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Fri, Jan. 22, 11:12 AM
- Rare Element (REE -24.7%) says it is suspending all permitting and licensing efforts, including the environmental impact statement process, in an effort to conserve cash.
- Earlier this week, REE had received the draft environmental impact statement from the U.S. Forest Service for its Bear Lodge rare earth project, which it called "a key milestone."
- The company now says "with the draft EIS now completed, we are at a good point to pause until we can fully financially support our go-forward permitting efforts."
Nov. 6, 2015, 7:40 AM
- Rare Element Resources (NYSEMKT:REE): Q3 EPS of -$0.05.
Aug. 7, 2015, 7:38 AM
- Rare Element Resources (NYSEMKT:REE): Q2 EPS of -$0.04
May 11, 2015, 7:41 AM
- Rare Element Resources (NYSEMKT:REE): Q1 EPS of -$0.05 vs. -$0.09 in 1Q14
- Cash & equivalents of $7.5M
Apr. 24, 2015, 12:47 PM
- China’s decision to scrap export quotas and taxes on rare earth elements may boost stalled demand for the products, Lynas (OTCPK:LYSCF, OTCQX:LYSDY) CEO Amanda Lacaze tells Bloomberg.
- Users have been drawing down on stockpiles while awaiting clarity over China’s policy on the export of the elements, Lacaze says.
- China, which produces ~85% of global supply, announced yesterday it will remove export tariffs on rare earths beginning May 1.
- Lynas, which said March was the first month in the company’s history in which it was cash flow positive, is seeking to restructure its debt before September, the CEO says.
- Relevant tickers: MCP, REE, AVL, GSM, GMO, OSN, REMX
Apr. 23, 2015, 5:47 AM
- China will scrap export duties on rare earths and some metal products.
- Export duties will be removed on a wide variety of metal products, including those on rare earths, molybdenum, tungsten and some aluminum products, effective May 1.
- Beijing is attempting to boost exports, which fell 15% year-over-year in March.
- Currently, China levies export duties between 15% and 20% on rare earths products while molybdenum products carry export duties of 5% to 20%.
- Stocks: MCP, REE, AVL, GSM, GMO, OSN, REMX
Mar. 23, 2015, 8:42 AM
- Molycorp (NYSE:MCP) +22.2% premarket after 60 Minutes aired a report last night on the importance of rare earth elements.
- The basis of the report is that modern U.S. life - from smartphones to cars to defense missiles - depends on rare earth elements, but that China dominates the industry
- Investors may be hoping the telecast sparks renewed interest in legislation in Congress calling for subsidies for the U.S. rare earths industry.
- Also on watch: REE, AVL, GSM, GMO, OSN, REMX
Mar. 12, 2015, 5:03 PM
- Rare Element Resources (NYSEMKT:REE): Q4 EPS of -$0.06
Jan. 5, 2015, 8:15 AM
- China has dropped its decade-old quotas limiting exports of rare earths, as it moves to comply with a WTO ruling last year that the country's tariff and quota system was discriminatory and gave unfair advantage to domestic consumers.
- Under the new guidelines, rare earths will require an export license but the amount that can be sold abroad will no longer be covered by a quota.
- China has ~30% of global deposits of rare earths but accounts for more than 90% of production.
- Related stocks include MCP, REE, AVL, GSM.
Nov. 10, 2014, 8:00 AM
- Rare Element Resources (NYSEMKT:REE): Q3 EPS of -$0.08
Aug. 18, 2014, 12:46 PM
Mar. 26, 2014, 3:38 PM
- Analysts say rare earth elements will continue to fall this year after China loses a trade dispute over its export controls, as new mines boost output and while demand in high tech products disappoints.
- A price war could break out after the U.S., EU and Japan won their case over export restrictions they said gave Chinese companies an unfair competitive edge in key sectors, says Ryan Castilloux of Adamas Intelligence; China's "only tangible defense becomes competing head-to-head on price with emerging global producers."
- Investors already are concerned about excess supply as Molycorp (MCP -3%) and Lynas (LYSCF -12.5%) boost output at their new mines; MCP aims to boost output to 20K metric tons/year after producing ~1K metric tons in Q4 2013.
- Also: REE -0.6%, AVL -2.4%, GMO -3.7%.
Mar. 26, 2014, 12:15 PM
- A World Trade Organization dispute settlement panel agrees with the U.S. in a major dispute, finding in favor of U.S. claims that China’s imposition of export restraints on rare earths, tungsten and molybdenum breach WTO rules.
- China, which produces more than 90% of the world's rare earth elements, imposed strict rare earth export quotas in 2010, saying it was trying to curtail pollution and preserve resources; prices soared by hundreds of percent, and the U.S., EU and Japan complained that the restrictions gave Chinese companies an unfair competitive edge.
- Rare earth miners include Rare Element Resources (REE) and Molycorp (MCP).
Mar. 17, 2014, 7:38 AM
- Rare Element Resources (REE): Q4 EPS of -$0.12 beats by $0.34.
Jan. 3, 2014, 9:12 AM
Dec. 27, 2013, 2:13 PM
- Rare earth miners Rare Element Resources (REE +12.9%), Avalon Rare Metals (AVL +3.7%), and Quest Rare Minerals (QRM +11.7%) have joined Molycorp (previous) in rallying sharply. Equity markets have doled out plenty of punishment to the group this year.
- SA contributor Hawkinvest has provided a bullish write-up on Molycorp, arguing a short-covering rally could take place in early 2014.
- The Rare Earth/Strategic Metals ETF (REMX +0.7%) remains down 32% YTD.
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