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Mkango Resources Ltd. (TSX VENTURE:MKA) (the “Corporation” or “Mkango”), a mineral exploration company focused on the Songwe Hill Rare Earths Project in the Republic of
Jon Hykawy of stormcrow Capital shares his thoughts on rare earths in 2015 and the rare earth market outlook for 2016. Part one of a two part series.
Avalon Rare Metals Inc. (TSX:AVL,NYSEMKT:AVL) released a report on the progress it’s made at its Northwest Territories-based Nechalacho rare earth elements project, noting that an updated feasibility study is being prepared.
But experts say a gradual increase in demand by major consuming nations like Japan could give prices a lift.
CNBC News reported that Peter Cashin, CEO of Quest Rare Minerals (TSXV:QRM), says rare earth demand supports development outside of China and a possible end to the country’s dominance in the rare earth sector.
In light of China’s limitation on rare earth exports, companies such as Toyota are doing everything within their power to decrease their reliance on rare earth elements.
Bloomberg reported that Molycorp (NYSE:MCP) posted profits that beat analyst estimates as rare earth demand increased due to lower prices.
Mining Weekly reported that Industrial Minerals Company of Australia director Dudley Kingsworth sees a surge in rare earth demand over the next four years.
Mineweb reported that Molycorp’s (NYSE:MCP) Phoenix project will ramp up three months sooner so it can meet exploding rare earth demand.