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TMR provides market intelligence, commentary and analysis on critical and strategic materials such as the rare earths, graphite and other technology metals & materials. We help companies, agencies and individuals do their homework on the challenges and opportunities associated with these materials.

When the subject of quotas for the Chinese rare-earth industry comes up, we’re generally talking about export quotas, which control (in theory at least) how much material may be shipped out of China, in any given period, and by which companies. Such quotas are controlled by the Chinese Ministry of Commerce (MOC) and their existence is at the heart of the recent WTO complaints filed by the USA, Japan and the EU, against China.

There are, however, at least two other sets of quotas that affect the rare-earth industry in China. The first concerns the separation and smelting of rare-earth products, controlled by the Chinese Ministry of Industry and Information Technology (MIIT); the other concerns mining quotas, controlled by the Chinese Ministry of Land and Resources (MLR). Of the two, the mining quotas are usually the more prominent, and each year, usually sometime in March, the MLR publishes a list of the mining quotas that have been allocated to each province or region in China.

Each year that is, until this year.

For 2012, the MLR has taken a different approach to the allocation of mining quotas. The first difference is that the Ministry does not appear to have published a single list of mining quotas allocated to the provinces and regions, as it has in previous years. Instead, individual departments for land and resources within the provincial and regional governments were apparently sent a notice roughly titled “2012 Tungsten, Antimony And Rare Earth Mining Quotas (First Batch)” (a copy of which is not available online) indicating the mining quota allocated, and the companies to whom those quotas were to be assigned.

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I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect one new rare-earth mineral-resource estimate that was announced recently. I also made some other updates. The specifics:

  • Greenland Minerals and Energy Ltd. (ASX:GGG, PK:GDLNF) announced a JORC-compliant mineral-resource estimate for its Zone 2 project in Greenland, on March 21, 2012. According to the associated press release, 242 Mt of the resource is at the Inferred level @ 1.10% TREO, at a cut-off grade of 0.015 wt% U3O8).

I have also updated the pricing used in the Index data, to reflect the average monthly prices for April 2012 and the moving three-year average price for separated rare-earth oxides.

In addition, to the new projects above, two companies with projects on the Index announced updates to their existing resource estimates: Read the full article →

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The TMR Advanced Graphite Projects Index

by Gareth Hatch April 10, 2012

Today we announce the launch of the TMR Advanced Graphite Projects Index, an objective tool for tracking the leading new exploration & development projects in the graphite sector. This follows a number of requests to create such an Index, similar to the one that we maintain for the rare-earth sector. You can visit the new [...]

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Is There A Gold Standard For Estimating Rare-Earth Mineral Resources And Reserves?

by Gareth Hatch April 9, 2012

Earlier today Molycorp announced that the estimated proven and probable reserves at its Mountain Pass rare-earth deposit in California have increased by 36%, based on the SEC’s Industry Guide 7 for making such estimates. The company reported that its mining consulting firm estimates that the Mountain Pass ore body now contains the equivalent of 1.3 [...]

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Big News From China On The Future Of The Heavy Rare Earths Industry

by Jack Lifton March 31, 2012

The China Daily, the official newspaper of the Communist Party of China, publishes an English-language version each day, to which I am a subscriber. I just now received my Sunday edition – it is still Saturday evening in Detroit as I write this. I ask you to read this story in its entirety and then [...]

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The WTO Rare Earths Trade Dispute: An Initial Analysis

by Gareth Hatch March 28, 2012

Introduction As those who follow the rare-earths sector will know, on March 13, 2012, the United States, the European Union and Japan (the complainants) filed simultaneous and near-identical complaints with the World Trade Organization (WTO), in which they requested consultations with China (the respondent) on the measures that it has in place related to restrictions on [...]

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March 2012 Updates To The TMR Advanced Rare-Earth Projects Index

by Gareth Hatch March 18, 2012

I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect one new rare-earth mineral-resource estimate that was announced recently. I also made some other updates. The specifics: Peak Resources Ltd (ASX:PEK) announced a JORC-compliant mineral-resource estimate for its Ngualla project in Tanzania, on February 29, 2012. According to the associated press release, [...]

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Rare Earth Bull

by Jack Lifton March 8, 2012

Rare-earth deposits are not rare; they are just rarely put into production. Why is that? It is because of pricing economics driven by supply and demand. The demand for the rare earths as raw materials is today in southeast Asia, so it should not be surprising to see how the producing supply base has migrated [...]

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A Visit To Tasman Metals’ Norra Kärr Project

by Gareth Hatch February 27, 2012

In October 2011, I took a short trip to Sweden, invited by Tasman Metals Ltd. (TSX.V:TSM, AMEX:TAS, F:T61) to join an analysts’ tour of Norra Kärr, Tasman’s flagship rare-earth-element (REE) project in Scandinavia. First things first: the Swedes spell the name of this mineral occurrence as ‘Norra Kärr’, not ‘Norra Karr’. This spelling renders the project’s pronunciation as [...]

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February 2012 Updates To The TMR Rare-Earth Projects Index

by Gareth Hatch February 17, 2012

I recently updated the list of projects on the TMR Advanced Rare-Earth Projects Index, to reflect three new rare-earth mineral-resource estimates that were announced recently. I also made some other updates. The specifics: AMR Mineral Metal Inc. announced an NI-43-101-compliant mineral-resource estimate for its Çanakli I project in Turkey, on August 12, 2011. According to the associated press [...]

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