China, the world’s largest producer of rare earths, posted export figures for the coveted resources this week, and the International Energy Agency published its annual energy outlook, highlighting risks to global energy security. Meanwhile, Australian Strategic Minerals secured government support to advance its rare earth project—the details in our roundup.
China: Export of Rare Earths Declines in September
Rare earth exports from China declined in October compared to August. However, there was a slight increase on a year-on-year basis, data from the Chinese customs authorities show. In October, new regulations regarding the rare earth industry came into effect in China.
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ASM Secures Government Support to Advance Australian Rare Earth Project
Critical minerals miner Australian Strategic Minerals has secured $3.7 million in government support to advance its Dubbo rare earth project in New South Wales. The funding will support up to half the expenses of a study to find more efficient rare earth refining methods at ASM’s mine and processing plant. Besides the coveted rare earths, the deposit also contains other critical minerals.
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IEA: Geopolitics and Climate Change Threaten Energy Security
The International Energy Agency sees major challenges for global energy supply in the coming years. Geopolitical and regional conflicts threaten both energy security and the goal of reducing greenhouse gas emissions. Climate change itself, through extreme weather events, also poses an increasing threat to energy supply.
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Sydney and Fudan University Working on a Critical Raw Material Passport
Researchers from the University of Sydney Law School and Fudan University are working on the implementation of a digital product passport to boost the traceability of critical minerals in global supply chains. The passport will track raw materials from mining to recycling, aiding authorities, businesses, and consumers in assessing the origin of products.
To the article.
