A regulation on pollutants of rare earth industry is under examination now and may take effect this year, the Shanghai-based Dongfang Daily reported, citing a former industry official.
The new regulation might double the cost on environment protection for rare earth manufacturer in China, the newspaper cited Wang Guozhen, a former vice director of China Nonferrous Engineering and Research Institute, as saying.
New plants will have to work according to the regulation. The existing facilities can spend a year or two before adjusting to the new standards, Wang was quoted as saying.
The Ministry of Environmental Protection passed the regluation on December 31st 2010, according to the ministry’s website.
Source:
1. Dongfang Daily http://www.dfdaily.com/html/113/2011/1/6/555449.shtml
2. Ministry of Environmental Protection: http://www.zhb.gov.cn/zhxx/hjyw/201012/t20101231_199336.htm
2011年1月5日星期三
Short on Molycorp
Share price of Molycorp might be overvalued. The author estimates that the company value $2 billion, instead of $4 billion. The key is long term supply may meet, or even surpass, demand. Possibilities include future subsititution for rare earth, supply from China or elsewhere.
The analysis is here: http://seekingalpha.com/article/244880-is-molycorp-really-worth-4-7b
The analysis is here: http://seekingalpha.com/article/244880-is-molycorp-really-worth-4-7b
2011年1月4日星期二
South Korea
South Korea:
South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, Reuters reported, citing a government report.
The report also mentioned the Asia’s fourth-largest economy is trying to increase its self sufficiency rate of demand for rare earth and other minerals.
South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, Reuters reported, citing a government report.
The report also mentioned the Asia’s fourth-largest economy is trying to increase its self sufficiency rate of demand for rare earth and other minerals.
Molycorp to double production; share rose
Molycorp Inc, owner of the world’s largest rare-earth deposit outside China, may double its planned production next year, the Bloomberg reported, citing its Chief Executive Officer Mark Smith.
The company’s board asked its management to raise its 2012 output to 40,000 tons from 20,000 tons. The production this year will be 3,000 to 5,000 tons, the report said.
The world excluding China will around 60,000 tons of the mineral this year, of which China will export around 24,000 tons, Smith was quoted as saying.
Shares of Molycorp rose 11.22 percent in New York. The stock has gained more than fourfold since an IPO in July, in which it rasied $394 million.
The company’s board asked its management to raise its 2012 output to 40,000 tons from 20,000 tons. The production this year will be 3,000 to 5,000 tons, the report said.
The world excluding China will around 60,000 tons of the mineral this year, of which China will export around 24,000 tons, Smith was quoted as saying.
Shares of Molycorp rose 11.22 percent in New York. The stock has gained more than fourfold since an IPO in July, in which it rasied $394 million.
2011年1月3日星期一
Latest move by Japan to secure rare earth supply
Japan:
Japan is to step up its search for undersea mineral reserves in the Pacific, the AFP quoted the Nikkei business daily as saying.
The report said the Japanese government plans to begin fully fledged surveys near Minamitorishima during the 12 months from April.
The Japan Oil, Gas and Metals National Corp. has been conducting basic surveys in waters but the government has decided to take direct control of the project, the report said. The overall budged amounts to 6.8 billion yen (US$84 million).
Moves by other Japanese companies:
- Sojitz set up a partnership with Australian mining firm Lynas Corp in November 2010.
- Hitachi Metals and US-based Molycorp agreed to set up a joint venture in December 2010.
Japan is to step up its search for undersea mineral reserves in the Pacific, the AFP quoted the Nikkei business daily as saying.
The report said the Japanese government plans to begin fully fledged surveys near Minamitorishima during the 12 months from April.
The Japan Oil, Gas and Metals National Corp. has been conducting basic surveys in waters but the government has decided to take direct control of the project, the report said. The overall budged amounts to 6.8 billion yen (US$84 million).
Moves by other Japanese companies:
- Sojitz set up a partnership with Australian mining firm Lynas Corp in November 2010.
- Hitachi Metals and US-based Molycorp agreed to set up a joint venture in December 2010.
rare earth 101: light and heavy
Light rare earths: cerium(铈), lanthanum (镧), praseodymium (镨), neodymium (钕), samarium (钐)
Heavy elements: dysprosium (镝), terbium(铽), europium (铕)
Light rare earths are used in lower-technology applications like oil refining and glass manufacturing.
Heavy rare earth elements are vital to high-tech products, such as iPhones, flat-panel TV, hybrid cars and wind-power turbines.
Source: Keith Bradsher, China Plans to Reduce its Exports of Minerals, New York Times. http://www.nytimes.com/2010/10/19/business/global/19mineral.html
Lynas, the promisting Australian rare earth producer, is based in Mt Weld. “Mt Weld, with its very high grade contains light Rare Earths and is also high in Europium, a heavy Rare Earth.” Source: Lynas Corporation website
Heavy elements: dysprosium (镝), terbium(铽), europium (铕)
Light rare earths are used in lower-technology applications like oil refining and glass manufacturing.
Heavy rare earth elements are vital to high-tech products, such as iPhones, flat-panel TV, hybrid cars and wind-power turbines.
Source: Keith Bradsher, China Plans to Reduce its Exports of Minerals, New York Times. http://www.nytimes.com/2010/10/19/business/global/19mineral.html
Lynas, the promisting Australian rare earth producer, is based in Mt Weld. “Mt Weld, with its very high grade contains light Rare Earths and is also high in Europium, a heavy Rare Earth.” Source: Lynas Corporation website
2011年1月1日星期六
Year of the RARE EARTH MINERAL?
