RARE EARTH INDUSTRY

China puts six-month limit on ease of rare-earth export licenses

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Original article by Lingling Wei, Brian Schwartz
The Australian – Page: Online : 12-Jun-25

Sources have indicated that the Chinese government has agreed to start approving rare-earth license applications for US companies immediately, as part of a proposed trade deal between the two nations. However, China is said to be planning to initially restrict rare earths export licences to just six months, which would give the nation leverage if renewed trade tensions emerge. These export licences are also said to primarily cover rare earths elements that are used in the manufacturing of electric vehicles, wind turbines, consumer electronics and military equipment. Meanwhile, US President Donald Trump has indicated that tariffs will stay at the levels that were agreed to during the recent negotiations in Geneva.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

West highly vulnerable to China on critical minerals

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Original article by Cameron England
The Australian – Page: 18 : 31-Jul-24

A new report notes that while rare earth elements are crucial to the global energy transition, countries such as Australia are vulnerable due to their reliance on China for critical minerals. The report from the Henry Jackson Society, Freshwater Strategy and the Centre for Resilient Society notes that China’s willingness to ignore the environmental harms associated with the production of rare earth elements has contributed to the nation’s domination of global supply. They warn that this reliance on China means that Australia and its Five Eyes partners risk running out of critical minerals in the event of a price spike or armed conflict.

CORPORATES
HENRY JACKSON SOCIETY, FRESHWATER STRATEGY, CENTRE FOR RESILIENT SOCIETY

Forrest’s Fortescue joins rare earth race

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Original article by Nick Evans
The Australian – Page: 16 : 23-Nov-22

Fortescue Metals Group’s executive chairman Andrew Forrest has told its AGM that the company aims to expand into critical minerals. He said Fortescue has "kicked off a global stream of work" in South America aimed at securing access to critical minerals such as rare earths. He added that rare earths will be critical to Fortescue Future Industries’ projects in manufacturing, renewables and hydrogen. Forrest also said that Fortescue is close to gaining a preliminary mining licence for the Belinga iron ore project in Gabon, and that it plans to commence drilling early in 2023.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, FORTESCUE FUTURE INDUSTRIES PTY LTD

US review boosts Australian minerals

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Original article by Matthew Cranston, Jacob Greber
The Australian Financial Review – Page: 10 : 10-Jun-21

The Biden administration has released the findings of its review of the nation’s critical mineral supply chain vulnerabilities. Amongst other things, the report has called for the US to source more critical minerals such as rare earths from its key allies and partners in order to reduce its reliance in imports from China. The report noted that the US will still be highly dependent on China for the processing of critical minerals, given that the nation has limited onshore processing and refining capacity. Meanwhile, Prime Minister Scott Morrison says Australia has a "responsibility" to expand its endowment of critical minerals.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Joint strategy with US on rare earths

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Original article by Geoff Chambers
The Australian – Page: 7 : 11-Oct-19

Resources Minister Matt Canavan has indicated that a joint strategy with the US regarding critical minerals such as rare earths will be finalised in coming weeks. He has stressed the need for co-operation between governments to ensure that new rare earths projects go ahead. US Commerce Secretary Wilbur Ross, who is visiting Australia, has emphasised the importance of processing rather than merely mining rare earths. Trade Minister Simon Birmingham says the federal government wants processing of critical minerals to be undertaken in Australia.

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AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, UNITED STATES. DEPT OF COMMERCE, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LYNAS CORPORATION LIMITED – ASX LYC

Canavan seeks US funds to help develop rare earths resources

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Original article by John Kehoe
The Australian Financial Review – Page: 4 : 10-Oct-19

Resources Minister Matt Canavan has held talks with US Secretary of Commerce Wilbur Ross regarding co-operation in the development of critical minerals projects, including rare earths. Amongst other things, the federal government is looking at options such as providing funding for early-stage projects via Export Finance Australia and the Northern Australia Infrastructure Facility. China is the world’s major producer of rare earths, accounting for about 80 per cent of global supply.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, UNITED STATES. DEPT OF COMMERCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, LYNAS CORPORATION LIMITED – ASX LYC, ARAFURA RESOURCES LIMITED – ASX ARU, UNIVERSITY OF SYDNEY. UNITED STATES STUDIES CENTRE