Hints and tips:
...From a distance, the cream coloured pipes and rusty conveyor belts of the old Molycorp Minerals rare earths mine could become lost in the desert backdrop....
...Concern among US businesses and politicians has given an increased sense of urgency to Molycorp Minerals, a Colorado-based mining company, to ready its rare earth mine in Mountain Pass, California, for full...
...Elsewhere, China’s Minmetals Resources launched a C$6.3bn hostile bid for Equinox Minerals , sending US shares in the Toronto-based miner up 30.1 per cent to $7.76....
...Elsewhere, China’s Minmetals Resources launched a C$6.3bn bid for Equinox Minerals . Molycorp was up 13.4 per cent to $67.19 over the week while Equinox Minerals gained 35.8 per cent to $8.05....
...China will cut rare earth exports next year, a move that heightens global concerns over the country’s near-monopoly on production of the minerals....
...The minerals, which are increasingly used in technological devices, are in tight supply and the world is dependent on China, which makes up 97 per cent of production....
...Molycorp has soared 26.8 per cent in the past five days with rival Rare Element Resources rocketing 68.9 per cent over the week....
...The mine described by the head of the Denver-based Molycorp Minerals contains deposits featuring some of the more esoteric reaches of the periodic table....
International Edition