, 2013 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Vale SA (VALE5), Brazil’s largest exporter, said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto Group and BHP Billiton Ltd. (BHP)

http://www.businessweek.com/news/2013-06-16/vale-sees-china-slowdown-blunted-by-brazil-currency-depreciation