A wall Street trader spent half of his wealth aquire raring earth minerals. Here is his letter to investors.
FW: 2011: Year of the RARE EARTH MINERAL
Friends,
The object of a New Year is not that we should have a new year. It is that we should have a new soul.
— G.K. Chesterton
New Year’s Day is just an arbitrary starting point, but it can have a great positive psychological impact if we spend a little time reflecting on changes we want to make. First and foremost it is mental adjustment that we need to focus on. Everything else will flow from there. The way we act, the actions we take and the way we approach the market will all flow from our mind-set.
The most important mind-set for investors to cultivate as we enter 2011 is one of flexibility. We probably all have at least some vague feelings about how the year will play out. Some folks go far beyond that and have very strong beliefs one way or the other about our prospects.
I try very hard to avoid the prediction game. The only thing I know for sure about 2011 is that there are going to be some very good rallies and some very ugly disappointment. My goal is to simply navigate it the best I can, provide some helpful insights and make some money. It would be easier if we just had a slow, steady bull market that lasts for most of the year, but I’m fairly certain that is not going to happen quickly or easily.
So let’s start off the new year with the right mind-set. Let others be hopefully optimistic bulls or doom-and-gloom bears — we will just be open-minded and see how it goes.
Welcome to 2011. Good luck and go get ‘em.
As many of you are aware, at the end of every year I move completely to cash and lock myself in a bank vault for a couple days with all of my money and all of my annual trading records. I carefully review all of my trades and try to learn what mistakes were made and what worked. I physically handle my cash; it helps me appreciate that trading is not simply an intellectual exercise involving numbers, but one which involves real money with real wealth creation and destruction.
This year, I have relocated this exercise 2,300 feet underground inside an abandoned mine at a slag dump site in Monaca, Pa. I have appropriated thirty-seven Chinese nationals from a Scandium Mine in Longba Town, Zhuxi Country, China, that have secured and transported my gadolinite, promethium, cerium and yttrium and other rare earth minerals holdings. As many of you are aware, I recently acquired these minerals, as well as the laborers, on a recent site visit to a rare earth mining facility in the P.B.O.C. My rare earth mineral holdings represent precisely half of my net worth.
Periodically going completely to cash (or, in my case, rare earth mineral deposits) is a great way to refresh your thinking and to regain your objectivity. Day in and day out, we carry the baggage of existing positions, and it’s tough to really look at the market in an unbiased fashion when you have something at stake. It’s only when you are completely on the sidelines that you can gain real clarity, and it also provides a good opportunity to evaluate what you have done right and wrong in the past.
Such is the market and so goes life.
Best of luck in 2011. Yaazzzzz!
Source: New York Times website:
http://dealbook.nytimes.com/2010/12/30/year-end-investor-letter-a-wall-street-parody/
FW: 2011: Year of the RARE EARTH MINERAL
Friends,
The object of a New Year is not that we should have a new year. It is that we should have a new soul.
— G.K. Chesterton
New Year’s Day is just an arbitrary starting point, but it can have a great positive psychological impact if we spend a little time reflecting on changes we want to make. First and foremost it is mental adjustment that we need to focus on. Everything else will flow from there. The way we act, the actions we take and the way we approach the market will all flow from our mind-set.
The most important mind-set for investors to cultivate as we enter 2011 is one of flexibility. We probably all have at least some vague feelings about how the year will play out. Some folks go far beyond that and have very strong beliefs one way or the other about our prospects.
I try very hard to avoid the prediction game. The only thing I know for sure about 2011 is that there are going to be some very good rallies and some very ugly disappointment. My goal is to simply navigate it the best I can, provide some helpful insights and make some money. It would be easier if we just had a slow, steady bull market that lasts for most of the year, but I’m fairly certain that is not going to happen quickly or easily.
So let’s start off the new year with the right mind-set. Let others be hopefully optimistic bulls or doom-and-gloom bears — we will just be open-minded and see how it goes.
Welcome to 2011. Good luck and go get ‘em.
As many of you are aware, at the end of every year I move completely to cash and lock myself in a bank vault for a couple days with all of my money and all of my annual trading records. I carefully review all of my trades and try to learn what mistakes were made and what worked. I physically handle my cash; it helps me appreciate that trading is not simply an intellectual exercise involving numbers, but one which involves real money with real wealth creation and destruction.
This year, I have relocated this exercise 2,300 feet underground inside an abandoned mine at a slag dump site in Monaca, Pa. I have appropriated thirty-seven Chinese nationals from a Scandium Mine in Longba Town, Zhuxi Country, China, that have secured and transported my gadolinite, promethium, cerium and yttrium and other rare earth minerals holdings. As many of you are aware, I recently acquired these minerals, as well as the laborers, on a recent site visit to a rare earth mining facility in the P.B.O.C. My rare earth mineral holdings represent precisely half of my net worth.
Periodically going completely to cash (or, in my case, rare earth mineral deposits) is a great way to refresh your thinking and to regain your objectivity. Day in and day out, we carry the baggage of existing positions, and it’s tough to really look at the market in an unbiased fashion when you have something at stake. It’s only when you are completely on the sidelines that you can gain real clarity, and it also provides a good opportunity to evaluate what you have done right and wrong in the past.
Such is the market and so goes life.
Best of luck in 2011. Yaazzzzz!
Source: New York Times website:
http://dealbook.nytimes.com/2010/12/30/year-end-investor-letter-a-wall-street-parody/
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