2024-01-24 16:52:42 ET
Summary
- China announced curbs on critical metal exports, including gallium and germanium, in retaliation for Western restrictions on the chip industry.
- China announced a ban on rare earth extraction and separation technologies on December 21, 2023.
- China's dominance in the rare earth elements (REE) market allows them to impact prices and control processing capabilities.
- Restriction of REE exports from China would have a significant impact on industries worldwide, particularly in green technology applications.
- Global governments are now actively awarding funds to mining companies to retake control of the rare earth industry, from mining to completed magnets.
In May 2023, Ramaco Resources, Inc. ( METC ) announced a major discovery of magnetic rare earth element deposits at its Brook Mine property in Wyoming.
Recent tests conducted by government researchers revealed that the 15,800-acre mineral reserve contains what might be the largest unconventional rare-earth deposit in the country, according to The Wall Street Journal ....
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For further details see:
Ramaco: A Coal Mining Company That Happens To Have Significant Magnetic Rare Earth Deposits