REE
Rare Element Resources Ltd. Ord
NYSE MKT
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0.150.00 (0.00%)
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  • Reuters6 months ago

    China to boost crackdown on illegal rare earth mining

    MELBOURNE/BEIJING, Feb 2 (Reuters) - China plans to boost its crackdown on illegal mining of rare earths by setting up a system to certify the origin of supplies of the materials, used in everything from fighter jets to mobile phones. Illegal Chinese output and smuggling have helped drag global rare earth prices to their lowest in around six years, hitting legitimate producers hard inside and outside China, which churns out 90 percent of the world's supply. "There's a reasonable level of agitation in every part of the supply chain which is saying (the industry situation) is not good," said Amanda Lacaze, chief executive of Australia's Lynas Corp, the only remaining rare earths miner outside China.

  • Associated Presslast year

    Rare Element Resources reports 2Q loss

    The Lakewood, Colorado-based company said it had a loss of 4 cents per share. The company's shares closed at 36 cents. A year ago, they were trading at $1.18. _____ This story was generated by Automated ...