- Russia plans to invest $1B in rare earths (REMX) production by 2018 in a bid to become less dependent on China, which controls more than 90% of global supply.
- A Russian joint venture has won the right to acquire ~82,600 metric tons of monazite concentrate stored in warehouses in the Russian Urals; the stock is rich in valuable heavy rare earths such as dysprosium and terbium, crucial for high-power magnets needed by the auto, defense and clean energy industries.
Russia to invest $1B in rare earths to cut dependence on China
From other sites
at CNBC.com (Jun 27, 2014)
at MarketWatch.com (Nov 15, 2011)
at MarketWatch.com (Aug 5, 2011)
at CNBC.com (Jan 4, 2011)
at CNBC.com (Dec 29, 2010)
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